Northcoast Research Research Analysts Increase Earnings Estimates for CDW Corp (CDW)

CDW Corp (NASDAQ:CDW) – Investment analysts at Northcoast Research upped their Q3 2018 EPS estimates for CDW in a research report issued to clients and investors on Tuesday. Northcoast Research analyst K. Housum now anticipates that the information technology services provider will earn $1.38 per share for the quarter, up from their previous estimate of $1.18. Northcoast Research also issued estimates for CDW’s Q4 2018 earnings at $1.25 EPS.

A number of other brokerages have also recently weighed in on CDW. Morgan Stanley decreased their price target on shares of CDW from $72.00 to $70.00 and set an “equal weight” rating for the company in a research report on Thursday. Zacks Investment Research upgraded shares of CDW from a “sell” rating to a “hold” rating in a research report on Thursday. Robert W. Baird restated a “buy” rating and issued a $80.00 target price on shares of CDW in a research report on Wednesday. BidaskClub upgraded shares of CDW from a “hold” rating to a “buy” rating in a research report on Monday. Finally, ValuEngine upgraded shares of CDW from a “hold” rating to a “buy” rating in a research report on Sunday, December 31st. One analyst has rated the stock with a sell rating, four have issued a hold rating and seven have assigned a buy rating to the company. The stock presently has a consensus rating of “Buy” and a consensus target price of $72.00.

Shares of CDW (CDW) traded down $1.30 during trading on Wednesday, hitting $67.75. The company had a trading volume of 408,629 shares, compared to its average volume of 911,175. The company has a debt-to-equity ratio of 4.20, a quick ratio of 1.15 and a current ratio of 1.37. The company has a market capitalization of $10,380.00, a P/E ratio of 20.43 and a beta of 1.06. CDW has a one year low of $55.80 and a one year high of $76.73.

CDW (NASDAQ:CDW) last announced its earnings results on Wednesday, February 7th. The information technology services provider reported $0.98 EPS for the quarter, beating analysts’ consensus estimates of $0.93 by $0.05. The company had revenue of $3.84 billion during the quarter, compared to the consensus estimate of $3.85 billion. CDW had a return on equity of 68.41% and a net margin of 3.44%. The firm’s revenue for the quarter was up 9.9% on a year-over-year basis. During the same quarter in the prior year, the company earned $0.86 earnings per share.

A number of large investors have recently modified their holdings of CDW. Piedmont Investment Advisors LLC grew its stake in CDW by 63.8% in the 2nd quarter. Piedmont Investment Advisors LLC now owns 23,562 shares of the information technology services provider’s stock valued at $1,473,000 after buying an additional 9,179 shares during the last quarter. Public Employees Retirement System of Ohio lifted its stake in shares of CDW by 10.5% during the 2nd quarter. Public Employees Retirement System of Ohio now owns 187,917 shares of the information technology services provider’s stock worth $11,750,000 after acquiring an additional 17,849 shares during the last quarter. Toronto Dominion Bank lifted its stake in shares of CDW by 24.8% during the 2nd quarter. Toronto Dominion Bank now owns 1,973 shares of the information technology services provider’s stock worth $123,000 after acquiring an additional 392 shares during the last quarter. Achmea Investment Management B.V. lifted its stake in shares of CDW by 593.8% during the 2nd quarter. Achmea Investment Management B.V. now owns 27,115 shares of the information technology services provider’s stock worth $1,693,000 after acquiring an additional 23,207 shares during the last quarter. Finally, Nationwide Fund Advisors lifted its stake in shares of CDW by 2.1% during the 3rd quarter. Nationwide Fund Advisors now owns 270,818 shares of the information technology services provider’s stock worth $17,874,000 after acquiring an additional 5,478 shares during the last quarter. Hedge funds and other institutional investors own 90.77% of the company’s stock.

In related news, insider Christina M. Corley sold 4,000 shares of the firm’s stock in a transaction that occurred on Monday, December 11th. The shares were sold at an average price of $69.53, for a total transaction of $278,120.00. Following the completion of the sale, the insider now directly owns 43,843 shares in the company, valued at $3,048,403.79. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. Also, insider Jonathan J. Stevens sold 6,700 shares of the firm’s stock in a transaction that occurred on Monday, December 4th. The stock was sold at an average price of $69.30, for a total transaction of $464,310.00. Following the sale, the insider now owns 74,366 shares of the company’s stock, valued at $5,153,563.80. The disclosure for this sale can be found here. Insiders sold 64,396 shares of company stock valued at $4,477,782 over the last quarter. Insiders own 2.60% of the company’s stock.

The business also recently disclosed a quarterly dividend, which will be paid on Monday, March 12th. Stockholders of record on Monday, February 26th will be issued a $0.21 dividend. This represents a $0.84 annualized dividend and a dividend yield of 1.24%. The ex-dividend date is Friday, February 23rd. CDW’s dividend payout ratio (DPR) is presently 25.30%.

ILLEGAL ACTIVITY NOTICE: This piece was posted by Community Financial News and is owned by of Community Financial News. If you are reading this piece on another site, it was stolen and reposted in violation of U.S. and international copyright & trademark legislation. The legal version of this piece can be read at https://www.com-unik.info/2018/02/09/northcoast-research-research-analysts-increase-earnings-estimates-for-cdw-corp-cdw.html.

CDW Company Profile

CDW Corporation (CDW) is a provider of integrated information technology (IT) solutions in the United States, Canada and the United Kingdom. The Company’s segments include Corporate, Public and Other. The Corporate segment consists of private sector business customers in the United States based on employee size between Medium/Large customers, which primarily includes organizations with more than 100 employees, and Small Business customers, which primarily includes organizations with up to 100 employees.

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

Comments

Leave a Reply


share news on Facebook
tweet this investment news
share on linkedin
share on StockTwits
share on Google Plus
share on reddit