PC Connection (CNXN) to Release Earnings on Wednesday

PC Connection (NASDAQ:CNXN) will be releasing its earnings data after the market closes on Wednesday, May 1st. Analysts expect PC Connection to post earnings of $0.66 per share for the quarter. Persons that wish to listen to the company’s earnings conference call can do so using this link.

PC Connection (NASDAQ:CNXN) last announced its quarterly earnings results on Wednesday, February 14th. The company reported $0.90 EPS for the quarter, topping analysts’ consensus estimates of $0.88 by $0.02. PC Connection had a net margin of 2.92% and a return on equity of 10.55%. The firm had revenue of $696.47 million during the quarter, compared to analyst estimates of $673.51 million. On average, analysts expect PC Connection to post $3 EPS for the current fiscal year and $4 EPS for the next fiscal year.

PC Connection Stock Up 4.3 %

Shares of CNXN stock opened at $65.04 on Wednesday. The company has a 50 day moving average price of $65.33 and a 200-day moving average price of $63.04. PC Connection has a 52 week low of $38.13 and a 52 week high of $70.55. The firm has a market capitalization of $1.71 billion, a PE ratio of 20.58, a P/E/G ratio of 1.79 and a beta of 0.66.

PC Connection Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, March 15th. Stockholders of record on Tuesday, February 27th were paid a $0.10 dividend. The ex-dividend date of this dividend was Monday, February 26th. This is a positive change from PC Connection’s previous quarterly dividend of $0.08. This represents a $0.40 dividend on an annualized basis and a dividend yield of 0.62%. PC Connection’s payout ratio is currently 12.66%.

Wall Street Analysts Forecast Growth

Separately, StockNews.com upgraded shares of PC Connection from a “buy” rating to a “strong-buy” rating in a research report on Thursday, April 18th.

About PC Connection

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.