PC Connection (NASDAQ:CNXN – Get Rating) is scheduled to release its earnings data after the market closes on Thursday, November 3rd. Analysts expect PC Connection to post earnings of $0.79 per share for the quarter. Individuals that are interested in registering for the company’s earnings conference call can do so using this link.
PC Connection (NASDAQ:CNXN – Get Rating) last posted its quarterly earnings results on Thursday, August 4th. The company reported $0.96 earnings per share for the quarter, topping analysts’ consensus estimates of $0.76 by $0.20. PC Connection had a return on equity of 12.77% and a net margin of 2.83%. The business had revenue of $828.51 million for the quarter, compared to the consensus estimate of $771.98 million. On average, analysts expect PC Connection to post $3 EPS for the current fiscal year and $3 EPS for the next fiscal year.
PC Connection Stock Performance
CNXN stock opened at $51.71 on Thursday. The company has a market cap of $1.36 billion, a P/E ratio of 15.21 and a beta of 0.65. PC Connection has a fifty-two week low of $40.08 and a fifty-two week high of $54.79. The stock’s 50 day simple moving average is $47.76 and its 200 day simple moving average is $47.07.
Insider Buying and Selling
In other PC Connection news, Director Jack L. Ferguson sold 4,000 shares of the firm’s stock in a transaction dated Wednesday, September 14th. The stock was sold at an average price of $46.36, for a total transaction of $185,440.00. Following the sale, the director now owns 77,680 shares in the company, valued at $3,601,244.80. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. 57.50% of the stock is currently owned by company insiders.
Institutional Inflows and Outflows
A number of institutional investors and hedge funds have recently modified their holdings of CNXN. JPMorgan Chase & Co. grew its stake in shares of PC Connection by 109.4% in the second quarter. JPMorgan Chase & Co. now owns 17,730 shares of the company’s stock worth $782,000 after purchasing an additional 9,264 shares during the last quarter. Panagora Asset Management Inc. bought a new stake in PC Connection during the 1st quarter valued at approximately $757,000. Hsbc Holdings PLC boosted its position in PC Connection by 10.9% during the 1st quarter. Hsbc Holdings PLC now owns 12,594 shares of the company’s stock valued at $676,000 after acquiring an additional 1,235 shares in the last quarter. Citigroup Inc. lifted its holdings in shares of PC Connection by 11.7% during the first quarter. Citigroup Inc. now owns 9,570 shares of the company’s stock valued at $501,000 after purchasing an additional 1,006 shares during the last quarter. Finally, Commonwealth of Pennsylvania Public School Empls Retrmt SYS lifted its holdings in shares of PC Connection by 14.1% during the first quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS now owns 9,490 shares of the company’s stock valued at $497,000 after purchasing an additional 1,170 shares during the last quarter. 41.32% of the stock is owned by institutional investors.
Wall Street Analysts Forecast Growth
Separately, StockNews.com lowered PC Connection from a “strong-buy” rating to a “buy” rating in a report on Tuesday.
PC Connection Company Profile
(Get Rating)
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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