Q2 2024 Earnings Forecast for PC Connection, Inc. (NASDAQ:CNXN) Issued By Sidoti Csr

PC Connection, Inc. (NASDAQ:CNXN) – Equities researchers at Sidoti Csr decreased their Q2 2024 EPS estimates for shares of PC Connection in a research report issued to clients and investors on Monday, April 22nd. Sidoti Csr analyst A. Lebiedzinski now anticipates that the company will earn $0.90 per share for the quarter, down from their prior estimate of $0.92. The consensus estimate for PC Connection’s current full-year earnings is $3.48 per share. Sidoti Csr also issued estimates for PC Connection’s Q2 2025 earnings at $1.03 EPS.

PC Connection (NASDAQ:CNXN) last announced its quarterly earnings data on Wednesday, February 14th. The company reported $0.90 EPS for the quarter, topping analysts’ consensus estimates of $0.88 by $0.02. The company had revenue of $696.47 million during the quarter, compared to the consensus estimate of $673.51 million. PC Connection had a net margin of 2.92% and a return on equity of 10.55%.

Separately, StockNews.com upgraded shares of PC Connection from a “buy” rating to a “strong-buy” rating in a report on Thursday, April 18th.

PC Connection Stock Performance

Shares of PC Connection stock opened at $65.04 on Wednesday. The company has a market cap of $1.71 billion, a P/E ratio of 20.58, a PEG ratio of 1.79 and a beta of 0.66. PC Connection has a one year low of $38.13 and a one year high of $70.55. The firm has a fifty day moving average of $65.33 and a two-hundred day moving average of $63.04.

PC Connection Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, March 15th. Stockholders of record on Tuesday, February 27th were issued a $0.10 dividend. This represents a $0.40 dividend on an annualized basis and a dividend yield of 0.62%. The ex-dividend date of this dividend was Monday, February 26th. This is an increase from PC Connection’s previous quarterly dividend of $0.08. PC Connection’s dividend payout ratio (DPR) is currently 12.66%.

Hedge Funds Weigh In On PC Connection

Large investors have recently made changes to their positions in the stock. Maryland State Retirement & Pension System purchased a new position in shares of PC Connection in the 3rd quarter valued at about $222,000. Arizona State Retirement System acquired a new stake in PC Connection in the 4th quarter valued at about $222,000. Jump Financial LLC acquired a new stake in PC Connection in the 3rd quarter valued at about $272,000. Illinois Municipal Retirement Fund acquired a new stake in PC Connection in the 3rd quarter valued at about $332,000. Finally, Truist Financial Corp acquired a new stake in PC Connection in the 4th quarter valued at about $352,000. Hedge funds and other institutional investors own 42.85% 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.