PC Connection (CNXN) to Release Quarterly Earnings on Wednesday

PC Connection (NASDAQ:CNXN) is scheduled to be releasing 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. Parties that wish to listen to the company’s conference call can do so using this link.

PC Connection (NASDAQ:CNXN) last issued its quarterly earnings results on Wednesday, July 31st. The company reported $1.00 earnings per share for the quarter, topping analysts’ consensus estimates of $0.83 by $0.17. The company had revenue of $736.48 million for the quarter, compared to analyst estimates of $703.50 million. PC Connection had a return on equity of 10.51% and a net margin of 3.22%. 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 Stock Down 0.0 %

Shares of NASDAQ:CNXN opened at $69.62 on Tuesday. The company has a market cap of $1.83 billion, a P/E ratio of 20.72, a P/E/G ratio of 1.98 and a beta of 0.62. The business has a fifty day simple moving average of $72.51 and a 200-day simple moving average of $68.11. PC Connection has a 52 week low of $51.63 and a 52 week high of $77.19.

PC Connection Announces Dividend

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

Insider Activity

In related news, CEO Timothy J. Mcgrath sold 15,377 shares of PC Connection stock in a transaction on Tuesday, August 6th. The stock was sold at an average price of $70.18, for a total value of $1,079,157.86. Following the transaction, the chief executive officer now owns 277,691 shares in the company, valued at approximately $19,488,354.38. This trade represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Corporate insiders own 56.50% of the company’s stock.

Wall Street Analysts Forecast Growth

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

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.