Brokerages expect CDW (NASDAQ:CDW) to post earnings per share (EPS) of $1.33 for the current fiscal quarter, according to Zacks. Five analysts have issued estimates for CDW’s earnings, with the highest EPS estimate coming in at $1.36 and the lowest estimate coming in at $1.30. CDW reported earnings per share of $1.08 during the same quarter last year, which would suggest a positive year-over-year growth rate of 23.1%. The firm is expected to announce its next earnings report on Wednesday, November 7th.

According to Zacks, analysts expect that CDW will report full-year earnings of $4.97 per share for the current financial year, with EPS estimates ranging from $4.95 to $4.99. For the next year, analysts expect that the company will post earnings of $5.42 per share, with EPS estimates ranging from $5.30 to $5.51. Zacks Investment Research’s earnings per share averages are a mean average based on a survey of research firms that that provide coverage for CDW.

CDW (NASDAQ:CDW) last posted its quarterly earnings results on Thursday, August 2nd. The information technology services provider reported $1.38 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.24 by $0.14. The firm had revenue of $4.19 billion during the quarter, compared to analyst estimates of $4.16 billion. CDW had a return on equity of 71.09% and a net margin of 3.99%. CDW’s quarterly revenue was up 7.6% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $1.03 EPS.

Several equities analysts have recently issued reports on the company. BidaskClub lowered CDW from a “buy” rating to a “hold” rating in a research report on Tuesday. ValuEngine lowered CDW from a “buy” rating to a “hold” rating in a research report on Monday, October 8th. Zacks Investment Research lowered CDW from a “buy” rating to a “hold” rating in a research report on Wednesday, October 3rd. Needham & Company LLC lifted their price target on CDW from $84.00 to $100.00 and gave the stock a “buy” rating in a research report on Friday, August 3rd. Finally, Morgan Stanley lifted their price target on CDW from $78.00 to $89.00 and gave the stock an “equal weight” rating in a research report on Friday, August 3rd. Seven investment analysts have rated the stock with a hold rating and five have given a buy rating to the company. The stock currently has an average rating of “Hold” and an average price target of $87.00.

Shares of CDW traded up $2.00 during trading hours on Friday, hitting $82.37. The company had a trading volume of 655,864 shares, compared to its average volume of 829,903. The company has a debt-to-equity ratio of 3.00, a current ratio of 1.36 and a quick ratio of 1.16. The firm has a market cap of $13.46 billion, a PE ratio of 21.23 and a beta of 1.06. CDW has a 52-week low of $65.59 and a 52-week high of $90.50.

In other news, insider Thomas E. Richards sold 18,182 shares of the company’s stock in a transaction dated Thursday, October 11th. The shares were sold at an average price of $81.48, for a total transaction of $1,481,469.36. Following the completion of the sale, the insider now owns 51,077 shares of the company’s stock, valued at approximately $4,161,753.96. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, insider Christina M. Corley sold 14,900 shares of the company’s stock in a transaction dated Wednesday, August 8th. The shares were sold at an average price of $85.44, for a total transaction of $1,273,056.00. Following the sale, the insider now directly owns 51,077 shares of the company’s stock, valued at approximately $4,364,018.88. The disclosure for this sale can be found here. In the last three months, insiders sold 112,068 shares of company stock valued at $9,629,759. 2.60% of the stock is owned by insiders.

Several hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Private Capital Group LLC grew its stake in shares of CDW by 351.3% during the 1st quarter. Private Capital Group LLC now owns 1,426 shares of the information technology services provider’s stock valued at $100,000 after acquiring an additional 1,110 shares during the period. Point72 Asia Hong Kong Ltd bought a new position in shares of CDW during the 1st quarter valued at approximately $159,000. Bank of Hawaii bought a new position in shares of CDW during the 2nd quarter valued at approximately $209,000. Profund Advisors LLC bought a new position in shares of CDW during the 1st quarter valued at approximately $211,000. Finally, Measured Wealth Private Client Group LLC bought a new position in shares of CDW during the 2nd quarter valued at approximately $224,000. 89.23% of the stock is owned by hedge funds and other institutional investors.

About CDW

CDW Corporation provides integrated information technology (IT) solutions to business, government, education, and healthcare customers in the United States, Canada, and the United Kingdom. It operates through three segments: Corporate, Small Business, and Public. The company offers discrete hardware and software products, as well as integrated IT solutions, including mobility, security, data center optimization, cloud computing, virtualization, and collaboration.

Further Reading: Understanding Compound Annual Growth Rate (CAGR)

Get a free copy of the Zacks research report on CDW (CDW)

For more information about research offerings from Zacks Investment Research, visit Zacks.com

Receive News & Ratings for CDW Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for CDW and related companies with MarketBeat.com's FREE daily email newsletter.