PCM, Inc. (PCMI) Set to Announce Earnings on Tuesday
PCM, Inc. (NASDAQ:PCMI) is scheduled to post its quarterly earnings results after the market closes on Tuesday, October 24th. Analysts expect PCM to post earnings of $0.64 per share for the quarter. PCM has set its Q3 guidance at $0.56-0.62 EPS and its FY17 guidance at $2.00-2.13 EPS.
PCM (NASDAQ:PCMI) last posted its quarterly earnings results on Wednesday, July 26th. The specialty retailer reported $0.44 EPS for the quarter, missing the Zacks’ consensus estimate of $0.46 by ($0.02). PCM had a return on equity of 17.32% and a net margin of 0.73%. The company had revenue of $560.11 million during the quarter, compared to the consensus estimate of $595.74 million. During the same period in the previous year, the business earned $0.68 earnings per share. PCM’s revenue was down 3.6% on a year-over-year basis. On average, analysts expect PCM to post $1.9 EPS for the current fiscal year and $2.17 EPS for the next fiscal year.
PCM, Inc. (NASDAQ:PCMI) opened at 13.55 on Tuesday. The company has a market capitalization of $170.65 million, a price-to-earnings ratio of 10.85 and a beta of 0.88. The stock has a 50 day moving average price of $13.40 and a 200-day moving average price of $18.15. PCM, Inc. has a 12-month low of $11.80 and a 12-month high of $31.20.
PCM declared that its Board of Directors has authorized a stock repurchase program on Wednesday, August 9th that permits the company to repurchase $10.00 million in shares. This repurchase authorization permits the specialty retailer to buy up to 6.6% of its shares through open market purchases. Shares repurchase programs are generally a sign that the company’s board believes its stock is undervalued.
Several research analysts recently weighed in on PCMI shares. BidaskClub raised shares of PCM from a “hold” rating to a “buy” rating in a report on Saturday, July 15th. B. Riley reaffirmed a “buy” rating and issued a $33.00 target price on shares of PCM in a report on Tuesday, July 25th. Finally, ValuEngine downgraded shares of PCM from a “strong-buy” rating to a “buy” rating in a report on Friday, July 28th. One equities research analyst has rated the stock with a sell rating and four have assigned a buy rating to the company’s stock. The stock presently has an average rating of “Buy” and a consensus price target of $28.23.
ILLEGAL ACTIVITY WARNING: This report was published by American Banking News and is owned by of American Banking News. If you are reading this report on another publication, it was illegally copied and republished in violation of United States and international trademark & copyright legislation. The legal version of this report can be viewed at https://www.americanbankingnews.com/2017/10/17/pcm-inc-pcmi-set-to-announce-earnings-on-tuesday.html.
A number of institutional investors have recently modified their holdings of the stock. The Manufacturers Life Insurance Company boosted its holdings in shares of PCM by 16,357.7% during the 2nd quarter. The Manufacturers Life Insurance Company now owns 8,558 shares of the specialty retailer’s stock valued at $160,000 after purchasing an additional 8,506 shares during the last quarter. California State Teachers Retirement System bought a new position in shares of PCM during the 2nd quarter valued at about $334,000. Finally, State Street Corp bought a new position in shares of PCM during the 2nd quarter valued at about $2,176,000. 62.58% of the stock is owned by institutional investors.
PCM Company Profile
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.
Receive News & Ratings for PCM Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for PCM Inc. and related companies with MarketBeat.com's FREE daily email newsletter.