CDW (CDW) to Release Quarterly Earnings on Wednesday

CDW (NASDAQ:CDW) is scheduled to be announcing its earnings results before the market opens on Wednesday, May 1st. Analysts expect the company to announce earnings of $2.04 per share for the quarter. Investors interested in participating in the company’s conference call can do so using this link.

CDW (NASDAQ:CDW) last posted its quarterly earnings data on Wednesday, February 7th. The information technology services provider reported $2.57 earnings per share for the quarter, topping the consensus estimate of $2.56 by $0.01. CDW had a return on equity of 73.93% and a net margin of 5.17%. The business had revenue of $5.02 billion during the quarter, compared to analysts’ expectations of $5.32 billion. During the same quarter in the previous year, the firm earned $2.40 EPS. The firm’s revenue was down 7.7% compared to the same quarter last year. On average, analysts expect CDW to post $10 EPS for the current fiscal year and $11 EPS for the next fiscal year.

CDW Price Performance

NASDAQ CDW opened at $240.47 on Wednesday. CDW has a twelve month low of $162.59 and a twelve month high of $263.37. The company has a debt-to-equity ratio of 2.46, a quick ratio of 1.11 and a current ratio of 1.23. The stock has a market capitalization of $32.31 billion, a PE ratio of 29.69, a P/E/G ratio of 2.67 and a beta of 1.09. The stock has a 50-day simple moving average of $247.13 and a 200 day simple moving average of $227.87.

CDW declared that its Board of Directors has initiated a stock repurchase plan on Wednesday, February 7th that permits the company to buyback $750.00 million in outstanding shares. This buyback authorization permits the information technology services provider to repurchase up to 2.4% of its stock through open market purchases. Stock buyback plans are usually a sign that the company’s leadership believes its stock is undervalued.

CDW Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Tuesday, March 12th. Investors of record on Monday, February 26th were paid a dividend of $0.62 per share. The ex-dividend date of this dividend was Friday, February 23rd. This represents a $2.48 annualized dividend and a yield of 1.03%. CDW’s dividend payout ratio is 30.62%.

Analysts Set New Price Targets

Several equities analysts recently issued reports on the company. Barclays boosted their price target on CDW from $219.00 to $261.00 and gave the company an “equal weight” rating in a research note on Thursday, February 8th. Evercore ISI increased their target price on CDW from $250.00 to $300.00 and gave the stock an “outperform” rating in a report on Friday, March 22nd. JPMorgan Chase & Co. increased their target price on CDW from $267.00 to $280.00 and gave the stock an “overweight” rating in a report on Thursday, April 11th. Finally, Citigroup increased their target price on CDW from $255.00 to $295.00 and gave the stock a “buy” rating in a report on Thursday, April 4th. Three equities research analysts have rated the stock with a hold rating and five have given a buy rating to the company’s stock. Based on data from MarketBeat, CDW presently has an average rating of “Moderate Buy” and an average price target of $242.67.

CDW Company Profile

CDW Corporation provides information technology (IT) solutions in the United States, the United Kingdom, and Canada. It operates through three segments: Corporate, Small Business, and Public. The company offers discrete hardware and software products and services, as well as integrated IT solutions, including on-premise and cloud capabilities across hybrid infrastructure, digital experience, and security.