Equities analysts predict that PCM, Inc. (NASDAQ:PCMI) will post sales of $595.74 million for the current fiscal quarter, Zacks Investment Research reports. Two analysts have issued estimates for PCM’s earnings. The highest sales estimate is $597.00 million and the lowest is $594.48 million. PCM posted sales of $580.99 million in the same quarter last year, which would indicate a positive year-over-year growth rate of 2.5%. The firm is expected to issue its next earnings report on Wednesday, July 26th.
According to Zacks, analysts expect that PCM will report full-year sales of $595.74 million for the current financial year. For the next year, analysts forecast that the firm will report sales of $2.48 billion per share, with estimates ranging from $2.45 billion to $2.52 billion. Zacks Investment Research’s sales averages are an average based on a survey of research analysts that that provide coverage for PCM.
PCM (NASDAQ:PCMI) last announced its earnings results on Thursday, April 27th. The specialty retailer reported $0.30 EPS for the quarter, beating analysts’ consensus estimates of $0.14 by $0.16. PCM had a return on equity of 19.91% and a net margin of 0.94%. The company had revenue of $524.40 million during the quarter, compared to analysts’ expectations of $520.33 million. PCM’s revenue for the quarter was up 5.3% compared to the same quarter last year.
Several brokerages have commented on PCMI. B. Riley restated a “buy” rating and set a $32.00 price target on shares of PCM in a research note on Wednesday, April 26th. Roth Capital set a $34.00 price target on PCM and gave the stock a “buy” rating in a research note on Friday, April 28th. TheStreet upgraded PCM from a “c” rating to a “b-” rating in a research note on Wednesday, February 22nd. Finally, Zacks Investment Research upgraded PCM from a “hold” rating to a “buy” rating and set a $28.00 price target for the company in a research note on Tuesday, May 2nd.
Shares of PCM (NASDAQ:PCMI) traded up 0.27% during trading on Friday, reaching $18.50. The company had a trading volume of 94,569 shares. The firm has a 50-day moving average of $19.65 and a 200 day moving average of $23.76. The firm has a market capitalization of $231.92 million, a price-to-earnings ratio of 11.06 and a beta of 0.91. PCM has a 52 week low of $10.35 and a 52 week high of $31.20.
In other PCM news, insider Simon M. Abuyounes sold 5,000 shares of the company’s stock in a transaction dated Wednesday, March 22nd. The stock was sold at an average price of $25.80, for a total transaction of $129,000.00. Following the completion of the sale, the insider now directly owns 43,127 shares in the company, valued at $1,112,676.60. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Corporate insiders own 30.50% of the company’s stock.
A number of large investors have recently made changes to their positions in PCMI. James Investment Research Inc. bought a new stake in shares of PCM during the first quarter valued at $2,787,000. Navellier & Associates Inc bought a new stake in shares of PCM during the first quarter valued at $466,000. Oberweis Asset Management Inc. increased its stake in shares of PCM by 84.7% in the fourth quarter. Oberweis Asset Management Inc. now owns 21,800 shares of the specialty retailer’s stock valued at $491,000 after buying an additional 10,000 shares during the last quarter. Numeric Investors LLC increased its stake in shares of PCM by 46.2% in the fourth quarter. Numeric Investors LLC now owns 597,526 shares of the specialty retailer’s stock valued at $13,444,000 after buying an additional 188,746 shares during the last quarter. Finally, Bogle Investment Management L P DE increased its stake in shares of PCM by 152.9% in the fourth quarter. Bogle Investment Management L P DE now owns 93,856 shares of the specialty retailer’s stock valued at $2,111,000 after buying an additional 56,745 shares during the last quarter. Institutional investors own 59.58% of the company’s stock.
PCM Company Profile
PCM, Inc is a multi-vendor provider of technology solutions, including hardware products, software and services, offered through its dedicated sales force, field and internal service teams, direct marketing channels, and owned and operated data centers. The Company’s segments include Commercial, Public Sector and Canada.
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