FY2028 Earnings Forecast for CDW Issued By Zacks Research

CDW Corporation (NASDAQ:CDW) – Stock analysts at Zacks Research issued their FY2028 EPS estimates for shares of CDW in a research report issued to clients and investors on Wednesday, February 25th. Zacks Research analyst Team expects that the information technology services provider will post earnings of $11.96 per share for the year. The consensus estimate for CDW’s current full-year earnings is $9.41 per share.

CDW (NASDAQ:CDW) last issued its earnings results on Wednesday, February 4th. The information technology services provider reported $2.57 EPS for the quarter, topping analysts’ consensus estimates of $2.44 by $0.13. CDW had a net margin of 4.76% and a return on equity of 50.66%. The business had revenue of $5.51 billion for the quarter, compared to the consensus estimate of $5.33 billion. During the same period in the prior year, the firm earned $2.48 EPS. The company’s revenue for the quarter was up 6.3% compared to the same quarter last year.

Several other equities research analysts have also recently weighed in on CDW. Citigroup upped their target price on CDW from $148.00 to $150.00 and gave the stock a “neutral” rating in a report on Thursday, February 5th. Weiss Ratings restated a “hold (c-)” rating on shares of CDW in a report on Tuesday, January 27th. UBS Group lowered their price objective on shares of CDW from $190.00 to $162.00 and set a “buy” rating for the company in a research note on Thursday, February 5th. Evercore reissued an “outperform” rating and set a $180.00 target price on shares of CDW in a research report on Tuesday, January 20th. Finally, JPMorgan Chase & Co. reduced their price target on shares of CDW from $170.00 to $160.00 and set a “neutral” rating for the company in a report on Thursday, February 5th. One analyst has rated the stock with a Strong Buy rating, two have issued a Buy rating and five have given a Hold rating to the company’s stock. According to MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $160.43.

CDW Stock Up 1.5%

Shares of NASDAQ:CDW opened at $123.39 on Friday. The business’s 50 day moving average is $131.65 and its 200 day moving average is $146.87. The stock has a market cap of $15.92 billion, a P/E ratio of 15.25, a price-to-earnings-growth ratio of 1.69 and a beta of 1.08. CDW has a 52-week low of $119.83 and a 52-week high of $192.30. The company has a quick ratio of 1.10, a current ratio of 1.18 and a debt-to-equity ratio of 1.77.

Institutional Investors Weigh In On CDW

Hedge funds and other institutional investors have recently bought and sold shares of the company. Jones Financial Companies Lllp lifted its holdings in shares of CDW by 316.0% during the 1st quarter. Jones Financial Companies Lllp now owns 4,896 shares of the information technology services provider’s stock valued at $785,000 after purchasing an additional 3,719 shares during the last quarter. Empowered Funds LLC increased its position in CDW by 1.2% during the 1st quarter. Empowered Funds LLC now owns 18,076 shares of the information technology services provider’s stock valued at $2,897,000 after buying an additional 216 shares in the last quarter. Nisa Investment Advisors LLC raised its stake in CDW by 28.5% in the second quarter. Nisa Investment Advisors LLC now owns 6,038 shares of the information technology services provider’s stock valued at $1,078,000 after buying an additional 1,338 shares during the last quarter. Achmea Investment Management B.V. raised its stake in CDW by 13.5% in the second quarter. Achmea Investment Management B.V. now owns 7,245 shares of the information technology services provider’s stock valued at $1,294,000 after buying an additional 859 shares during the last quarter. Finally, Campbell & CO Investment Adviser LLC boosted its holdings in CDW by 48.8% in the second quarter. Campbell & CO Investment Adviser LLC now owns 6,433 shares of the information technology services provider’s stock worth $1,149,000 after acquiring an additional 2,111 shares in the last quarter. Hedge funds and other institutional investors own 93.15% of the company’s stock.

Insider Activity at CDW

In other CDW news, insider Sona Chawla sold 7,400 shares of the stock in a transaction dated Monday, December 8th. The shares were sold at an average price of $146.17, for a total transaction of $1,081,658.00. Following the completion of the sale, the insider directly owned 28,110 shares of the company’s stock, valued at approximately $4,108,838.70. This represents a 20.84% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Insiders own 0.84% of the company’s stock.

CDW Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Tuesday, March 10th. Shareholders of record on Wednesday, February 25th will be issued a $0.63 dividend. The ex-dividend date is Wednesday, February 25th. This represents a $2.52 dividend on an annualized basis and a yield of 2.0%. CDW’s payout ratio is currently 31.15%.

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.