PC Connection (CNXN) Earning Somewhat Positive News Coverage, Study Finds
News stories about PC Connection (NASDAQ:CNXN) have trended somewhat positive this week, Accern reports. The research firm identifies negative and positive press coverage by analyzing more than 20 million news and blog sources. Accern ranks coverage of companies on a scale of -1 to 1, with scores closest to one being the most favorable. PC Connection earned a news impact score of 0.22 on Accern’s scale. Accern also gave news articles about the company an impact score of 45.6463814228735 out of 100, meaning that recent press coverage is somewhat unlikely to have an effect on the company’s share price in the near term.
A number of equities analysts recently issued reports on the company. Zacks Investment Research cut PC Connection from a “hold” rating to a “sell” rating in a report on Friday, October 20th. ValuEngine upgraded PC Connection from a “hold” rating to a “buy” rating in a report on Tuesday, October 31st. Finally, BidaskClub upgraded PC Connection from a “sell” rating to a “hold” rating in a report on Wednesday, December 20th.
PC Connection (CNXN) opened at $26.34 on Friday. 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 $706.33, a price-to-earnings ratio of 14.88, a P/E/G ratio of 1.56 and a beta of 1.60.
PC Connection (NASDAQ:CNXN) last issued its earnings results on Thursday, October 26th. The company reported $0.49 earnings per share (EPS) for the quarter, hitting analysts’ consensus estimates of $0.49. PC Connection had a return on equity of 10.84% and a net margin of 1.63%. The company had revenue of $729.23 million for the quarter, compared to analysts’ expectations of $727.84 million. During the same period last year, the business earned $0.53 EPS. PC Connection’s quarterly revenue was up 2.9% compared to the same quarter last year. equities analysts expect that PC Connection will post 1.81 EPS for the current year.
The company also recently announced a special dividend, which will be paid on Friday, January 12th. Investors of record on Friday, December 29th will be issued a $0.34 dividend. The ex-dividend date of this dividend is Thursday, December 28th.
In other PC Connection news, Director Barbara Duckett sold 1,123 shares of the firm’s stock in a transaction 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 transaction, the director now directly owns 15,877 shares in the company, valued at approximately $437,570.12. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, CEO Timothy J. Mcgrath sold 5,805 shares of the firm’s stock in a transaction 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. 57.30% of the stock is owned by company insiders.
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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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