Brokerages expect CDW Corp (NASDAQ:CDW) to post $3.84 billion in sales for the current fiscal quarter, according to Zacks Investment Research. Seven analysts have made estimates for CDW’s earnings. The highest sales estimate is $3.86 billion and the lowest is $3.81 billion. CDW reported sales of $3.49 billion during the same quarter last year, which would suggest a positive year-over-year growth rate of 10%. The business is scheduled to issue its next quarterly earnings report on Tuesday, February 6th.

According to Zacks, analysts expect that CDW will report full-year sales of $3.84 billion for the current financial year, with estimates ranging from $15.16 billion to $15.22 billion. For the next fiscal year, analysts expect that the business will post sales of $16.02 billion per share, with estimates ranging from $15.85 billion to $16.22 billion. Zacks’ sales calculations are an average based on a survey of research analysts that cover CDW.

CDW (NASDAQ:CDW) last posted its quarterly earnings data on Wednesday, November 1st. The information technology services provider reported $1.08 earnings per share for the quarter, beating the Zacks’ consensus estimate of $1.02 by $0.06. CDW had a net margin of 2.90% and a return on equity of 62.71%. The business had revenue of $4.03 billion for the quarter, compared to analysts’ expectations of $3.99 billion. During the same quarter in the previous year, the business posted $0.97 earnings per share. The business’s revenue was up 8.8% compared to the same quarter last year.

CDW has been the topic of a number of analyst reports. Zacks Investment Research cut shares of CDW from a “buy” rating to a “hold” rating in a research report on Friday, December 1st. Needham & Company LLC reissued a “buy” rating and set a $71.00 target price on shares of CDW in a research note on Monday, September 18th. BidaskClub raised shares of CDW from a “hold” rating to a “buy” rating in a research note on Thursday, September 28th. Stifel Nicolaus reissued a “buy” rating and set a $70.00 target price on shares of CDW in a research note on Tuesday, October 17th. Finally, Raymond James Financial lowered shares of CDW from a “market perform” rating to an “underperform” rating in a research note on Friday, October 13th. One research analyst has rated the stock with a sell rating, four have assigned a hold rating, six have assigned a buy rating and two have assigned a strong buy rating to the company. The company has a consensus rating of “Buy” and an average price target of $67.85.

In related news, insider Christine A. Leahy sold 12,000 shares of the company’s stock in a transaction dated Wednesday, October 11th. The shares were sold at an average price of $69.94, for a total value of $839,280.00. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, insider Thomas E. Richards sold 14,503 shares of the company’s stock in a transaction dated Friday, October 13th. The stock was sold at an average price of $67.97, for a total transaction of $985,768.91. The disclosure for this sale can be found here. Insiders have sold 124,027 shares of company stock valued at $8,479,593 over the last three months. Insiders own 2.60% of the company’s stock.

A number of large investors have recently added to or reduced their stakes in CDW. Lloyds Banking Group plc purchased a new stake in CDW in the third quarter worth about $108,000. Toronto Dominion Bank lifted its stake in CDW by 24.8% in the second quarter. Toronto Dominion Bank now owns 1,973 shares of the information technology services provider’s stock worth $123,000 after acquiring an additional 392 shares during the period. Massey Quick Simon & CO. LLC purchased a new stake in CDW in the third quarter worth about $257,000. Financial Counselors Inc. lifted its stake in CDW by 16.7% in the second quarter. Financial Counselors Inc. now owns 4,339 shares of the information technology services provider’s stock worth $271,000 after acquiring an additional 621 shares during the period. Finally, Nordea Investment Management AB lifted its stake in CDW by 110.9% in the third quarter. Nordea Investment Management AB now owns 7,184 shares of the information technology services provider’s stock worth $474,000 after acquiring an additional 3,777 shares during the period. 90.55% of the stock is owned by institutional investors.

CDW (CDW) opened at $72.94 on Friday. The company has a debt-to-equity ratio of 4.20, a quick ratio of 1.15 and a current ratio of 1.37. CDW has a 1 year low of $50.49 and a 1 year high of $73.57. The firm has a market cap of $11,164.42, a price-to-earnings ratio of 27.01 and a beta of 1.06.

The business also recently announced a quarterly dividend, which was paid on Monday, December 11th. Stockholders of record on Friday, November 24th were paid a dividend of $0.21 per share. This is a positive change from CDW’s previous quarterly dividend of $0.16. This represents a $0.84 dividend on an annualized basis and a dividend yield of 1.15%. The ex-dividend date was Wednesday, November 22nd. CDW’s payout ratio is currently 31.11%.

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About CDW

CDW Corporation (CDW) is a provider of integrated information technology (IT) solutions in the United States, Canada and the United Kingdom. The Company’s segments include Corporate, Public and Other. The Corporate segment consists of private sector business customers in the United States based on employee size between Medium/Large customers, which primarily includes organizations with more than 100 employees, and Small Business customers, which primarily includes organizations with up to 100 employees.

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