CDW (CDW) to Release Quarterly Earnings on Wednesday

CDW (NASDAQ:CDW) is set to announce its earnings results before the market opens on Wednesday, May 1st. Analysts expect the company to announce earnings of $2.04 per share for the quarter. Investors that wish to register for the company’s conference call can do so using this link.

CDW (NASDAQ:CDW) last announced its quarterly earnings data on Wednesday, February 7th. The information technology services provider reported $2.57 EPS for the quarter, beating the consensus estimate of $2.56 by $0.01. CDW had a net margin of 5.17% and a return on equity of 73.93%. The business had revenue of $5.02 billion during the quarter, compared to the consensus estimate of $5.32 billion. During the same period in the previous year, the business earned $2.40 earnings per share. The company’s revenue was down 7.7% on a year-over-year basis. On average, analysts expect CDW to post $10 EPS for the current fiscal year and $11 EPS for the next fiscal year.

CDW Stock Up 1.2 %

Shares of CDW opened at $240.47 on Wednesday. CDW has a one year low of $162.59 and a one year high of $263.37. The company has a market cap of $32.31 billion, a P/E ratio of 29.69, a P/E/G ratio of 2.67 and a beta of 1.09. The company has a debt-to-equity ratio of 2.46, a current ratio of 1.23 and a quick ratio of 1.11. The firm has a 50 day simple moving average of $247.13 and a two-hundred day simple moving average of $227.87.

CDW Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, March 12th. Shareholders of record on Monday, February 26th were given a dividend of $0.62 per share. The ex-dividend date was Friday, February 23rd. This represents a $2.48 annualized dividend and a yield of 1.03%. CDW’s dividend payout ratio is currently 30.62%.

CDW declared that its Board of Directors has approved a stock repurchase plan on Wednesday, February 7th that permits the company to buyback $750.00 million in shares. This buyback authorization permits the information technology services provider to repurchase up to 2.4% of its stock through open market purchases. Stock buyback plans are usually an indication that the company’s board of directors believes its shares are undervalued.

Wall Street Analyst Weigh In

Several research analysts have recently issued reports on the stock. JPMorgan Chase & Co. upped their price target on shares of CDW from $267.00 to $280.00 and gave the stock an “overweight” rating in a report on Thursday, April 11th. Evercore ISI upped their price target on shares of CDW from $250.00 to $300.00 and gave the stock an “outperform” rating in a report on Friday, March 22nd. Barclays upped their price target on shares of CDW from $219.00 to $261.00 and gave the stock an “equal weight” rating in a report on Thursday, February 8th. Finally, Citigroup upped their price target on shares of CDW from $255.00 to $295.00 and gave the stock a “buy” rating in a report on Thursday, April 4th. Three research analysts have rated the stock with a hold rating and five have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $242.67.

About CDW

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.