Analysts predict that CDW (NASDAQ:CDW) will report earnings per share of $1.33 for the current quarter, Zacks reports. Five analysts have made estimates for CDW’s earnings. The highest EPS estimate is $1.36 and the lowest is $1.30. CDW posted earnings of $1.08 per share in the same quarter last year, which would suggest a positive year over year growth rate of 23.1%. The business is expected to issue its next quarterly earnings results on Wednesday, November 7th.

On average, analysts expect that CDW will report full year earnings of $4.97 per share for the current fiscal year, with EPS estimates ranging from $4.95 to $4.99. For the next fiscal year, analysts forecast that the firm will post earnings of $5.42 per share, with EPS estimates ranging from $5.30 to $5.51. Zacks Investment Research’s EPS averages are an average based on a survey of sell-side analysts that that provide coverage for CDW.

CDW (NASDAQ:CDW) last released its earnings results on Thursday, August 2nd. The information technology services provider reported $1.38 earnings per share for the quarter, topping the Zacks’ consensus estimate of $1.24 by $0.14. CDW had a net margin of 3.99% and a return on equity of 71.09%. The firm had revenue of $4.19 billion for the quarter, compared to analyst estimates of $4.16 billion. During the same period in the prior year, the firm earned $1.03 earnings per share. The business’s quarterly revenue was up 7.6% compared to the same quarter last year.

A number of research firms recently weighed in on CDW. Needham & Company LLC upped their target price on shares of CDW from $84.00 to $100.00 and gave the stock a “buy” rating in a research note on Friday, August 3rd. Stifel Nicolaus restated a “buy” rating and set a $92.00 target price on shares of CDW in a research note on Monday, July 23rd. Northcoast Research restated a “buy” rating and set a $93.00 target price on shares of CDW in a research note on Friday, July 20th. Raymond James upgraded shares of CDW from an “underperform” rating to a “market perform” rating in a research note on Wednesday, July 18th. Finally, Morgan Stanley upped their target price on shares of CDW from $78.00 to $89.00 and gave the stock an “equal weight” rating in a research note on Friday, August 3rd. Five research analysts have rated the stock with a hold rating and seven have given a buy rating to the company. The company currently has an average rating of “Buy” and an average price target of $87.00.

Shares of CDW stock traded down $0.73 during trading hours on Friday, reaching $85.67. 801,834 shares of the stock were exchanged, compared to its average volume of 826,022. The company has a debt-to-equity ratio of 3.00, a quick ratio of 1.16 and a current ratio of 1.36. CDW has a 12-month low of $65.59 and a 12-month high of $90.50. The firm has a market capitalization of $13.46 billion, a price-to-earnings ratio of 22.08 and a beta of 1.06.

The business also recently declared a quarterly dividend, which was paid on Monday, September 10th. Shareholders of record on Friday, August 24th were paid a $0.21 dividend. The ex-dividend date was Thursday, August 23rd. This represents a $0.84 annualized dividend and a yield of 0.98%. CDW’s dividend payout ratio is currently 21.65%.

In other CDW news, insider Christine A. Leahy sold 17,500 shares of the stock in a transaction that occurred on Tuesday, July 10th. The shares were sold at an average price of $84.08, for a total value of $1,471,400.00. Following the transaction, the insider now directly owns 79,288 shares in the company, valued at $6,666,535.04. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, insider Thomas E. Richards sold 17,112 shares of the stock in a transaction that occurred on Thursday, July 12th. The shares were sold at an average price of $84.71, for a total transaction of $1,449,557.52. Following the completion of the transaction, the insider now owns 617,187 shares in the company, valued at $52,281,910.77. The disclosure for this sale can be found here. Insiders sold 122,360 shares of company stock worth $10,546,965 over the last quarter. 2.60% of the stock is currently owned by insiders.

Several institutional investors and hedge funds have recently made changes to their positions in the company. Pensionfund DSM Netherlands purchased a new position in shares of CDW during the third quarter worth approximately $2,401,000. Pensionfund Sabic purchased a new position in shares of CDW during the third quarter worth approximately $1,689,000. United Services Automobile Association grew its position in shares of CDW by 15.0% during the second quarter. United Services Automobile Association now owns 333,777 shares of the information technology services provider’s stock worth $26,966,000 after acquiring an additional 43,613 shares during the last quarter. Royal London Asset Management Ltd. purchased a new position in shares of CDW during the second quarter worth approximately $6,685,000. Finally, Northern Trust Corp grew its position in shares of CDW by 1.9% during the second quarter. Northern Trust Corp now owns 1,171,168 shares of the information technology services provider’s stock worth $94,620,000 after acquiring an additional 21,755 shares during the last quarter. Institutional investors and hedge funds own 89.23% of the company’s stock.

CDW Company Profile

CDW Corporation provides integrated information technology (IT) solutions to business, government, education, and healthcare customers in the United States, Canada, and the United Kingdom. It operates through three segments: Corporate, Small Business, and Public. The company offers discrete hardware and software products, as well as integrated IT solutions, including mobility, security, data center optimization, cloud computing, virtualization, and collaboration.

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