Computacenter (LON:CCC) Posts Quarterly Earnings Results

Computacenter (LON:CCC) issued its quarterly earnings data on Tuesday. The company reported GBX 103 EPS for the quarter, Digital Look Earnings reports. Computacenter had a net margin of 1.79% and a return on equity of 14.84%.

Computacenter Stock Down 7.8%

Shares of Computacenter stock traded down GBX 435 during trading hours on Tuesday, reaching GBX 5,165. 10,257,036 shares of the company’s stock were exchanged, compared to its average volume of 1,594,275. The stock has a market cap of £5.42 billion, a P/E ratio of 35.50, a P/E/G ratio of 6.99 and a beta of 0.95. The company has a 50 day moving average of GBX 4,859.65 and a two-hundred day moving average of GBX 4,041.23. The company has a current ratio of 1.17, a quick ratio of 0.94 and a debt-to-equity ratio of 22.53. Computacenter has a fifty-two week low of GBX 2,242 and a fifty-two week high of GBX 6,045.

Insider Transactions at Computacenter

In other Computacenter news, insider Keith Mortimer sold 181 shares of the firm’s stock in a transaction that occurred on Friday, July 31st. The stock was sold at an average price of GBX 4,608, for a total value of £8,340.48. Also, insider Kelly Kuhn purchased 1,035 shares of the stock in a transaction on Friday, July 24th. The shares were bought at an average cost of GBX 4,836 per share, for a total transaction of £50,052.60. 43.80% of the stock is currently owned by insiders.

Key Stories Impacting Computacenter

Here are the key news stories impacting Computacenter this week:

• Positive Sentiment: Computacenter said first-half results surged on strong demand and lifted its outlook for full-year adjusted pre-tax income, improving expectations for earnings growth. Computacenter H1 Revenue Rises 71.6% as Group Raises 2026 Profit Guidance
• Positive Sentiment: The company’s bottom line increased in the first half, while quarterly earnings were reported at GBX 103 per share, reinforcing the positive earnings momentum. Computacenter PLC Bottom Line Rises In H1
• Positive Sentiment: Jefferies reaffirmed its “buy” rating and set a GBX 6,500 price target, while JPMorgan previously raised its target to GBX 6,000 and assigned an “overweight” rating. These targets imply further upside from recent trading levels.
• Positive Sentiment: Market coverage described Computacenter as leading its peer group, with stronger positioning than Bytes in the current artificial-intelligence investment cycle. JP Morgan downgrades Bytes over AI lag as Computacenter leads pack
• Neutral Sentiment: Although the fundamental news is favorable, the shares have decreased during the session. Investors may be taking profits after a substantial rally, particularly with the stock trading near its 12-month high and at a relatively elevated valuation.

Wall Street Analysts Forecast Growth

A number of equities analysts have issued reports on CCC shares. Jefferies Financial Group reiterated a “buy” rating and set a GBX 6,500 target price on shares of Computacenter in a report on Tuesday. Berenberg Bank upped their price objective on Computacenter from GBX 3,450 to GBX 5,300 and gave the stock a “buy” rating in a research report on Monday, July 20th. Finally, JPMorgan Chase & Co. increased their price objective on Computacenter from GBX 5,000 to GBX 6,000 and gave the stock an “overweight” rating in a report on Monday. Four investment analysts have rated the stock with a Buy rating, According to data from MarketBeat, the company presently has an average rating of “Buy” and an average price target of GBX 5,375.

Computacenter Company Profile

Computacenter is a leading independent technology and services provider, trusted by large corporate and public sector organisations.

We are a responsible business that believes in winning together for our people and our planet. We help our customers to Source, Transform and Manage their technology infrastructure to deliver digital transformation, enabling people and their business.

Computacenter is a public company quoted on the London FTSE 250 (CCC.L) and employs over 20,000 people worldwide.