PC Connection (CNXN) to Release Quarterly Earnings on Wednesday

PC Connection (NASDAQ:CNXNGet Free Report) 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:CNXNGet Free Report) 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.

Read Our Latest Report on CNXN

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

(Get Free Report)

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.

Recommended Stories

Earnings History for PC Connection (NASDAQ:CNXN)

Receive News & Ratings for PC Connection Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for PC Connection and related companies with MarketBeat.com's FREE daily email newsletter.