CDW (NASDAQ:CDW) Posts Quarterly Earnings Results

CDW (NASDAQ:CDW) announced its quarterly earnings data on Wednesday. The information technology services provider reported $2.40 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $2.33 by $0.07, Zacks reports. CDW had a return on equity of 58.31% and a net margin of 5.33%.

CDW Price Performance

Shares of NASDAQ CDW traded up $8.02 during midday trading on Wednesday, reaching $207.36. 1,217,913 shares of the company were exchanged, compared to its average volume of 1,319,991. CDW has a one year low of $168.43 and a one year high of $263.37. The stock has a market cap of $27.63 billion, a P/E ratio of 25.33, a PEG ratio of 5.39 and a beta of 1.01. The company has a quick ratio of 1.28, a current ratio of 1.40 and a debt-to-equity ratio of 2.39. The stock’s 50-day moving average price is $182.49 and its 200-day moving average price is $202.62.

CDW Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, March 11th. Investors of record on Tuesday, February 25th will be paid a $0.625 dividend. This represents a $2.50 annualized dividend and a yield of 1.21%. CDW’s payout ratio is 30.56%.

Analyst Upgrades and Downgrades

A number of research firms have recently issued reports on CDW. UBS Group cut their price objective on CDW from $233.00 to $220.00 and set a “buy” rating for the company in a research report on Tuesday, January 7th. Barclays cut their price target on CDW from $229.00 to $201.00 and set an “equal weight” rating for the company in a report on Thursday, October 31st. Redburn Atlantic assumed coverage on shares of CDW in a report on Friday, November 15th. They issued a “buy” rating and a $230.00 price objective on the stock. JPMorgan Chase & Co. cut shares of CDW from an “overweight” rating to a “neutral” rating and cut their target price for the stock from $260.00 to $235.00 in a research note on Monday, October 28th. Finally, Morgan Stanley upped their price target on shares of CDW from $190.00 to $193.00 and gave the company an “equal weight” rating in a research note on Monday, December 16th. Four analysts have rated the stock with a hold rating and five have given a buy rating to the company. According to data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $239.33.

About CDW

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.