PC Connection (CNXN) Scheduled to Post Quarterly Earnings on Thursday | Biden News

PC Connection (CNXN) Scheduled to Post Quarterly Earnings on Thursday

 | Biden News

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PC Connection (NASDAQ:CNXN – Get Rating ) is scheduled to release its earnings after the market closes on Thursday, November 3rd. Analysts expect PC Connection to post earnings of $0.79 per share for the quarter. Individuals 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 that PC Connection will post $3 EPS for the current fiscal year and $3 EPS for the next fiscal year.

Computer 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.

Internal Buying and Selling

In other PC Connection news, Director Jack L. Ferguson sold 4,000 shares of the company’s stock in a transaction dated Wednesday, September 14th. The shares were 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 on the SEC website. 57.50% of the shares are 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 holdings 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. purchased a new stake in PC Connection during the first 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 buying an additional 1,006 shares during the last quarter. Finally, Community of Pennsylvania Public School Empls Retrmt SYS raised 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 shares are owned by institutional investors.

Wall Street Analysts Anticipate Growth

Separately, StockNews.com downgraded PC Connection from a “strong-buy” rating to a “buy” rating in a report on Tuesday.

Computer 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.

See also

Earnings History for PC Connection (NASDAQ:CNXN)

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