Analysts Expect PC Connection, Inc. (CNXN) to Announce $0.46 Earnings Per Share

Analysts expect PC Connection, Inc. (NASDAQ:CNXN) to post earnings of $0.46 per share for the current fiscal quarter, according to Zacks Investment Research. Two analysts have provided estimates for PC Connection’s earnings. The lowest EPS estimate is $0.42 and the highest is $0.50. PC Connection reported earnings of $0.42 per share during the same quarter last year, which indicates a positive year over year growth rate of 9.5%. The business is scheduled to announce its next quarterly earnings report on Thursday, May 2nd.

According to Zacks, analysts expect that PC Connection will report full year earnings of $2.44 per share for the current year, with EPS estimates ranging from $2.40 to $2.47. For the next financial year, analysts forecast that the firm will report earnings of $2.62 per share. Zacks’ EPS averages are a mean average based on a survey of sell-side research analysts that follow PC Connection.

PC Connection (NASDAQ:CNXN) last announced its earnings results on Thursday, February 7th. The company reported $0.76 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.62 by $0.14. The business had revenue of $709.50 million during the quarter, compared to analysts’ expectations of $693.49 million. PC Connection had a net margin of 2.39% and a return on equity of 12.41%. The firm’s revenue for the quarter was down 6.9% on a year-over-year basis. During the same quarter last year, the company posted $0.77 EPS.

A number of equities research analysts recently issued reports on CNXN shares. BidaskClub cut shares of PC Connection from a “strong-buy” rating to a “buy” rating in a research report on Wednesday, March 20th. Zacks Investment Research upgraded shares of PC Connection from a “hold” rating to a “buy” rating and set a $38.00 price objective for the company in a research report on Friday, February 8th. ValuEngine cut shares of PC Connection from a “buy” rating to a “hold” rating in a research report on Monday, April 1st. Finally, Sidoti cut shares of PC Connection from a “buy” rating to a “neutral” rating and set a $40.00 price objective for the company. in a research report on Friday, February 15th. Four equities research analysts have rated the stock with a hold rating and one has given a buy rating to the company’s stock. PC Connection presently has an average rating of “Hold” and an average price target of $39.33.

In other news, Director Negrini David Beffa sold 12,300 shares of the firm’s stock in a transaction dated Tuesday, March 5th. The shares were sold at an average price of $40.14, for a total value of $493,722.00. Following the transaction, the director now owns 109,500 shares of the company’s stock, valued at approximately $4,395,330. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Jack L. Ferguson sold 3,000 shares of the firm’s stock in a transaction dated Tuesday, February 19th. The shares were sold at an average price of $41.65, for a total transaction of $124,950.00. Following the completion of the transaction, the director now directly owns 87,680 shares in the company, valued at approximately $3,651,872. The disclosure for this sale can be found here. Company insiders own 57.10% of the company’s stock.

Hedge funds and other institutional investors have recently modified their holdings of the company. Quantamental Technologies LLC bought a new position in shares of PC Connection in the 4th quarter valued at about $39,000. Great West Life Assurance Co. Can bought a new position in shares of PC Connection in the 4th quarter valued at about $58,000. Legal & General Group Plc boosted its stake in shares of PC Connection by 23.6% in the 4th quarter. Legal & General Group Plc now owns 2,255 shares of the company’s stock valued at $67,000 after purchasing an additional 431 shares during the last quarter. PNC Financial Services Group Inc. boosted its stake in shares of PC Connection by 11.5% in the 4th quarter. PNC Financial Services Group Inc. now owns 3,075 shares of the company’s stock valued at $91,000 after purchasing an additional 318 shares during the last quarter. Finally, Citigroup Inc. boosted its stake in shares of PC Connection by 17.6% in the 4th quarter. Citigroup Inc. now owns 3,702 shares of the company’s stock valued at $110,000 after purchasing an additional 554 shares during the last quarter. 41.50% of the stock is currently owned by institutional investors.

Shares of PC Connection stock traded down $0.09 during mid-day trading on Monday, reaching $35.68. 49,651 shares of the stock were exchanged, compared to its average volume of 68,377. The stock has a market capitalization of $940.38 million, a P/E ratio of 15.05, a price-to-earnings-growth ratio of 1.86 and a beta of 1.08. PC Connection has a fifty-two week low of $26.30 and a fifty-two week high of $43.05.

PC Connection Company Profile

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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