PCM (PCMI) Getting Somewhat Positive Press Coverage, Report Shows
Press coverage about PCM (NASDAQ:PCMI) has been trending somewhat positive recently, according to Accern. The research firm identifies positive and negative media coverage by monitoring more than 20 million blog and news sources in real time. Accern ranks coverage of public companies on a scale of negative one to positive one, with scores closest to one being the most favorable. PCM earned a news sentiment score of 0.17 on Accern’s scale. Accern also gave media stories about the specialty retailer an impact score of 45.6775491274501 out of 100, meaning that recent media coverage is somewhat unlikely to have an effect on the stock’s share price in the immediate future.
PCMI has been the subject of several recent research reports. B. Riley reiterated a “buy” rating and issued a $33.00 price objective on shares of PCM in a research report on Sunday, July 30th. ValuEngine downgraded PCM from a “strong-buy” rating to a “buy” rating in a research report on Friday, July 28th. BidaskClub upgraded PCM from a “hold” rating to a “buy” rating in a research report on Saturday, July 15th. Finally, Zacks Investment Research downgraded PCM from a “strong-buy” rating to a “hold” rating in a research report on Thursday, June 29th. One equities research analyst has rated the stock with a sell rating, two have given a hold rating and three have given a buy rating to the stock. The stock currently has a consensus rating of “Hold” and an average price target of $28.18.
PCM (NASDAQ:PCMI) last posted its quarterly earnings data on Wednesday, July 26th. The specialty retailer reported $0.44 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $0.46 by ($0.02). PCM had a net margin of 0.73% and a return on equity of 17.32%. The business had revenue of $560.11 million for the quarter, compared to analysts’ expectations of $595.74 million. During the same quarter in the previous year, the firm earned $0.68 EPS. PCM’s revenue was down 3.6% compared to the same quarter last year.
PCM declared that its board has initiated a share buyback plan on Wednesday, August 9th that allows the company to buyback $10.00 million in shares. This buyback authorization allows the specialty retailer to buy up to 6.6% of its stock through open market purchases. Stock buyback plans are generally an indication that the company’s leadership believes its shares are undervalued.
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PCM Company Profile
PCM, Inc is a multi-vendor provider of technology solutions, including hardware products, software and services, offered through its dedicated sales force, field and internal service teams, direct marketing channels, and owned and operated data centers. The Company’s segments include Commercial, Public Sector and Canada.
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