Computacenter (LON:CCC) Posts Earnings Results

Computacenter (LON:CCC) announced its quarterly earnings data on Wednesday. The company reported GBX 161.50 ($2.10) earnings per share for the quarter, Digital Look Earnings reports. Computacenter had a return on equity of 17.61% and a net margin of 2.64%.

Computacenter Price Performance

Computacenter stock opened at GBX 2,656 ($34.53) on Wednesday. The firm has a market capitalization of £2.82 billion, a P/E ratio of 17.77, a PEG ratio of 6.99 and a beta of 0.71. Computacenter has a 1 year low of GBX 2,020 ($26.26) and a 1 year high of GBX 3,004 ($39.05). The business has a 50-day moving average of GBX 2,209.22 and a 200-day moving average of GBX 2,287.53. The company has a current ratio of 1.31, a quick ratio of 0.95 and a debt-to-equity ratio of 12.47.

Computacenter Increases Dividend

The business also recently announced a dividend, which will be paid on Friday, July 4th. Stockholders of record on Thursday, June 5th will be given a dividend of GBX 474 ($6.16) per share. This is a positive change from Computacenter’s previous dividend of $23.30. This represents a dividend yield of 1.83%. The ex-dividend date is Thursday, June 5th. Computacenter’s payout ratio is presently 47.51%.

Analyst Upgrades and Downgrades

Several analysts have weighed in on the company. Jefferies Financial Group reissued a “buy” rating and set a GBX 3,400 ($44.20) price objective on shares of Computacenter in a report on Tuesday, December 17th. Berenberg Bank reissued a “hold” rating and set a GBX 2,425 ($31.53) price objective on shares of Computacenter in a report on Tuesday.

About Computacenter

Computacenter is a leading independent technology and services provider, trusted by large corporate and public sector organisations.

We are a responsible business that believes in winning together for our people and our planet. We help our customers to Source, Transform and Manage their technology infrastructure to deliver digital transformation, enabling people and their business.