Equities research analysts predict that PC Connection, Inc. (NASDAQ:CNXN) will announce earnings of $0.53 per share for the current fiscal quarter, Zacks Investment Research reports. Two analysts have provided estimates for PC Connection’s earnings. The lowest EPS estimate is $0.48 and the highest is $0.58. PC Connection also reported earnings per share of $0.53 in the same quarter last year. The business is expected to announce its next quarterly earnings report on Wednesday, February 7th.

On average, analysts expect that PC Connection will report full year earnings of $1.81 per share for the current year, with EPS estimates ranging from $1.77 to $1.85. For the next financial year, analysts anticipate that the firm will post earnings of $2.11 per share, with EPS estimates ranging from $2.07 to $2.14. Zacks’ earnings per share averages are a mean average based on a survey of sell-side research firms that that provide coverage for PC Connection.

PC Connection (NASDAQ:CNXN) last posted its quarterly earnings data on Thursday, October 26th. The company reported $0.49 earnings per share for the quarter, meeting the Zacks’ consensus estimate of $0.49. PC Connection had a return on equity of 10.84% and a net margin of 1.63%. The company had revenue of $729.23 million during the quarter, compared to analyst estimates of $727.84 million. During the same quarter last year, the company earned $0.53 EPS. The firm’s revenue for the quarter was up 2.9% on a year-over-year basis.

Several brokerages have commented on CNXN. Zacks Investment Research upgraded PC Connection from a “hold” rating to a “buy” rating and set a $29.00 target price on the stock in a research note on Monday, July 31st. ValuEngine downgraded PC Connection from a “buy” rating to a “hold” rating in a research note on Friday, November 10th. Finally, Roth Capital set a $33.00 target price on PC Connection and gave the company a “buy” rating in a research note on Friday, July 28th.

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PC Connection (NASDAQ CNXN) opened at $26.43 on Friday. PC Connection has a 52-week low of $23.52 and a 52-week high of $30.48. The firm has a market capitalization of $708.75, a P/E ratio of 14.44, a P/E/G ratio of 1.83 and a beta of 1.60.

In other PC Connection news, Director Negrini David Beffa sold 20,000 shares of the stock in a transaction on Tuesday, September 12th. The stock was sold at an average price of $26.00, for a total transaction of $520,000.00. Following the sale, the director now directly owns 129,800 shares in the company, valued at approximately $3,374,800. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. Company insiders own 57.30% of the company’s stock.

Several hedge funds have recently added to or reduced their stakes in the company. Dimensional Fund Advisors LP boosted its stake in shares of PC Connection by 0.5% in the 2nd quarter. Dimensional Fund Advisors LP now owns 2,244,663 shares of the company’s stock worth $60,741,000 after buying an additional 10,323 shares during the last quarter. Northern Trust Corp boosted its stake in shares of PC Connection by 1.9% in the 2nd quarter. Northern Trust Corp now owns 730,319 shares of the company’s stock worth $19,763,000 after buying an additional 13,284 shares during the last quarter. Vanguard Group Inc. boosted its stake in shares of PC Connection by 8.5% in the 2nd quarter. Vanguard Group Inc. now owns 541,510 shares of the company’s stock worth $14,653,000 after buying an additional 42,259 shares during the last quarter. Tributary Capital Management LLC boosted its stake in shares of PC Connection by 68.2% in the 2nd quarter. Tributary Capital Management LLC now owns 385,128 shares of the company’s stock worth $10,422,000 after buying an additional 156,106 shares during the last quarter. Finally, State Street Corp boosted its stake in shares of PC Connection by 8.5% in the 2nd quarter. State Street Corp now owns 255,636 shares of the company’s stock worth $6,915,000 after buying an additional 20,012 shares during the last quarter. Hedge funds and other institutional investors own 41.63% of the company’s stock.

About PC Connection

PC Connection, Inc is a provider of a range of information technology (IT) solutions. The Company conducts its business operations through three business segments: small- to medium-sized businesses (SMB), Large Account and Public Sector. The Company enables customers to design, enable, manage and service their IT environments.

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