Sidoti Brokers Increase Earnings Estimates for PC Connection

PC Connection, Inc. (NASDAQ:CNXN) – Sidoti increased their Q1 2027 earnings per share estimates for PC Connection in a report released on Thursday, April 30th. Sidoti analyst A. Lebiedzinski now anticipates that the company will post earnings per share of $0.82 for the quarter, up from their prior estimate of $0.72. The consensus estimate for PC Connection’s current full-year earnings is $3.77 per share. Sidoti also issued estimates for PC Connection’s Q2 2027 earnings at $1.23 EPS and FY2027 earnings at $4.44 EPS.

PC Connection Stock Up 0.6%

CNXN opened at $63.74 on Friday. The firm’s 50 day moving average is $61.02 and its 200-day moving average is $60.14. PC Connection has a 52-week low of $54.97 and a 52-week high of $71.17. The firm has a market capitalization of $1.61 billion, a P/E ratio of 18.53, a P/E/G ratio of 1.68 and a beta of 0.83.

PC Connection (NASDAQ:CNXN) last released its quarterly earnings results on Wednesday, April 29th. The company reported $0.77 EPS for the quarter, topping the consensus estimate of $0.62 by $0.15. The firm had revenue of $721.87 million for the quarter, compared to analyst estimates of $696.09 million. PC Connection had a return on equity of 10.24% and a net margin of 3.02%.

PC Connection Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Friday, May 29th. Investors of record on Tuesday, May 12th will be paid a dividend of $0.20 per share. The ex-dividend date of this dividend is Tuesday, May 12th. This represents a $0.80 annualized dividend and a yield of 1.3%. PC Connection’s payout ratio is 24.46%.

Hedge Funds Weigh In On PC Connection

A number of institutional investors and hedge funds have recently added to or reduced their stakes in the company. Amundi acquired a new stake in shares of PC Connection during the first quarter valued at about $519,000. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. increased its position in shares of PC Connection by 4.7% during the first quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 6,900 shares of the company’s stock worth $431,000 after acquiring an additional 312 shares during the last quarter. Millennium Management LLC lifted its stake in shares of PC Connection by 98.8% in the first quarter. Millennium Management LLC now owns 115,237 shares of the company’s stock worth $7,193,000 after acquiring an additional 57,257 shares in the last quarter. Invesco Ltd. boosted its holdings in PC Connection by 2.4% in the second quarter. Invesco Ltd. now owns 179,487 shares of the company’s stock valued at $11,807,000 after purchasing an additional 4,146 shares during the last quarter. Finally, EverSource Wealth Advisors LLC grew its stake in PC Connection by 625.0% during the 2nd quarter. EverSource Wealth Advisors LLC now owns 580 shares of the company’s stock valued at $38,000 after purchasing an additional 500 shares in the last quarter. 42.85% of the stock is owned by hedge funds and other institutional investors.

PC Connection Company Profile

PC Connection, Inc (NASDAQ: CNXN), now operating under the trade name Connection, is a value-added provider of information technology solutions founded in 1982 and headquartered in Merrimack, New Hampshire. The company offers a broad portfolio of hardware and software products sourced from leading technology vendors, alongside professional services designed to help organizations design, deploy and maintain IT environments.

Connection’s product offerings encompass desktop and notebook computers, servers and storage systems, networking and cybersecurity solutions, as well as cloud and virtualization technologies.