Zacks Research Issues Positive Estimate for CDW Earnings

CDW Corporation (NASDAQ:CDW) – Equities research analysts at Zacks Research upped their Q3 2026 earnings per share (EPS) estimates for CDW in a note issued to investors on Wednesday, August 26th. Zacks Research analyst Team now anticipates that the information technology services provider will earn $2.73 per share for the quarter, up from their previous estimate of $2.70. The consensus estimate for CDW’s current full-year earnings is $10.33 per share. Zacks Research also issued estimates for CDW’s Q4 2026 earnings at $2.62 EPS, FY2026 earnings at $10.25 EPS, Q1 2027 earnings at $2.34 EPS, Q2 2027 earnings at $2.53 EPS, Q3 2027 earnings at $2.89 EPS, Q4 2027 earnings at $3.72 EPS, FY2027 earnings at $11.48 EPS, Q1 2028 earnings at $4.40 EPS, Q2 2028 earnings at $2.53 EPS and FY2028 earnings at $12.72 EPS.

CDW (NASDAQ:CDW) last released its quarterly earnings data on Wednesday, August 5th. The information technology services provider reported $2.91 earnings per share for the quarter, topping the consensus estimate of $2.80 by $0.11. The business had revenue of $6.57 billion during the quarter, compared to analyst estimates of $6.21 billion. CDW had a return on equity of 50.61% and a net margin of 4.60%.The company’s revenue was up 10.0% compared to the same quarter last year. During the same period last year, the company posted $2.60 EPS.

CDW has been the subject of several other research reports. UBS Group reduced their price target on shares of CDW from $162.00 to $147.00 and set a “buy” rating for the company in a research report on Thursday, May 7th. JPMorgan Chase & Co. raised shares of CDW from a “neutral” rating to an “overweight” rating and set a $130.00 target price on the stock in a research note on Wednesday, May 27th. Royal Bank Of Canada upgraded CDW to an “outperform” rating and set a $130.00 target price for the company in a report on Wednesday, May 27th. Weiss Ratings raised CDW from a “hold (c-)” rating to a “hold (c)” rating in a research report on Tuesday, August 25th. Finally, Morgan Stanley lifted their price target on CDW from $170.00 to $171.00 and gave the company an “overweight” rating in a report on Thursday, August 6th. One analyst has rated the stock with a Strong Buy rating, five have issued a Buy rating and three have given a Hold rating to the stock. According to data from MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus target price of $147.00.

CDW Stock Performance

CDW stock opened at $150.30 on Monday. The firm’s 50 day simple moving average is $138.69 and its 200-day simple moving average is $128.73. The company has a market cap of $18.79 billion, a P/E ratio of 18.06, a price-to-earnings-growth ratio of 1.99 and a beta of 0.95. The company has a debt-to-equity ratio of 1.97, a current ratio of 1.17 and a quick ratio of 1.05. CDW has a fifty-two week low of $97.12 and a fifty-two week high of $171.55.

Hedge Funds Weigh In On CDW

Institutional investors and hedge funds have recently modified their holdings of the stock. HighTower Advisors LLC raised its holdings in shares of CDW by 1.9% during the second quarter. HighTower Advisors LLC now owns 22,009 shares of the information technology services provider’s stock worth $3,095,000 after acquiring an additional 419 shares in the last quarter. California State Teachers Retirement System grew its stake in CDW by 13,221.2% in the second quarter. California State Teachers Retirement System now owns 29,850,699 shares of the information technology services provider’s stock valued at $4,198,202,000 after purchasing an additional 29,626,614 shares in the last quarter. Studio Investment Management LLC grew its stake in CDW by 6.0% in the second quarter. Studio Investment Management LLC now owns 2,667 shares of the information technology services provider’s stock valued at $375,000 after purchasing an additional 150 shares in the last quarter. HB Wealth Management LLC increased its position in CDW by 6.9% in the 2nd quarter. HB Wealth Management LLC now owns 6,896 shares of the information technology services provider’s stock worth $970,000 after purchasing an additional 445 shares during the last quarter. Finally, Saudi Central Bank increased its position in CDW by 86.4% in the 2nd quarter. Saudi Central Bank now owns 8,958 shares of the information technology services provider’s stock worth $1,260,000 after purchasing an additional 4,152 shares during the last quarter. 93.15% of the stock is currently owned by hedge funds and other institutional investors.

Insider Buying and Selling

In related news, insider Elizabeth H. Connelly sold 26,695 shares of the business’s stock in a transaction that occurred on Friday, August 7th. The shares were sold at an average price of $137.62, for a total transaction of $3,673,765.90. Following the transaction, the insider directly owned 34,215 shares of the company’s stock, valued at approximately $4,708,668.30. The trade was a 43.83% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. Insiders own 0.82% of the company’s stock.

CDW Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Thursday, September 10th. Investors of record on Tuesday, August 25th will be issued a dividend of $0.63 per share. This represents a $2.52 annualized dividend and a dividend yield of 1.7%. The ex-dividend date is Tuesday, August 25th. CDW’s dividend payout ratio (DPR) is currently 30.29%.

About CDW

CDW (NASDAQ: CDW) is a leading provider of information technology products and integrated solutions for business, government, education and healthcare customers. The company sources and resells hardware and software from major technology vendors and packages those products with professional services, managed services and lifecycle support. Its offerings span IT infrastructure, cloud and data center solutions, cybersecurity, networking, unified communications, endpoint devices, and software licensing and procurement services designed to simplify IT operations for customers.

CDW combines a broad product portfolio with consultative sales, implementation and technical support capabilities.