CDW (CDW) Earning Somewhat Positive Media Coverage, Analysis Finds

Headlines about CDW (NASDAQ:CDW) have trended somewhat positive this week, according to Accern. The research group identifies negative and positive media coverage by reviewing more than 20 million blog and news sources in real time. Accern ranks coverage of public companies on a scale of negative one to one, with scores closest to one being the most favorable. CDW earned a coverage optimism score of 0.09 on Accern’s scale. Accern also assigned media stories about the information technology services provider an impact score of 45.2170112716433 out of 100, meaning that recent media coverage is somewhat unlikely to have an impact on the stock’s share price in the next several days.

These are some of the news articles that may have impacted Accern’s scoring:

Several equities analysts have recently commented on the company. ValuEngine raised CDW from a “hold” rating to a “buy” rating in a research report on Sunday, December 31st. Zacks Investment Research downgraded CDW from a “buy” rating to a “hold” rating in a research report on Friday, December 1st. BidaskClub raised CDW from a “buy” rating to a “strong-buy” rating in a research report on Tuesday, November 7th. Barclays reaffirmed a “hold” rating and issued a $69.00 target price on shares of CDW in a research report on Sunday, November 5th. Finally, Morgan Stanley upped their target price on CDW from $58.00 to $63.00 and gave the company an “equal weight” rating in a research report on Thursday, November 2nd. One investment analyst has rated the stock with a sell rating, four have issued a hold rating, six have assigned a buy rating and two have issued a strong buy rating to the company. The company presently has a consensus rating of “Buy” and an average target price of $67.85.

Shares of CDW (NASDAQ:CDW) traded down $0.19 during trading hours on Tuesday, reaching $72.86. The company had a trading volume of 471,326 shares, compared to its average volume of 765,033. The firm has a market capitalization of $11,260.00, a P/E ratio of 26.99 and a beta of 1.06. CDW has a 1-year low of $50.49 and a 1-year high of $74.01. The company has a quick ratio of 1.15, a current ratio of 1.37 and a debt-to-equity ratio of 4.20.

CDW (NASDAQ:CDW) last issued its quarterly earnings results on Wednesday, November 1st. The information technology services provider reported $1.08 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $1.02 by $0.06. The business had revenue of $4.03 billion for the quarter, compared to the consensus estimate of $3.99 billion. CDW had a return on equity of 62.71% and a net margin of 2.90%. The firm’s quarterly revenue was up 8.8% compared to the same quarter last year. During the same quarter in the prior year, the business posted $0.97 earnings per share. sell-side analysts predict that CDW will post 3.64 EPS for the current fiscal year.

The business also recently declared a quarterly dividend, which was paid on Monday, December 11th. Investors of record on Friday, November 24th were given a dividend of $0.21 per share. The ex-dividend date of this dividend was Wednesday, November 22nd. This represents a $0.84 dividend on an annualized basis and a yield of 1.15%. This is an increase from CDW’s previous quarterly dividend of $0.16. CDW’s dividend payout ratio is currently 31.11%.

In other CDW news, insider Thomas E. Richards sold 14,368 shares of the company’s stock in a transaction on Thursday, December 14th. The stock was sold at an average price of $68.50, for a total transaction of $984,208.00. Following the completion of the sale, the insider now directly owns 670,391 shares in the company, valued at $45,921,783.50. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, insider Ann Elizabeth Ziegler sold 39,147 shares of the company’s stock in a transaction on Thursday, November 2nd. The stock was sold at an average price of $68.94, for a total value of $2,698,794.18. Following the sale, the insider now owns 47,477 shares of the company’s stock, valued at $3,273,064.38. The disclosure for this sale can be found here. Insiders have sold 124,027 shares of company stock worth $8,479,593 in the last three months. 2.60% of the stock is currently owned by company insiders.

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CDW Company Profile

CDW Corporation (CDW) is a provider of integrated information technology (IT) solutions in the United States, Canada and the United Kingdom. The Company’s segments include Corporate, Public and Other. The Corporate segment consists of private sector business customers in the United States based on employee size between Medium/Large customers, which primarily includes organizations with more than 100 employees, and Small Business customers, which primarily includes organizations with up to 100 employees.

Insider Buying and Selling by Quarter for CDW (NASDAQ:CDW)

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