PC Connection (NASDAQ:CNXN – Get Free Report) is set to announce its earnings results after the market closes on Wednesday, July 31st. Analysts expect the company to announce earnings of $0.83 per share for the quarter. Parties that wish to listen to the company’s conference call can do so using this link.
PC Connection (NASDAQ:CNXN – Get Free Report) last posted its quarterly earnings data on Wednesday, May 1st. The company reported $0.50 earnings per share for the quarter, missing analysts’ consensus estimates of $0.64 by ($0.14). The firm had revenue of $632.03 million during the quarter, compared to analysts’ expectations of $694.19 million. PC Connection had a net margin of 2.98% and a return on equity of 10.10%. During the same period in the previous year, the company earned $0.56 earnings per share. 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 Performance
Shares of CNXN opened at $68.02 on Tuesday. PC Connection has a one year low of $47.42 and a one year high of $70.55. The stock has a 50-day moving average price of $65.54 and a 200 day moving average price of $65.30. The company has a market capitalization of $1.79 billion, a P/E ratio of 21.80, a P/E/G ratio of 2.05 and a beta of 0.61.
PC Connection Announces Dividend
Insider Transactions at PC Connection
In other news, Director Barbara Duckett sold 1,000 shares of the stock in a transaction dated Thursday, May 16th. The shares were sold at an average price of $68.08, for a total transaction of $68,080.00. Following the transaction, the director now owns 13,877 shares of the company’s stock, valued at $944,746.16. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Insiders own 56.90% of the company’s stock.
Wall Street Analyst Weigh In
Separately, StockNews.com lowered shares of PC Connection from a “strong-buy” rating to a “buy” rating in a research note on Friday, April 26th.
View Our Latest Research Report on CNXN
About PC Connection
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.
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