PCM (PCMI) Releases Earnings Results, Beats Expectations By $0.05 EPS
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.
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.
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.
Receive News & Ratings for PCM Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for PCM and related companies with MarketBeat.com's FREE daily email newsletter.