Brokers expect CDW Co. (NASDAQ:CDW) to report earnings per share (EPS) of $1.90 for the current quarter, reports Zacks Investment Research. Four analysts released CDW earnings estimates, with the lowest EPS estimate of $1.69 and the highest estimate of $2.02. CDW posted earnings of $1.82 per share in the same quarter last year, suggesting a positive year-over-year growth rate of 4.4%. The company is expected to announce its next quarterly earnings report before market open on Wednesday, February 9.

According to Zacks, analysts expect CDW to report annual earnings of $7.84 per share for the current year, with EPS estimates ranging from $7.80 to $7.92. For the next fiscal year, analysts expect the company to report earnings of $8.73 per share, with EPS estimates ranging from $8.35 to $9.09. Zacks earnings per share averages are an average based on a survey of research companies that track CDW.

CDW (NASDAQ:CDW) last released its results on Wednesday, November 3. The information technology service provider reported EPS of $2.13 for the quarter, beating the consensus estimate of $2.05 by $0.08. CDW had a return on equity of 98.82% and a net margin of 5.00%. The company posted revenue of $5.30 billion for the quarter, versus a consensus estimate of $5.32 billion. In the same quarter a year earlier, the company had earned earnings per share of $1.78. The company’s revenue for the quarter increased 11.4% year over year.

Several equity research analysts have recently released reports on CDW shares. Evercore ISI began covering CDW in a research note on Tuesday, December 14. They gave the company an “outperform” rating. Morgan Stanley raised its price target on CDW from $196.00 to $200.00 and gave the company an “equal weight” rating in a Thursday, Nov. 4 research note. Zacks Investment Research has upgraded CDW from a buy to a hold rating and has set a price target of $201.00 for the company. in a research note of Monday, November 15. JPMorgan Chase & Co. upgraded CDW to a “hold” rating and set a target price of $200.00 for the company in a Wednesday, October 6 research note. Finally, Raymond James raised his price target on CDW from $205.00 to $210.00 and gave the stock an “outperform” rating in a Thursday, November 4 research note. Three equity research analysts gave the stock a hold rating and five gave the company a buy rating. Based on data from MarketBeat.com, CDW currently has an average rating of “Buy” and a consensus target price of $205.86.

In related news, insider Christina M. Corley sold 3,400 shares in a trade on Monday, December 20. The stock was sold at an average price of $186.89, for a total value of $635,426.00. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available via this hyperlink. Company insiders own 1.33% of the company’s shares.

Hedge funds have recently increased or reduced their stakes in the company. American National Bank increased its position in CDW shares by 610.5% during the third quarter. American National Bank now owns 135 shares of the information technology service provider worth $25,000 after buying 116 more shares in the last quarter. Total Clarity Wealth Management Inc. bought a new position in CDW in Q3 worth approximately $27,000. Wolff Wiese Magana LLC increased its position in CDW by 160.7% in the third quarter. Wolff Wiese Magana LLC now owns 159 shares of the information technology service provider valued at $29,000 after acquiring 98 additional shares last quarter. MUFG Americas Holdings Corp increased its position in CDW by 560.0% in Q3. MUFG Americas Holdings Corp now owns 165 shares of the information technology services provider valued at $30,000 after acquiring an additional 140 shares last quarter. Finally, Capital Directions Investment Advisors LLC bought a new position in CDW in Q2 worth approximately $31,000. 90.31% of the shares are currently held by institutional investors.

Shares of CDW rose $2.80 on Friday, hitting $184.53. The stock had a trading volume of 806,850 shares, compared to an average volume of 904,792. The company has a quick ratio of 1.16, a current ratio of 1.38 and a leverage ratio of 4.82. . The stock has a market capitalization of $25.04 billion, a price-to-earnings ratio of 25.92, a growth price-to-earnings ratio of 1.73 and a beta of 1.10. The company’s 50-day moving average is $194.93 and its two-hundred-day moving average is $190.89. CDW has a 12-month low of $130.22 and a 12-month high of $208.71.

The company also recently disclosed a quarterly dividend, which was paid on Friday, December 10. Investors of record on Wednesday, November 24 received a dividend of $0.50. This represents a dividend of $2.00 on an annualized basis and a yield of 1.08%. This is an increase from CDW’s previous quarterly dividend of $0.40. The ex-dividend date was Tuesday, November 23. CDW’s dividend payout rate is currently 28.09%.

CDW Company Profile

CDW Corp. provides information technology solutions to small, medium and large businesses, governments, educational institutions and healthcare in the US, UK and Canada. It operates through the following segments: Corporate, Small Business and Public. The Corporate segment serves commercial customers in the private sector.

Recommended Story: Special Purpose Acquisition Corporation (SPAC)

Get a Free Copy of Zacks Research Report on CDW (CDW)

For more information on Zacks Investment Research’s research offerings, visit Zacks.com

This instant alert was powered by MarketBeat’s narrative science technology and financial data to provide readers with the fastest and most accurate reports. This story was reviewed by MarketBeat’s editorial team prior to publication. Please send questions or comments about this story to [email protected]

Should you invest $1,000 in CDW right now?

Before you consider CDW, you’ll want to hear this.

MarketBeat tracks Wall Street’s top-rated, top-performing research analysts daily and the stocks they recommend to their clients. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the market takes off…and CDW wasn’t on the list.

Although CDW currently has a “Buy” rating among analysts, top-rated analysts believe these five stocks are better buys.

See the 5 actions here