CDW (NASDAQ:CDW – Get Free Report) is scheduled to be announcing 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 interested in participating in the company’s conference call can do so using this link.
CDW (NASDAQ:CDW – Get Free Report) last posted its quarterly earnings data on Wednesday, February 7th. The information technology services provider reported $2.57 earnings per share for the quarter, topping the consensus estimate of $2.56 by $0.01. CDW had a return on equity of 73.93% and a net margin of 5.17%. The business had revenue of $5.02 billion during the quarter, compared to analysts’ expectations of $5.32 billion. During the same quarter in the previous year, the firm earned $2.40 EPS. The firm’s revenue was down 7.7% compared to the same quarter last year. On average, analysts expect CDW to post $10 EPS for the current fiscal year and $11 EPS for the next fiscal year.
CDW Price Performance
NASDAQ CDW opened at $240.47 on Wednesday. CDW has a twelve month low of $162.59 and a twelve month high of $263.37. The company has a debt-to-equity ratio of 2.46, a quick ratio of 1.11 and a current ratio of 1.23. The stock has a market capitalization of $32.31 billion, a PE ratio of 29.69, a P/E/G ratio of 2.67 and a beta of 1.09. The stock has a 50-day simple moving average of $247.13 and a 200 day simple moving average of $227.87.
CDW Announces Dividend
The company also recently declared a quarterly dividend, which was paid on Tuesday, March 12th. Investors of record on Monday, February 26th were paid a dividend of $0.62 per share. The ex-dividend date of this dividend was Friday, February 23rd. This represents a $2.48 annualized dividend and a yield of 1.03%. CDW’s dividend payout ratio is 30.62%.
Analysts Set New Price Targets
Several equities analysts recently issued reports on the company. Barclays boosted their price target on CDW from $219.00 to $261.00 and gave the company an “equal weight” rating in a research note on Thursday, February 8th. Evercore ISI increased their target price on CDW from $250.00 to $300.00 and gave the stock an “outperform” rating in a report on Friday, March 22nd. JPMorgan Chase & Co. increased their target price on CDW from $267.00 to $280.00 and gave the stock an “overweight” rating in a report on Thursday, April 11th. Finally, Citigroup increased their target price on CDW from $255.00 to $295.00 and gave the stock a “buy” rating in a report on Thursday, April 4th. Three equities research analysts have rated the stock with a hold rating and five have given a buy rating to the company’s stock. Based on data from MarketBeat, CDW presently has an average rating of “Moderate Buy” and an average price target of $242.67.
View Our Latest Research Report on CDW
CDW Company Profile
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.
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