PC Connection (NASDAQ:CNXN) Announces Quarterly Earnings Results

PC Connection (NASDAQ:CNXN) posted its quarterly earnings data on Wednesday. The company reported $0.50 EPS for the quarter, missing the consensus estimate of $0.64 by ($0.14), Zacks reports. PC Connection had a return on equity of 10.55% and a net margin of 2.92%. The firm had revenue of $632.03 million for the quarter, compared to analysts’ expectations of $694.19 million. During the same quarter last year, the firm posted $0.56 earnings per share.

PC Connection Trading Down 4.3 %

NASDAQ:CNXN traded down $2.67 during trading hours on Thursday, hitting $59.29. 101,971 shares of the stock were exchanged, compared to its average volume of 69,898. The firm’s fifty day moving average price is $64.87 and its 200 day moving average price is $63.41. The company has a market cap of $1.56 billion, a P/E ratio of 18.76, a P/E/G ratio of 1.78 and a beta of 0.67. PC Connection has a 52-week low of $38.13 and a 52-week high of $70.55.

PC Connection Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, March 15th. Shareholders of record on Tuesday, February 27th were paid a dividend of $0.10 per share. This is a positive change from PC Connection’s previous quarterly dividend of $0.08. This represents a $0.40 annualized dividend and a yield of 0.67%. The ex-dividend date of this dividend was Monday, February 26th. PC Connection’s payout ratio is 12.66%.

Wall Street Analyst Weigh In

Separately, StockNews.com lowered PC Connection from a “strong-buy” rating to a “buy” rating in a research note on Friday, April 26th.

PC Connection Company Profile

PC Connection, Inc, together with its subsidiaries, provides a range of information technology (IT) solutions. The company operates through three segments: Business Solutions, Enterprise Solutions, and Public Sector Solutions. It offers IT products, such as computer systems, software and peripheral equipment, networking communications, and other products and accessories.