Wall Street analysts expect that PC Connection, Inc. (NASDAQ:CNXN) will announce $755.14 million in sales for the current fiscal quarter, Zacks Investment Research reports. Two analysts have made estimates for PC Connection’s earnings. The highest sales estimate is $770.00 million and the lowest is $740.27 million. PC Connection reported sales of $735.55 million in the same quarter last year, which would suggest a positive year-over-year growth rate of 2.7%. The firm is scheduled to report its next quarterly earnings report on Wednesday, February 7th.

On average, analysts expect that PC Connection will report full-year sales of $755.14 million for the current fiscal year, with estimates ranging from $2.89 billion to $2.92 billion. For the next financial year, analysts forecast that the business will post sales of $3.01 billion per share, with estimates ranging from $2.97 billion to $3.05 billion. Zacks’ sales calculations are a mean average based on a survey of sell-side analysts that follow PC Connection.

PC Connection (NASDAQ:CNXN) last posted its earnings results on Thursday, October 26th. The company reported $0.49 EPS for the quarter, hitting the Thomson Reuters’ consensus estimate of $0.49. PC Connection had a return on equity of 10.84% and a net margin of 1.63%. The business had revenue of $729.23 million during the quarter, compared to analysts’ expectations of $727.84 million. During the same period in the previous year, the business earned $0.53 earnings per share. The firm’s revenue was up 2.9% on a year-over-year basis.

CNXN has been the subject of several recent analyst reports. Roth Capital set a $33.00 target price on PC Connection and gave the stock a “buy” rating in a research report on Friday, July 28th. Zacks Investment Research cut PC Connection from a “hold” rating to a “sell” rating in a research report on Friday, October 20th. Finally, ValuEngine upgraded PC Connection from a “hold” rating to a “buy” rating in a research report on Tuesday, October 31st.

PC Connection (CNXN) traded up $0.08 during trading on Tuesday, reaching $26.51. The company had a trading volume of 43,200 shares, compared to its average volume of 47,182. PC Connection has a twelve month low of $23.52 and a twelve month high of $30.48. The stock has a market capitalization of $713.56, a PE ratio of 14.44, a price-to-earnings-growth ratio of 1.83 and a beta of 1.60.

In other news, Director Negrini David Beffa sold 20,000 shares of the company’s stock in a transaction dated Tuesday, September 12th. The stock was sold at an average price of $26.00, for a total value of $520,000.00. Following the completion of the transaction, the director now directly owns 129,800 shares in the company, valued at approximately $3,374,800. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. 57.30% of the stock is currently owned by corporate insiders.

Hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Legal & General Group Plc bought a new stake in shares of PC Connection in the 1st quarter valued at about $102,000. Dubuque Bank & Trust Co. lifted its stake in shares of PC Connection by 64.9% in the 2nd quarter. Dubuque Bank & Trust Co. now owns 5,779 shares of the company’s stock valued at $156,000 after acquiring an additional 2,275 shares during the last quarter. Victory Capital Management Inc. lifted its stake in shares of PC Connection by 17.6% in the 2nd quarter. Victory Capital Management Inc. now owns 6,892 shares of the company’s stock valued at $186,000 after acquiring an additional 1,033 shares during the last quarter. American International Group Inc. bought a new stake in shares of PC Connection in the 1st quarter valued at about $208,000. Finally, Cigna Investments Inc. New bought a new stake in shares of PC Connection in the 2nd quarter valued at about $215,000. 40.96% of the stock is owned by institutional investors.

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About PC Connection

PC Connection, Inc is a provider of a range of information technology (IT) solutions. The Company conducts its business operations through three business segments: small- to medium-sized businesses (SMB), Large Account and Public Sector. The Company enables customers to design, enable, manage and service their IT environments.

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