Analysts Expect PC Connection, Inc. (CNXN) Will Announce Earnings of $0.53 Per Share

Brokerages forecast that PC Connection, Inc. (NASDAQ:CNXN) will announce earnings of $0.53 per share for the current fiscal quarter, Zacks Investment Research reports. Two analysts have provided estimates for PC Connection’s earnings. The highest EPS estimate is $0.58 and the lowest is $0.48. PC Connection also reported earnings per share of $0.53 during the same quarter last year. The company is expected to issue its next quarterly earnings report after the market closes on Thursday, February 15th.

According to Zacks, analysts expect that PC Connection will report full-year earnings of $1.81 per share for the current year, with EPS estimates ranging from $1.77 to $1.85. For the next year, analysts anticipate that the business will report earnings of $2.11 per share, with EPS estimates ranging from $2.07 to $2.14. Zacks’ earnings per share averages are an average based on a survey of research analysts that cover PC Connection.

Several equities research analysts have issued reports on CNXN shares. ValuEngine upgraded PC Connection from a “hold” rating to a “buy” rating in a report on Tuesday, October 31st. Zacks Investment Research upgraded PC Connection from a “strong sell” rating to a “hold” rating in a research report on Wednesday, December 27th. Finally, BidaskClub upgraded PC Connection from a “sell” rating to a “hold” rating in a research report on Wednesday, December 20th.

In related news, Director Barbara Duckett sold 1,123 shares of the business’s stock in a transaction that occurred on Tuesday, December 5th. The stock was sold at an average price of $27.56, for a total transaction of $30,949.88. Following the completion of the transaction, the director now owns 15,877 shares in the company, valued at approximately $437,570.12. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, CEO Timothy J. Mcgrath sold 5,805 shares of the business’s stock in a transaction that occurred on Tuesday, November 28th. The shares were sold at an average price of $26.85, for a total value of $155,864.25. The disclosure for this sale can be found here. In the last quarter, insiders sold 16,628 shares of company stock valued at $447,259. Insiders own 57.30% of the company’s stock.

A number of large investors have recently added to or reduced their stakes in the stock. Schwab Charles Investment Management Inc. boosted its position in PC Connection by 0.7% during the 2nd quarter. Schwab Charles Investment Management Inc. now owns 59,671 shares of the company’s stock valued at $1,615,000 after purchasing an additional 394 shares during the period. The Manufacturers Life Insurance Company boosted its position in PC Connection by 8.7% during the 2nd quarter. The Manufacturers Life Insurance Company now owns 9,874 shares of the company’s stock valued at $268,000 after purchasing an additional 790 shares during the period. Parametric Portfolio Associates LLC boosted its position in PC Connection by 6.3% during the 2nd quarter. Parametric Portfolio Associates LLC now owns 25,949 shares of the company’s stock valued at $702,000 after purchasing an additional 1,542 shares during the period. Fenimore Asset Management Inc. boosted its position in PC Connection by 0.7% during the 4th quarter. Fenimore Asset Management Inc. now owns 321,345 shares of the company’s stock valued at $8,422,000 after purchasing an additional 2,370 shares during the period. Finally, Aperio Group LLC boosted its position in PC Connection by 29.6% during the 4th quarter. Aperio Group LLC now owns 12,725 shares of the company’s stock valued at $334,000 after purchasing an additional 2,909 shares during the period. Institutional investors and hedge funds own 40.64% of the company’s stock.

PC Connection (CNXN) opened at $24.17 on Tuesday. The company has a market capitalization of $659.13, a PE ratio of 13.66, a PEG ratio of 1.46 and a beta of 1.52. PC Connection has a twelve month low of $22.66 and a twelve month 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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