CDW (CDW) Scheduled to Post Earnings on Wednesday

CDW (NASDAQ:CDW - Get Free Report) is scheduled to release its earnings data before the market opens on Wednesday, October 30th. Analysts expect CDW to post earnings of $2.68 per share for the quarter. Persons that wish to listen to the company's earnings conference call can do so using this link.

CDW (NASDAQ:CDW - Get Free Report) last released its quarterly earnings results on Wednesday, July 31st. The information technology services provider reported $2.34 EPS for the quarter, missing analysts' consensus estimates of $2.39 by ($0.05). CDW had a return on equity of 62.22% and a net margin of 5.29%. The firm had revenue of $5.42 billion for the quarter, compared to analyst estimates of $5.43 billion. During the same quarter last year, the company earned $2.43 earnings per share. The firm's revenue for the quarter was down 3.6% on a year-over-year basis. On average, analysts expect CDW to post $9 EPS for the current fiscal year and $10 EPS for the next fiscal year.

CDW Price Performance

CDW stock opened at $217.08 on Wednesday. The business's fifty day moving average price is $221.65 and its 200 day moving average price is $225.26. CDW has a 12-month low of $185.04 and a 12-month high of $263.37. The company has a current ratio of 1.13, a quick ratio of 1.02 and a debt-to-equity ratio of 2.03. The company has a market capitalization of $29.18 billion, a PE ratio of 27.10, a P/E/G ratio of 3.42 and a beta of 1.03.

CDW Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Tuesday, September 10th. Shareholders of record on Monday, August 26th were paid a dividend of $0.62 per share. The ex-dividend date was Monday, August 26th. This represents a $2.48 dividend on an annualized basis and a yield of 1.14%. CDW's dividend payout ratio (DPR) is presently 30.96%.

Insider Buying and Selling at CDW

In other CDW news, insider Christine A. Leahy bought 1,200 shares of the business's stock in a transaction dated Thursday, August 1st. The shares were acquired at an average price of $216.15 per share, with a total value of $259,380.00. Following the transaction, the insider now owns 102,200 shares of the company's stock, valued at approximately $22,090,530. The trade was a 0.00 % increase in their ownership of the stock. The acquisition was disclosed in a filing with the SEC, which can be accessed through the SEC website. 0.90% of the stock is owned by insiders.

Wall Street Analyst Weigh In

A number of equities research analysts have issued reports on the stock. Citigroup lowered shares of CDW from a "buy" rating to a "neutral" rating and reduced their target price for the stock from $250.00 to $245.00 in a report on Tuesday, October 1st. Barclays decreased their target price on CDW from $232.00 to $229.00 and set an "equal weight" rating for the company in a report on Thursday, August 1st. Finally, Stifel Nicolaus upped their price target on CDW from $250.00 to $260.00 and gave the stock a "buy" rating in a report on Wednesday, July 17th. Three equities research analysts have rated the stock with a hold rating and four have given a buy rating to the company. Based on data from MarketBeat.com, the company presently has an average rating of "Moderate Buy" and an average price target of $255.00.

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.