PCM Inc (PCMI) Expected to Post Quarterly Sales of $580.75 Million

Equities research analysts forecast that PCM Inc (NASDAQ:PCMI) will announce sales of $580.75 million for the current quarter, according to Zacks. Two analysts have provided estimates for PCM’s earnings, with the highest sales estimate coming in at $585.00 million and the lowest estimate coming in at $576.50 million. PCM posted sales of $586.63 million during the same quarter last year, which suggests a negative year-over-year growth rate of 1%. The company is expected to issue its next earnings report on Wednesday, February 14th.

On average, analysts expect that PCM will report full-year sales of $580.75 million for the current fiscal year. For the next fiscal year, analysts forecast that the company will post sales of $2.31 billion per share, with estimates ranging from $2.30 billion to $2.32 billion. Zacks’ sales averages are an average based on a survey of sell-side research analysts that cover PCM.

PCM (NASDAQ:PCMI) last released its quarterly earnings results on Monday, November 6th. The specialty retailer reported $0.34 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.57 by ($0.23). The company had revenue of $545.50 million for the quarter, compared to analyst estimates of $596.17 million. PCM had a net margin of 0.47% and a return on equity of 14.90%. The company’s quarterly revenue was down 6.7% on a year-over-year basis.

PCMI has been the subject of a number of analyst reports. Roth Capital cut their price target on PCM from $28.00 to $18.50 and set a “buy” rating for the company in a research note on Tuesday, November 7th. B. Riley set a $20.00 price target on PCM and gave the company a “buy” rating in a research note on Thursday, January 4th. TheStreet downgraded PCM from a “b-” rating to a “c” rating in a research note on Monday, November 6th. Zacks Investment Research downgraded PCM from a “hold” rating to a “strong sell” rating in a research note on Saturday, November 11th. Finally, ValuEngine downgraded PCM from a “buy” rating to a “hold” rating in a research note on Sunday, December 31st. One analyst has rated the stock with a sell rating, two have given a hold rating and three have given a buy rating to the stock. The company currently has a consensus rating of “Hold” and a consensus price target of $18.73.

Hedge funds have recently added to or reduced their stakes in the business. Brandywine Global Investment Management LLC purchased a new position in shares of PCM in the 2nd quarter worth approximately $127,000. Rhumbline Advisers purchased a new position in shares of PCM in the 3rd quarter worth approximately $142,000. The Manufacturers Life Insurance Company boosted its stake in shares of PCM by 16,357.7% in the 2nd quarter. The Manufacturers Life Insurance Company now owns 8,558 shares of the specialty retailer’s stock worth $160,000 after buying an additional 8,506 shares during the last quarter. Dynamic Technology Lab Private Ltd purchased a new position in shares of PCM in the 3rd quarter worth approximately $199,000. Finally, Kestrel Investment Management Corp purchased a new position in shares of PCM in the 3rd quarter worth approximately $210,000. Institutional investors and hedge funds own 55.44% of the company’s stock.

PCM (PCMI) traded down $0.53 during mid-day trading on Friday, reaching $7.82. The company’s stock had a trading volume of 173,913 shares, compared to its average volume of 134,388. The firm has a market cap of $98.37, a P/E ratio of 10.57, a P/E/G ratio of 0.16 and a beta of 0.61. The company has a debt-to-equity ratio of 0.26, a current ratio of 1.00 and a quick ratio of 0.85. PCM has a fifty-two week low of $7.70 and a fifty-two week high of $31.20.

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About PCM

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, Canada and United Kingdom.

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