CDW Corp. (CDW) Releases Quarterly Earnings, Beats Estimates By $0.08 EPS
CDW Corp. (NASDAQ:CDW) released its earnings data on Thursday. The company reported $0.54 earnings per share for the quarter, beating the analysts’ consensus estimate of $0.46 by $0.08, American Banking and Market News reports. The company had revenue of $2.71 billion for the quarter, compared to the consensus estimate of $2.74 billion. During the same quarter last year, the company posted $0.38 earnings per share. CDW Corp.’s revenue was up 4.3% compared to the same quarter last year.
On a related note, analysts at Barclays upgraded shares of CDW Corp. from an “equal weight” rating to an “overweight” rating in a research note on Monday, November 25th. They now have a $26.00 price target on the stock, up previously from $24.00. Three analysts have rated the stock with a hold rating and seven have given a buy rating to the stock. The stock currently has a consensus rating of “Buy” and an average target price of $25.86.
CDW Corp. (NASDAQ:CDW) traded up 4.94% on Thursday, hitting $24.84. The stock had a trading volume of 406,235 shares. CDW Corp. has a 52-week low of $17.38 and a 52-week high of $25.58. The stock has a 50-day moving average of $23.75 and a 200-day moving average of $22.91. The company has a market cap of $4.271 billion and a price-to-earnings ratio of 26.72.
The company also recently announced a quarterly dividend, which is scheduled for Monday, March 10th. Stockholders of record on Tuesday, February 25th will be paid a dividend of $0.0425 per share. This represents a $0.17 annualized dividend and a dividend yield of 0.72%.
CDW Corporation (NASDAQ:CDW) is a provider of integrated information technology (IT) solutions in the United States and Canada.
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