PC Connection (CNXN) to Release Quarterly Earnings on Wednesday

PC Connection (NASDAQ:CNXN) is scheduled to release its earnings data after the market closes on Wednesday, October 30th. Analysts expect PC Connection to post earnings of $1.00 per share for the quarter. Investors interested in participating in the company’s conference call can do so using this link.

PC Connection (NASDAQ:CNXN) last posted its quarterly earnings results on Wednesday, July 31st. The company reported $1.00 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.83 by $0.17. The company had revenue of $736.48 million during the quarter, compared to the consensus estimate of $703.50 million. PC Connection had a net margin of 3.22% and a return on equity of 10.51%. On average, analysts expect PC Connection to post $4 EPS for the current fiscal year and $4 EPS for the next fiscal year.

PC Connection Price Performance

Shares of NASDAQ:CNXN opened at $69.62 on Tuesday. PC Connection has a 12 month low of $51.63 and a 12 month high of $77.19. The firm has a market capitalization of $1.83 billion, a price-to-earnings ratio of 20.72, a price-to-earnings-growth ratio of 1.98 and a beta of 0.62. The business’s 50 day simple moving average is $72.51 and its 200-day simple moving average is $68.11.

PC Connection Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, August 30th. Shareholders of record on Tuesday, August 13th were given a dividend of $0.10 per share. The ex-dividend date of this dividend was Tuesday, August 13th. This represents a $0.40 dividend on an annualized basis and a yield of 0.57%. PC Connection’s payout ratio is 11.90%.

Analyst Upgrades and Downgrades

Separately, StockNews.com upgraded shares of PC Connection from a “buy” rating to a “strong-buy” rating in a research report on Thursday, August 29th.

Insider Buying and Selling at PC Connection

In other news, CEO Timothy J. Mcgrath sold 15,377 shares of the firm’s stock in a transaction that occurred on Tuesday, August 6th. The shares were sold at an average price of $70.18, for a total transaction of $1,079,157.86. Following the completion of the transaction, the chief executive officer now directly owns 277,691 shares of the company’s stock, valued at $19,488,354.38. This trade represents a 0.00 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Insiders own 56.50% of the company’s stock.

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.