CDW (NASDAQ:CDW) posted its quarterly earnings data on Wednesday. The information technology services provider reported $1.42 earnings per share for the quarter, topping the consensus estimate of $1.34 by $0.08, MarketWatch Earnings reports. CDW had a net margin of 3.99% and a return on equity of 71.09%. The firm had revenue of $4.37 billion during the quarter, compared to analysts’ expectations of $4.24 billion. During the same quarter in the previous year, the company posted $1.08 EPS. CDW’s revenue was up 11.2% on a year-over-year basis.
NASDAQ CDW traded up $9.51 on Wednesday, reaching $89.77. The company had a trading volume of 40,465 shares, compared to its average volume of 850,377. The firm has a market cap of $12.06 billion, a PE ratio of 23.03 and a beta of 1.06. The company has a current ratio of 1.36, a quick ratio of 1.16 and a debt-to-equity ratio of 3.00. CDW has a 1-year low of $65.59 and a 1-year high of $90.50.
Several brokerages have commented on CDW. Raymond James upgraded shares of CDW from an “underperform” rating to a “market perform” rating in a research report on Wednesday, July 18th. Northcoast Research reissued a “buy” rating and issued a $93.00 price target on shares of CDW in a report on Friday, July 20th. Stifel Nicolaus reissued a “buy” rating and issued a $92.00 price target on shares of CDW in a report on Monday, July 23rd. Zacks Investment Research raised shares of CDW from a “hold” rating to a “buy” rating and set a $97.00 price target for the company in a report on Tuesday, July 24th. Finally, BidaskClub lowered shares of CDW from a “strong-buy” rating to a “buy” rating in a report on Wednesday, July 25th. Five equities research analysts have rated the stock with a hold rating and seven have issued a buy rating to the company. CDW currently has an average rating of “Buy” and an average price target of $86.44.
CDW Corporation provides integrated information technology (IT) solutions to business, government, education, and healthcare customers in the United States, Canada, and the United Kingdom. It operates through three segments: Corporate, Small Business, and Public. The company offers discrete hardware and software products, as well as integrated IT solutions, including mobility, security, data center optimization, cloud computing, virtualization, and collaboration.
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