$595.74 Million in Sales Expected for PCM, Inc. (PCMI) This Quarter
Analysts expect PCM, Inc. (NASDAQ:PCMI) to announce sales of $595.74 million for the current fiscal quarter, Zacks Investment Research reports. Two analysts have provided estimates for PCM’s earnings, with the highest sales estimate coming in at $597.00 million and the lowest estimate coming in at $594.48 million. PCM posted sales of $580.99 million during the same quarter last year, which would indicate a positive year-over-year growth rate of 2.5%. The company is expected to announce its next earnings results on Wednesday, July 26th.
According to Zacks, analysts expect that PCM will report full year sales of $595.74 million for the current fiscal year. For the next fiscal year, analysts expect that the company will post sales of $2.48 billion per share, with estimates ranging from $2.45 billion to $2.52 billion. Zacks Investment Research’s sales averages are a mean average based on a survey of research analysts that cover PCM.
PCM (NASDAQ:PCMI) last released its quarterly earnings results on Thursday, April 27th. The specialty retailer reported $0.30 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $0.14 by $0.16. PCM had a return on equity of 19.91% and a net margin of 0.94%. The business had revenue of $524.40 million for the quarter, compared to analysts’ expectations of $520.33 million. The business’s revenue for the quarter was up 5.3% on a year-over-year basis.
A number of research analysts have commented on PCMI shares. B. Riley restated a “buy” rating and set a $32.00 price target on shares of PCM in a research note on Wednesday, April 26th. Roth Capital set a $34.00 price target on shares of PCM and gave the stock a “buy” rating in a research note on Friday, April 28th. TheStreet upgraded shares of PCM from a “c” rating to a “b-” rating in a research note on Wednesday, February 22nd. Finally, Zacks Investment Research upgraded shares of PCM from a “hold” rating to a “buy” rating and set a $28.00 price target for the company in a research note on Tuesday, May 2nd.
PCM (NASDAQ:PCMI) traded down 2.67% on Friday, hitting $18.20. The company had a trading volume of 189,884 shares. The firm’s 50 day moving average price is $19.84 and its 200 day moving average price is $23.72. The stock has a market cap of $228.16 million, a P/E ratio of 10.88 and a beta of 0.91. PCM has a 12-month low of $10.35 and a 12-month high of $31.20.
In other news, insider Simon M. Abuyounes sold 5,000 shares of PCM stock in a transaction that occurred on Wednesday, March 22nd. The shares were sold at an average price of $25.80, for a total value of $129,000.00. Following the completion of the transaction, the insider now owns 43,127 shares in the company, valued at $1,112,676.60. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Insiders own 30.50% of the company’s stock.
Several hedge funds and other institutional investors have recently bought and sold shares of the stock. SG Americas Securities LLC purchased a new position in PCM during the first quarter worth about $149,000. O Shaughnessy Asset Management LLC boosted its position in PCM by 161.4% in the fourth quarter. O Shaughnessy Asset Management LLC now owns 7,914 shares of the specialty retailer’s stock worth $178,000 after buying an additional 4,886 shares during the period. Parametric Portfolio Associates LLC purchased a new position in PCM during the first quarter worth about $210,000. Trexquant Investment LP purchased a new position in PCM during the first quarter worth about $217,000. Finally, Dynamic Technology Lab Private Ltd purchased a new position in PCM during the first quarter worth about $309,000. Institutional investors own 59.58% of the company’s stock.
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PCM Company Profile
PCM, Inc is a multi-vendor provider of technology solutions, including hardware products, software and services, offered through its dedicated sales force, field and internal service teams, direct marketing channels, and owned and operated data centers. The Company’s segments include Commercial, Public Sector and Canada.
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