Equities analysts expect PC Connection, Inc. (NASDAQ:CNXN) to report earnings per share of $0.53 for the current quarter, Zacks reports. Two analysts have provided estimates for PC Connection’s earnings, with the highest EPS estimate coming in at $0.58 and the lowest estimate coming in at $0.48. PC Connection also posted earnings per share of $0.53 during the same quarter last year. The company is scheduled to issue its next quarterly earnings report on Wednesday, February 7th.

On average, analysts expect that PC Connection will report full-year earnings of $1.81 per share for the current financial year, with EPS estimates ranging from $1.77 to $1.85. For the next year, analysts forecast that the firm will post earnings of $2.11 per share, with EPS estimates ranging from $2.07 to $2.14. Zacks Investment Research’s EPS calculations are an average based on a survey of analysts that that provide coverage for PC Connection.

PC Connection (NASDAQ:CNXN) last announced its quarterly earnings data on Thursday, October 26th. The company reported $0.49 EPS for the quarter, meeting the Thomson Reuters’ consensus estimate of $0.49. The firm had revenue of $729.23 million during the quarter, compared to analyst estimates of $727.84 million. PC Connection had a net margin of 1.63% and a return on equity of 10.84%. PC Connection’s revenue was up 2.9% on a year-over-year basis. During the same period last year, the firm posted $0.53 EPS.

CNXN has been the subject of several research analyst reports. Zacks Investment Research lowered shares of PC Connection from a “hold” rating to a “sell” rating in a research report on Friday, October 20th. ValuEngine upgraded shares of PC Connection from a “hold” rating to a “buy” rating in a report on Tuesday, October 31st.

In other news, Director Negrini David Beffa sold 20,000 shares of the firm’s stock in a transaction that occurred on Tuesday, September 12th. The shares were sold at an average price of $26.00, for a total transaction of $520,000.00. Following the sale, the director now owns 129,800 shares of the company’s stock, valued at approximately $3,374,800. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, CEO Timothy J. Mcgrath sold 5,805 shares of the firm’s stock in a transaction that occurred on Tuesday, November 28th. The stock was sold at an average price of $26.85, for a total transaction of $155,864.25. The disclosure for this sale can be found here. 57.30% of the stock is currently owned by corporate insiders.

Several hedge funds and other institutional investors have recently modified their holdings of CNXN. Legal & General Group Plc acquired a new stake in PC Connection in the 1st quarter valued at $102,000. Victory Capital Management Inc. grew its stake in 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 period. Cigna Investments Inc. New acquired a new stake in PC Connection in the 2nd quarter valued at $215,000. Aperio Group LLC acquired a new stake in PC Connection in the 2nd quarter valued at $241,000. Finally, Metropolitan Life Insurance Co. NY acquired a new stake in PC Connection in the 1st quarter valued at $245,000. 41.18% of the stock is currently owned by institutional investors and hedge funds.

PC Connection (CNXN) opened at $26.68 on Thursday. The company has a market cap of $722.68, a P/E ratio of 14.73, a P/E/G ratio of 1.86 and a beta of 1.59. PC Connection has a 1 year low of $23.52 and a 1 year high of $30.48.

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PC Connection Company Profile

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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