What is Zacks Research's Estimate for CDW FY2027 Earnings?

CDW Co. (NASDAQ:CDW - Free Report) - Equities researchers at Zacks Research issued their FY2027 earnings per share (EPS) estimates for shares of CDW in a research report issued to clients and investors on Tuesday, March 18th. Zacks Research analyst R. Department forecasts that the information technology services provider will post earnings per share of $11.37 for the year. The consensus estimate for CDW's current full-year earnings is $9.41 per share.

CDW (NASDAQ:CDW - Get Free Report) last issued its quarterly earnings data on Wednesday, February 5th. The information technology services provider reported $2.40 earnings per share for the quarter, beating the consensus estimate of $2.33 by $0.07. CDW had a net margin of 5.13% and a return on equity of 55.42%.

Several other equities analysts also recently commented on the stock. Morgan Stanley increased their target price on shares of CDW from $193.00 to $201.00 and gave the stock an "equal weight" rating in a research report on Thursday, February 6th. UBS Group cut their price objective on CDW from $233.00 to $220.00 and set a "buy" rating on the stock in a research note on Tuesday, January 7th. Finally, Barclays boosted their target price on CDW from $201.00 to $223.00 and gave the stock an "equal weight" rating in a report on Thursday, February 6th. Four research analysts have rated the stock with a hold rating and four have assigned a buy rating to the company. According to MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy" and an average price target of $235.50.

Remove Ads

CDW Stock Up 2.9 %

Shares of CDW stock traded up $4.74 during midday trading on Thursday, reaching $170.31. 1,011,289 shares of the company's stock traded hands, compared to its average volume of 1,040,210. The company has a debt-to-equity ratio of 2.38, a quick ratio of 1.24 and a current ratio of 1.35. CDW has a 52 week low of $162.84 and a 52 week high of $263.37. The company's 50 day simple moving average is $184.19 and its 200 day simple moving average is $192.73. The company has a market cap of $22.56 billion, a price-to-earnings ratio of 21.37, a price-to-earnings-growth ratio of 3.21 and a beta of 1.01.

CDW announced that its board has authorized a share buyback program on Wednesday, February 5th that allows the company to buyback $750.00 million in outstanding shares. This buyback authorization allows the information technology services provider to reacquire up to 2.7% of its stock through open market purchases. Stock buyback programs are usually a sign that the company's board of directors believes its shares are undervalued.

CDW Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, March 11th. Stockholders of record on Tuesday, February 25th were given a $0.625 dividend. The ex-dividend date of this dividend was Tuesday, February 25th. This represents a $2.50 annualized dividend and a dividend yield of 1.47%. CDW's dividend payout ratio is 31.37%.

Institutional Investors Weigh In On CDW

Hedge funds and other institutional investors have recently modified their holdings of the stock. Orion Capital Management LLC bought a new stake in CDW in the 4th quarter valued at $30,000. Allworth Financial LP lifted its stake in shares of CDW by 39.7% in the fourth quarter. Allworth Financial LP now owns 183 shares of the information technology services provider's stock valued at $32,000 after buying an additional 52 shares during the period. OFI Invest Asset Management bought a new stake in shares of CDW in the fourth quarter valued at about $32,000. Parkside Financial Bank & Trust grew its position in CDW by 38.9% during the fourth quarter. Parkside Financial Bank & Trust now owns 207 shares of the information technology services provider's stock worth $36,000 after buying an additional 58 shares in the last quarter. Finally, Optiver Holding B.V. increased its stake in CDW by 107.2% during the fourth quarter. Optiver Holding B.V. now owns 230 shares of the information technology services provider's stock valued at $40,000 after acquiring an additional 119 shares during the period. Institutional investors and hedge funds own 93.15% of the company's stock.

CDW Company Profile

CDW Corporation provides information technology (IT) solutions in the United States, the United Kingdom, and Canada. It operates through three segments: Corporate, Small Business, and Public. The company offers discrete hardware and software products and services, as well as integrated IT solutions, including on-premise and cloud capabilities across hybrid infrastructure, digital experience, and security.