PCM (PCMI) Set to Announce Earnings on Wednesday
PCM (NASDAQ:PCMI) is scheduled to release its earnings data after the market closes on Wednesday, October 24th. Analysts expect PCM to post earnings of $0.46 per share for the quarter.
PCM (NASDAQ:PCMI) last released its quarterly earnings results on Wednesday, July 25th. The specialty retailer reported $0.77 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $0.51 by $0.26. The firm had revenue of $546.43 million during the quarter, compared to the consensus estimate of $569.98 million. PCM had a net margin of 0.33% and a return on equity of 13.96%. On average, analysts expect PCM to post $2 EPS for the current fiscal year and $2 EPS for the next fiscal year.
Shares of PCMI stock remained flat at $$18.91 during trading hours on Thursday. 510 shares of the stock traded hands, compared to its average volume of 156,689. The company has a market capitalization of $233.52 million, a P/E ratio of 17.51, a P/E/G ratio of 0.48 and a beta of 0.88. PCM has a 12-month low of $6.90 and a 12-month high of $25.23. The company has a debt-to-equity ratio of 0.22, a current ratio of 1.01 and a quick ratio of 0.89.
Several research firms have recently issued reports on PCMI. TheStreet raised shares of PCM from a “d+” rating to a “c” rating in a research note on Thursday, July 26th. ValuEngine downgraded shares of PCM from a “hold” rating to a “sell” rating in a research note on Thursday, June 28th. Zacks Investment Research downgraded shares of PCM from a “buy” rating to a “hold” rating in a research note on Wednesday, June 27th. B. Riley raised their price target on shares of PCM to $25.00 in a research note on Thursday, July 26th. Finally, BidaskClub downgraded shares of PCM from a “strong-buy” rating to a “buy” rating in a research note on Friday, September 7th. One equities research analyst has rated the stock with a hold rating and four have issued a buy rating to the company. PCM presently has an average rating of “Buy” and a consensus target price of $21.33.
PCM, Inc, through its subsidiaries, operates as a multi-vendor provider of technology products and solutions in the United States and the rest of Europe. The company operates through four segments: Commercial, Public Sector, Canada, and United Kingdom. It primarily sells device products, servers, storage products, network products, printers, and related accessories and devices.
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