Zacks Research Estimates CDW’s FY2027 Earnings (NASDAQ:CDW)

CDW Co. (NASDAQ:CDW) – Zacks Research issued their FY2027 earnings per share (EPS) estimates for shares of CDW in a research report issued on Tuesday, March 18th. Zacks Research analyst R. Department anticipates that the information technology services provider will post earnings per share of $11.37 for the year. The consensus estimate for CDW’s current full-year earnings is $9.41 per share.

Other equities analysts also recently issued research reports about the company. Morgan Stanley raised their price target on CDW from $193.00 to $201.00 and gave the stock an “equal weight” rating in a research report on Thursday, February 6th. UBS Group dropped their price target on CDW from $233.00 to $220.00 and set a “buy” rating for the company in a research report on Tuesday, January 7th. Finally, Barclays lifted their price objective on CDW from $201.00 to $223.00 and gave the company an “equal weight” rating in a research report on Thursday, February 6th. Four research analysts have rated the stock with a hold rating and five have given a buy rating to the stock. Based on data from MarketBeat, the company currently has an average rating of “Moderate Buy” and an average target price of $242.67.

CDW Stock Performance

CDW stock opened at $168.09 on Thursday. The company has a debt-to-equity ratio of 2.38, a quick ratio of 1.24 and a current ratio of 1.35. The stock has a fifty day moving average of $184.75 and a two-hundred day moving average of $193.78. The company has a market capitalization of $22.27 billion, a price-to-earnings ratio of 21.09, a PEG ratio of 3.21 and a beta of 1.01. CDW has a fifty-two week low of $162.84 and a fifty-two week high of $263.37.

CDW (NASDAQ:CDW) last released its quarterly earnings data on Wednesday, February 5th. The information technology services provider reported $2.40 earnings per share for the quarter, beating the consensus estimate of $2.33 by $0.07. CDW had a return on equity of 55.42% and a net margin of 5.13%.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Orion Capital Management LLC acquired a new position in CDW in the fourth quarter valued at $30,000. Allworth Financial LP boosted its holdings in CDW by 39.7% in the fourth quarter. Allworth Financial LP now owns 183 shares of the information technology services provider’s stock valued at $32,000 after acquiring an additional 52 shares during the last quarter. OFI Invest Asset Management acquired a new position in shares of CDW during the fourth quarter worth about $32,000. Parkside Financial Bank & Trust lifted its stake in shares of CDW by 38.9% during the fourth quarter. Parkside Financial Bank & Trust now owns 207 shares of the information technology services provider’s stock worth $36,000 after purchasing an additional 58 shares in the last quarter. Finally, Optiver Holding B.V. lifted its stake in shares of CDW by 107.2% during the fourth quarter. Optiver Holding B.V. now owns 230 shares of the information technology services provider’s stock worth $40,000 after purchasing an additional 119 shares in the last quarter. Institutional investors and hedge funds own 93.15% of the company’s stock.

CDW Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Tuesday, March 11th. Investors of record on Tuesday, February 25th were issued a $0.625 dividend. This represents a $2.50 dividend on an annualized basis and a yield of 1.49%. The ex-dividend date was Tuesday, February 25th. CDW’s payout ratio is currently 31.37%.

CDW declared that its Board of Directors has approved a share buyback program on Wednesday, February 5th that authorizes the company to buyback $750.00 million in outstanding shares. This buyback authorization authorizes the information technology services provider to buy up to 2.7% of its stock through open market purchases. Stock buyback programs are typically an indication that the company’s board of directors believes its stock is undervalued.

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.