Brokerages Await CDW (CDW) Will Post Quarterly Sales of $4.02 Billion


Equities analysts expect CDW (NASDAQ:CDW) to report $4.02 billion in sales for the current quarter, according to Zacks. Five analysts have made estimates for CDW’s earnings. The lowest sales estimate is $3.94 billion and the highest is $4.11 billion. CDW reported sales of $3.84 billion in the same quarter last year, which would suggest a positive year over year growth rate of 4.7%. The firm is scheduled to issue its next quarterly earnings results on Wednesday, February 6th.


According to Zacks, analysts expect that CDW will report full-year sales of $16.19 billion for the current year, with estimates ranging from $16.11 billion to $16.28 billion. For the next year, analysts expect that the firm will post sales of $17.12 billion, with estimates ranging from $16.98 billion to $17.38 billion. Zacks Investment Research’s sales calculations are a mean average based on a survey of research firms that follow CDW.

CDW (NASDAQ:CDW) last released its quarterly earnings results on Wednesday, October 31st. The information technology services provider reported $1.42 EPS for the quarter, beating the Zacks’ consensus estimate of $1.34 by $0.08. CDW had a net margin of 4.24% and a return on equity of 70.39%. The company had revenue of $4.37 billion for the quarter, compared to analyst estimates of $4.24 billion. During the same quarter last year, the firm posted $1.08 earnings per share. The company’s quarterly revenue was up 11.2% compared to the same quarter last year.

Several research analysts have weighed in on the company. ValuEngine cut 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 note on Wednesday, October 3rd. BidaskClub raised CDW from a “hold” rating to a “buy” rating in a research note on Wednesday, October 17th. Needham & Company LLC raised their target price on shares of CDW from $84.00 to $100.00 and gave the company a “buy” rating in a research note on Friday, August 3rd. Finally, Morgan Stanley boosted their target price on shares of CDW from $78.00 to $89.00 and gave the stock an “equal weight” rating in a research report on Friday, August 3rd. Three investment analysts have rated the stock with a hold rating and eight have issued a buy rating to the company. The company has a consensus rating of “Buy” and an average price target of $88.63.

In related news, insider Thomas E. Richards sold 18,182 shares of the stock in a transaction on Thursday, October 11th. The stock was sold at an average price of $81.48, for a total value of $1,481,469.36. Following the sale, the insider now owns 51,077 shares in the company, valued at approximately $4,161,753.96. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, insider Christina M. Corley sold 14,900 shares of the stock in a transaction on Wednesday, August 8th. The shares were sold at an average price of $85.44, for a total value of $1,273,056.00. Following the completion of the sale, the insider now owns 51,077 shares in the company, valued at approximately $4,364,018.88. The disclosure for this sale can be found here. In the last three months, insiders sold 102,068 shares of company stock valued at $8,776,459. 2.60% of the stock is currently owned by insiders.

Institutional investors and hedge funds have recently bought and sold shares of the stock. Toronto Dominion Bank raised its stake in CDW by 45.7% in the 2nd quarter. Toronto Dominion Bank now owns 15,267 shares of the information technology services provider’s stock valued at $1,233,000 after acquiring an additional 4,790 shares during the period. Bank of New York Mellon Corp raised its stake in CDW by 7.3% in the 2nd quarter. Bank of New York Mellon Corp now owns 868,395 shares of the information technology services provider’s stock valued at $70,158,000 after acquiring an additional 59,184 shares during the period. Northern Trust Corp raised its stake in CDW by 1.9% in the 2nd quarter. Northern Trust Corp now owns 1,171,168 shares of the information technology services provider’s stock valued at $94,620,000 after acquiring an additional 21,755 shares during the period. SG Americas Securities LLC raised its stake in CDW by 185.0% in the 2nd quarter. SG Americas Securities LLC now owns 31,306 shares of the information technology services provider’s stock valued at $2,529,000 after acquiring an additional 20,321 shares during the period. Finally, Marshall Wace LLP bought a new stake in CDW in the 2nd quarter valued at $6,258,000. Institutional investors and hedge funds own 89.40% of the company’s stock.

Shares of NASDAQ:CDW traded up $0.31 on Thursday, hitting $88.02. The stock had a trading volume of 1,229,778 shares, compared to its average volume of 853,335. The company has a market capitalization of $13.20 billion, a PE ratio of 22.69 and a beta of 1.02. The company has a debt-to-equity ratio of 2.75, a quick ratio of 1.24 and a current ratio of 1.41. CDW has a twelve month low of $65.59 and a twelve month high of $92.18.

The company also recently declared a quarterly dividend, which will be paid on Monday, December 10th. Shareholders of record on Monday, November 26th will be given a dividend of $0.295 per share. The ex-dividend date of this dividend is Friday, November 23rd. This represents a $1.18 dividend on an annualized basis and a yield of 1.34%. This is an increase from CDW’s previous quarterly dividend of $0.21. CDW’s dividend payout ratio is 21.65%.

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.

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