FY2024 EPS Estimate for PC Connection Decreased by Analyst

PC Connection, Inc. (NASDAQ:CNXN) – Research analysts at Sidoti Csr cut their FY2024 earnings per share (EPS) estimates for shares of PC Connection in a research report issued to clients and investors on Thursday, October 31st. Sidoti Csr analyst A. Lebiedzinski now anticipates that the company will post earnings per share of $3.43 for the year, down from their prior estimate of $3.47. The consensus estimate for PC Connection’s current full-year earnings is $3.50 per share. Sidoti Csr also issued estimates for PC Connection’s Q4 2024 earnings at $0.97 EPS, Q2 2025 earnings at $1.13 EPS, Q3 2025 earnings at $1.06 EPS, FY2025 earnings at $3.87 EPS, Q1 2026 earnings at $0.67 EPS, Q2 2026 earnings at $1.23 EPS, Q3 2026 earnings at $1.18 EPS and FY2026 earnings at $4.23 EPS.

PC Connection (NASDAQ:CNXN) last released its earnings results on Wednesday, October 30th. The company reported $0.97 earnings per share for the quarter, missing the consensus estimate of $1.01 by ($0.04). The firm had revenue of $724.72 million during the quarter, compared to analysts’ expectations of $726.98 million. PC Connection had a return on equity of 10.30% and a net margin of 3.23%.

Separately, StockNews.com upgraded PC Connection from a “buy” rating to a “strong-buy” rating in a report on Thursday, August 29th.

PC Connection Stock Performance

NASDAQ CNXN opened at $64.88 on Friday. The firm’s 50 day moving average price is $72.18 and its two-hundred day moving average price is $68.13. PC Connection has a twelve month low of $54.49 and a twelve month high of $77.19. The stock has a market cap of $1.71 billion, a price-to-earnings ratio of 19.03, a PEG ratio of 1.82 and a beta of 0.63.

Institutional Investors Weigh In On PC Connection

Several large investors have recently made changes to their positions in the company. Signaturefd LLC raised its position in PC Connection by 328.1% during the third quarter. Signaturefd LLC now owns 488 shares of the company’s stock valued at $37,000 after acquiring an additional 374 shares in the last quarter. Innealta Capital LLC bought a new position in shares of PC Connection during the 2nd quarter valued at $60,000. CWM LLC raised its holdings in shares of PC Connection by 125.5% during the 3rd quarter. CWM LLC now owns 850 shares of the company’s stock valued at $64,000 after purchasing an additional 473 shares in the last quarter. nVerses Capital LLC lifted its stake in shares of PC Connection by 1,000.0% in the 3rd quarter. nVerses Capital LLC now owns 1,100 shares of the company’s stock valued at $83,000 after purchasing an additional 1,000 shares during the last quarter. Finally, Lazard Asset Management LLC boosted its holdings in PC Connection by 15,593.3% in the first quarter. Lazard Asset Management LLC now owns 2,354 shares of the company’s stock worth $155,000 after purchasing an additional 2,339 shares in the last quarter. Institutional investors own 42.85% of the company’s stock.

Insider Activity at PC Connection

In other PC Connection news, CEO Timothy J. Mcgrath sold 15,377 shares of PC Connection stock in a transaction on Tuesday, August 6th. The shares were sold at an average price of $70.18, for a total transaction of $1,079,157.86. Following the completion of the sale, the chief executive officer now owns 277,691 shares of the company’s stock, valued at $19,488,354.38. This trade represents a 0.00 % decrease in their position. The sale was disclosed in a filing with the SEC, which is available at this hyperlink. 56.90% of the stock is currently owned by insiders.

PC Connection Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Friday, November 29th. Stockholders of record on Tuesday, November 12th will be given a $0.10 dividend. This represents a $0.40 dividend on an annualized basis and a dividend yield of 0.62%. The ex-dividend date is Tuesday, November 12th. PC Connection’s dividend payout ratio (DPR) is 11.73%.

PC Connection Company Profile

PC Connection, Inc, together with its subsidiaries, provides a range of information technology (IT) solutions. The company operates through three segments: Business Solutions, Enterprise Solutions, and Public Sector Solutions. It offers IT products, such as computer systems, software and peripheral equipment, networking communications, and other products and accessories.