Wall Street brokerages expect that CDW (NASDAQ:CDW) will post $0.92 earnings per share for the current fiscal quarter, according to Zacks. Six analysts have provided estimates for CDW’s earnings. The highest EPS estimate is $0.94 and the lowest is $0.90. CDW posted earnings of $0.75 per share during the same quarter last year, which indicates a positive year over year growth rate of 22.7%. The business is scheduled to report its next quarterly earnings report on Wednesday, May 2nd.

According to Zacks, analysts expect that CDW will report full-year earnings of $4.76 per share for the current fiscal year, with EPS estimates ranging from $4.70 to $4.84. For the next financial year, analysts expect that the firm will post earnings of $5.27 per share, with EPS estimates ranging from $5.16 to $5.36. Zacks’ earnings per share calculations are a mean average based on a survey of analysts that that provide coverage for CDW.

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CDW (NASDAQ:CDW) last announced its quarterly earnings results on Wednesday, February 7th. The information technology services provider reported $0.98 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.93 by $0.05. CDW had a net margin of 3.44% and a return on equity of 65.93%. The company had revenue of $3.84 billion for the quarter, compared to analysts’ expectations of $3.85 billion. During the same quarter in the previous year, the company earned $0.86 earnings per share. CDW’s quarterly revenue was up 9.9% on a year-over-year basis.

Several equities analysts recently issued reports on CDW shares. ValuEngine upgraded shares of CDW from a “hold” rating to a “buy” rating in a research report on Sunday, December 31st. Zacks Investment Research cut shares of CDW from a “hold” rating to a “sell” rating in a research report on Wednesday, January 10th. Royal Bank of Canada restated a “buy” rating and issued a $80.00 price objective on shares of CDW in a report on Monday, January 15th. BidaskClub upgraded shares of CDW from a “hold” rating to a “buy” rating in a report on Monday, February 5th. Finally, Robert W. Baird restated a “buy” rating and issued a $80.00 price objective on shares of CDW in a report on Wednesday, February 7th. One analyst has rated the stock with a sell rating, four have issued a hold rating and seven have assigned a buy rating to the stock. The company has an average rating of “Buy” and a consensus price target of $75.78.

Shares of NASDAQ CDW opened at $70.65 on Tuesday. CDW has a 1 year low of $55.80 and a 1 year high of $76.73. The company has a debt-to-equity ratio of 3.27, a quick ratio of 1.16 and a current ratio of 1.34. The stock has a market cap of $10,573.99, a P/E ratio of 18.21 and a beta of 1.08.

In other news, insider Neil B. Fairfield sold 700 shares of the company’s stock in a transaction that occurred on Friday, March 9th. The shares were sold at an average price of $74.26, for a total value of $51,982.00. Following the transaction, the insider now owns 3,168 shares in the company, valued at $235,255.68. The sale was disclosed in a legal filing with the SEC, which is available at this link. Also, insider Neal J. Campbell sold 4,000 shares of the company’s stock in a transaction that occurred on Thursday, February 15th. The stock was sold at an average price of $70.38, for a total transaction of $281,520.00. Following the completion of the transaction, the insider now owns 37,851 shares in the company, valued at approximately $2,663,953.38. The disclosure for this sale can be found here. In the last 90 days, insiders sold 33,091 shares of company stock worth $2,372,316. Corporate insiders own 2.60% of the company’s stock.

Several hedge funds and other institutional investors have recently modified their holdings of the company. BlackRock Inc. lifted its stake in shares of CDW by 2.1% in the fourth quarter. BlackRock Inc. now owns 11,852,737 shares of the information technology services provider’s stock worth $823,644,000 after buying an additional 249,110 shares in the last quarter. Amundi Pioneer Asset Management Inc. lifted its stake in shares of CDW by 136.3% in the fourth quarter. Amundi Pioneer Asset Management Inc. now owns 4,189,852 shares of the information technology services provider’s stock worth $291,153,000 after buying an additional 2,416,975 shares in the last quarter. USS Investment Management Ltd lifted its stake in shares of CDW by 60.1% in the fourth quarter. USS Investment Management Ltd now owns 2,476,491 shares of the information technology services provider’s stock worth $172,153,000 after buying an additional 929,488 shares in the last quarter. Makaira Partners LLC lifted its stake in shares of CDW by 6.1% in the fourth quarter. Makaira Partners LLC now owns 1,996,750 shares of the information technology services provider’s stock worth $138,754,000 after buying an additional 113,950 shares in the last quarter. Finally, Jennison Associates LLC lifted its stake in shares of CDW by 5.0% in the fourth quarter. Jennison Associates LLC now owns 1,948,499 shares of the information technology services provider’s stock worth $135,401,000 after buying an additional 92,103 shares in the last quarter. Hedge funds and other institutional investors own 91.28% of the company’s stock.

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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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