PC Connection (CNXN) to Release Quarterly Earnings on Wednesday

PC Connection (NASDAQ:CNXN) is scheduled to announce its earnings results after the market closes on Wednesday, May 1st. Analysts expect PC Connection to post earnings of $0.66 per share for the quarter. Persons that wish to register for the company’s earnings conference call can do so using this link.

PC Connection (NASDAQ:CNXN) last released its earnings results on Wednesday, February 14th. The company reported $0.90 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.88 by $0.02. PC Connection had a return on equity of 10.55% and a net margin of 2.92%. The firm had revenue of $696.47 million for the quarter, compared to analyst estimates of $673.51 million. On average, analysts expect PC Connection to post $3 EPS for the current fiscal year and $4 EPS for the next fiscal year.

PC Connection Stock Down 0.5 %

Shares of CNXN stock opened at $63.38 on Tuesday. PC Connection has a 12 month low of $38.13 and a 12 month high of $70.55. The firm has a market cap of $1.67 billion, a PE ratio of 20.06, a price-to-earnings-growth ratio of 1.83 and a beta of 0.66. The stock has a 50 day moving average of $65.06 and a 200-day moving average of $63.37.

PC Connection Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Friday, March 15th. Investors of record on Tuesday, February 27th were given a dividend of $0.10 per share. The ex-dividend date was Monday, February 26th. This represents a $0.40 dividend on an annualized basis and a yield of 0.63%. This is a positive change from PC Connection’s previous quarterly dividend of $0.08. PC Connection’s payout ratio is 12.66%.

Analyst Ratings Changes

Separately, StockNews.com downgraded shares of PC Connection from a “strong-buy” rating to a “buy” rating in a report on Friday.

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.