Media coverage about PCM (NASDAQ:PCMI) has trended somewhat positive on Friday, according to Accern. The research firm identifies positive and negative news coverage by monitoring more than 20 million blog and news sources in real-time. Accern ranks coverage of public companies on a scale of negative one to one, with scores closest to one being the most favorable. PCM earned a news sentiment score of 0.11 on Accern’s scale. Accern also assigned news stories about the specialty retailer an impact score of 45.5232135922767 out of 100, indicating that recent news coverage is somewhat unlikely to have an effect on the company’s share price in the immediate future.
PCMI has been the topic of a number of recent research reports. BidaskClub upgraded PCM from a “hold” rating to a “buy” rating in a report on Saturday, July 15th. ValuEngine lowered PCM from a “strong-buy” rating to a “buy” rating in a report on Friday, July 28th. Finally, B. Riley reiterated a “buy” rating and set a $33.00 price target on shares of PCM in a report on Sunday, July 30th. One investment analyst has rated the stock with a sell rating and four have issued a buy rating to the company. The company presently has a consensus rating of “Buy” and a consensus target price of $28.23.
Shares of PCM (NASDAQ:PCMI) traded up 0.181% during mid-day trading on Friday, reaching $13.825. The company had a trading volume of 10,379 shares. PCM has a one year low of $11.80 and a one year high of $31.20. The company has a 50 day moving average price of $13.40 and a 200 day moving average price of $18.38. The company has a market capitalization of $174.11 million, a price-to-earnings ratio of 11.069 and a beta of 0.88.
PCM (NASDAQ:PCMI) last released its quarterly earnings results on Wednesday, July 26th. The specialty retailer reported $0.44 earnings per share for the quarter, missing the consensus estimate of $0.46 by ($0.02). The firm had revenue of $560.11 million for the quarter, compared to the consensus estimate of $595.74 million. PCM had a net margin of 0.73% and a return on equity of 17.32%. PCM’s quarterly revenue was down 3.6% compared to the same quarter last year. During the same period in the previous year, the company earned $0.68 earnings per share. On average, analysts anticipate that PCM will post $2.00 EPS for the current year.
PCM declared that its Board of Directors has approved a share buyback program on Wednesday, August 9th that authorizes the company to repurchase $10.00 million in outstanding shares. This repurchase authorization authorizes the specialty retailer to repurchase up to 6.6% of its shares through open market purchases. Shares repurchase programs are generally an indication that the company’s board believes its shares are undervalued.
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PCM Company Profile
PCM, Inc is a multi-vendor provider of technology solutions, including hardware products, software and services, offered through its dedicated sales force, field and internal service teams, direct marketing channels, and owned and operated data centers. The Company’s segments include Commercial, Public Sector, Canada and United Kingdom.
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