Earnings results for PC Connection (NASDAQ:CNXN)
PC Connection, Inc. is expected* to report earnings on 05/06/2021 after market close. The report will be for the fiscal Quarter ending Mar 2021. According to Zacks Investment Research, based on 1 analysts’ forecasts, the consensus EPS forecast for the quarter is $0.39. The reported EPS for the same quarter last year was $0.56.
PC Connection last released its quarterly earnings results on February 24th, 2021. The reported $0.62 EPS for the quarter, hitting analysts’ consensus estimates of $0.62. The business had revenue of $675.69 million for the quarter, compared to the consensus estimate of $651.84 million. PC Connection has generated $3.12 earnings per share over the last year and currently has a price-to-earnings ratio of 20.5. PC Connection has confirmed that its next quarterly earnings report will be published on Thursday, May 6th, 2021.
Analyst Opinion on PC Connection (NASDAQ:CNXN)
1 Wall Street analysts have issued ratings and price targets for PC Connection in the last 12 months. Their average twelve-month price target is $50.00, predicting that the stock has a possible upside of 5.17%. The high price target for CNXN is $50.00 and the low price target for CNXN is $50.00. There are currently 1 hold rating for the stock, resulting in a consensus rating of “Hold.”
PC Connection has received a consensus rating of Hold. The company’s average rating score is 2.00, and is based on no buy ratings, 1 hold rating, and no sell ratings. According to analysts’ consensus price target of $50.00, PC Connection has a forecasted upside of 5.2% from its current price of $47.54. PC Connection has received no research coverage in the past 90 days.
Dividend Strength: PC Connection (NASDAQ:CNXN)
PC Connection does not currently pay a dividend. PC Connection does not have a long track record of dividend growth.
Insiders buying/selling: PC Connection (NASDAQ:CNXN)
In the past three months, PC Connection insiders have sold more of their company’s stock than they have bought. Specifically, they have bought $0.00 in company stock and sold $141,330.00 in company stock. 58.10% of the stock of PC Connection is held by insiders. A high percentage of insider ownership can be a sign of company health. 44.02% of the stock of PC Connection is held by institutions. High institutional ownership can be a signal of strong market trust in this company.
Earnings and Valuation of PC Connection (NASDAQ:CNXN
Earnings for PC Connection are expected to grow by 27.40% in the coming year, from $2.08 to $2.65 per share. The P/E ratio of PC Connection is 20.49, which means that it is trading at a less expensive P/E ratio than the market average P/E ratio of about 23.88. The P/E ratio of PC Connection is 20.49, which means that it is trading at a less expensive P/E ratio than the Retail/Wholesale sector average P/E ratio of about 36.19. PC Connection has a P/B Ratio of 2.09. P/B Ratios below 3 indicates that a company is reasonably valued with respect to its assets and liabilities.
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