CDW (NASDAQ:CDW – Get Free Report) posted its quarterly earnings data on Wednesday. The information technology services provider reported $2.34 EPS for the quarter, missing analysts’ consensus estimates of $2.39 by ($0.05), Zacks reports. The firm had revenue of $5.42 billion during the quarter, compared to the consensus estimate of $5.43 billion. CDW had a return on equity of 67.56% and a net margin of 5.16%. The firm’s quarterly revenue was down 3.6% on a year-over-year basis. During the same period in the prior year, the firm posted $2.43 EPS.
CDW Stock Down 2.1 %
NASDAQ CDW traded down $4.52 on Thursday, reaching $213.59. The stock had a trading volume of 1,591,826 shares, compared to its average volume of 807,250. The business has a 50 day moving average price of $226.07 and a 200 day moving average price of $234.34. The company has a current ratio of 1.26, a quick ratio of 1.13 and a debt-to-equity ratio of 2.35. CDW has a 1 year low of $185.04 and a 1 year high of $263.37. The company has a market capitalization of $28.71 billion, a price-to-earnings ratio of 26.90, a P/E/G ratio of 3.45 and a beta of 1.04.
CDW Dividend Announcement
The company also recently announced a quarterly dividend, which will be paid on Tuesday, September 10th. Shareholders of record on Monday, August 26th will be paid a $0.62 dividend. The ex-dividend date is Monday, August 26th. This represents a $2.48 dividend on an annualized basis and a yield of 1.16%. CDW’s dividend payout ratio (DPR) is currently 30.96%.
Analysts Set New Price Targets
Insider Buying and Selling at CDW
In other CDW news, insider Sona Chawla sold 18,437 shares of the business’s stock in a transaction dated Tuesday, July 16th. The stock was sold at an average price of $240.45, for a total value of $4,433,176.65. Following the completion of the sale, the insider now owns 22,428 shares of the company’s stock, valued at $5,392,812.60. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. Corporate insiders own 0.90% of the company’s stock.
About CDW
CDW Corporation provides information technology (IT) solutions in the United States, the United Kingdom, and Canada. It operates through three segments: Corporate, Small Business, and Public. The company offers discrete hardware and software products and services, as well as integrated IT solutions, including on-premise and cloud capabilities across hybrid infrastructure, digital experience, and security.
Recommended Stories
- Five stocks we like better than CDW
- What Percentage Gainers Tell Investors and Why They Don’t Tell the Whole Story
- First Solar Stock: The Dawn of a New Rally in Share Prices
- Insider Selling Explained: Can it Inform Your Investing Choices?
- Mastercard Stock’s Q2 Financial Results Outshine Competitors
- Dividend Capture Strategy: What You Need to Know
- Tobacco Giant’s Shares Fall on EPS Miss, Lackluster Pouch Gains
Receive News & Ratings for CDW Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for CDW and related companies with MarketBeat.com's FREE daily email newsletter.