PCM (NASDAQ:PCMI) posted its quarterly earnings data on Wednesday. The specialty retailer reported $0.34 EPS for the quarter, topping the Zacks’ consensus estimate of $0.29 by $0.05, Bloomberg Earnings reports. PCM had a return on equity of 11.33% and a net margin of 0.14%. The company had revenue of $542.83 million for the quarter, compared to the consensus estimate of $539.35 million.

Shares of PCMI traded up $1.75 during midday trading on Thursday, reaching $12.30. The stock had a trading volume of 542,133 shares, compared to its average volume of 181,150. PCM has a 52 week low of $6.90 and a 52 week high of $30.75. The company has a debt-to-equity ratio of 0.26, a quick ratio of 0.80 and a current ratio of 0.99. The company has a market capitalization of $122.64, a PE ratio of 11.39, a P/E/G ratio of 0.19 and a beta of 0.57.

In related news, major shareholder Jb Capital Partners Lp bought 30,500 shares of the firm’s stock in a transaction that occurred on Friday, April 6th. The shares were acquired at an average cost of $8.07 per share, for a total transaction of $246,135.00. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. 24.00% of the stock is currently owned by insiders.

Several hedge funds and other institutional investors have recently modified their holdings of the stock. The Manufacturers Life Insurance Company grew its holdings in shares of PCM by 16,357.7% in the 2nd quarter. The Manufacturers Life Insurance Company now owns 8,558 shares of the specialty retailer’s stock worth $160,000 after acquiring an additional 8,506 shares during the last quarter. California State Teachers Retirement System acquired a new position in shares of PCM in the 2nd quarter worth $334,000. Finally, State Street Corp acquired a new position in shares of PCM in the 2nd quarter worth $2,176,000. Institutional investors and hedge funds own 53.21% of the company’s stock.

PCMI has been the topic of a number of research reports. Roth Capital set a $15.00 price objective on PCM and gave the stock a “buy” rating in a research note on Thursday, March 8th. B. Riley set a $9.00 price objective on PCM and gave the stock a “buy” rating in a research note on Tuesday, March 6th. TheStreet downgraded PCM from a “c” rating to a “d+” rating in a research note on Thursday, March 8th. Zacks Investment Research raised PCM from a “strong sell” rating to a “hold” rating in a research note on Wednesday, January 10th. Finally, ValuEngine downgraded PCM from a “buy” rating to a “hold” rating in a research note on Sunday, December 31st. One research analyst has rated the stock with a sell rating, one has issued a hold rating and three have assigned a buy rating to the stock. The stock currently has an average rating of “Hold” and an average price target of $12.00.

About PCM

PCM, Inc, through its subsidiaries, operates as a multi-vendor provider of technology products and solutions in the United States and the rest of Europe. The company operates through four segments: Commercial, Public Sector, Canada, and United Kingdom. It primarily sells device products, servers, storage products, network products, printers, and related accessories and devices.

Earnings History for PCM (NASDAQ:PCMI)

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