PC Connection (CNXN) to Release Quarterly Earnings on Wednesday

PC Connection (NASDAQ:CNXN - Get Free Report) will issue its quarterly earnings data after the market closes on Wednesday, October 30th. Analysts expect the company to announce earnings of $1.00 per share for the quarter. Parties that wish to register for the company's conference call can do so using this link.

PC Connection (NASDAQ:CNXN - Get Free Report) last posted its quarterly earnings data on Wednesday, July 31st. The company reported $1.00 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.83 by $0.17. The company had revenue of $736.48 million during the quarter, compared to analyst estimates of $703.50 million. PC Connection had a return on equity of 10.51% and a net margin of 3.22%. On average, analysts expect PC Connection to post $4 EPS for the current fiscal year and $4 EPS for the next fiscal year.

PC Connection Stock Down 1.5 %

NASDAQ:CNXN traded down $1.11 during trading hours on Wednesday, hitting $70.66. 47,662 shares of the company's stock traded hands, compared to its average volume of 80,813. The firm has a market cap of $1.86 billion, a P/E ratio of 21.36, a P/E/G ratio of 2.09 and a beta of 0.62. PC Connection has a 52 week low of $51.63 and a 52 week high of $77.19. The business's fifty day simple moving average is $72.37 and its two-hundred day simple moving average is $67.97.

PC Connection Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Friday, August 30th. Shareholders of record on Tuesday, August 13th were given a dividend of $0.10 per share. The ex-dividend date was Tuesday, August 13th. This represents a $0.40 dividend on an annualized basis and a yield of 0.57%. PC Connection's payout ratio is 11.90%.

Analyst Ratings Changes

Separately, StockNews.com upgraded PC Connection from a "buy" rating to a "strong-buy" rating in a research report on Thursday, August 29th.

Insider Buying and Selling at PC Connection

In other PC Connection news, CEO Timothy J. Mcgrath sold 15,377 shares of the firm's stock in a transaction dated Tuesday, August 6th. The stock was sold at an average price of $70.18, for a total transaction of $1,079,157.86. Following the sale, the chief executive officer now owns 277,691 shares in the company, valued at $19,488,354.38. This trade represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Company insiders own 56.90% of the company's stock.

PC Connection Company Profile

PC Connection, Inc, together with its subsidiaries, provides a range of information technology (IT) solutions. The company operates through three segments: Business Solutions, Enterprise Solutions, and Public Sector Solutions. It offers IT products, such as computer systems, software and peripheral equipment, networking communications, and other products and accessories.