CDW Corporation (CDW) Releases Quarterly Earnings, Beats Estimates By $0.08 EPS
CDW Corporation (NASDAQ:CDW) released its earnings data on Wednesday. The company reported $0.54 earnings per share for the quarter, beating the analysts’ consensus estimate of $0.46 by $0.08, AnalystRatingsNetwork reports. The company had revenue of $2.71 billion for the quarter, compared to the consensus estimate of $2.74 billion.
Shares of CDW Corporation (NASDAQ:CDW) opened at 24.66 on Wednesday. CDW Corporation has a 52-week low of $17.38 and a 52-week high of $25.58. The stock’s 50-day moving average is $23.89 and its 200-day moving average is $22.99. The company has a market cap of $4.168 billion and a P/E ratio of 28.94.
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 0.69%. The ex-dividend date is Friday, February 21st.
Several analysts have recently commented on the stock. Analysts at Barclays raised their price target on shares of CDW Corporation from $26.00 to $29.00 in a research note on Friday, February 14th. They now have an “overweight” rating on the stock. Three investment analysts have rated the stock with a hold rating and seven have issued a buy rating to the stock. CDW Corporation currently has an average rating of “Buy” and an average price target of $26.29.
CDW Corporation (NASDAQ:CDW) is a provider of integrated information technology (IT) solutions in the United States and Canada.
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