FY2027 Earnings Forecast for CDW Issued By Zacks Research

CDW Co. (NASDAQ:CDW) – Analysts at Zacks Research issued their FY2027 earnings per share estimates for shares of CDW in a research report issued on Tuesday, March 18th. Zacks Research analyst R. Department expects that the information technology services provider will earn $11.37 per share for the year. The consensus estimate for CDW’s current full-year earnings is $9.41 per share.

A number of other research analysts also recently commented on the company. Morgan Stanley increased their price objective on CDW from $193.00 to $201.00 and gave the company an “equal weight” rating in a report on Thursday, February 6th. Barclays increased their price objective on CDW from $201.00 to $223.00 and gave the company an “equal weight” rating in a report on Thursday, February 6th. Finally, UBS Group dropped their price objective on CDW from $233.00 to $220.00 and set a “buy” rating on the stock in a report on Tuesday, January 7th. Four equities research analysts have rated the stock with a hold rating and five have assigned a buy rating to the company. Based on data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $242.67.

CDW Price Performance

Shares of NASDAQ CDW opened at $168.09 on Thursday. The stock’s 50-day moving average is $184.75 and its two-hundred day moving average is $193.78. The company has a debt-to-equity ratio of 2.38, a current ratio of 1.35 and a quick ratio of 1.24. CDW has a 1-year low of $162.84 and a 1-year high of $263.37. The company has a market cap of $22.27 billion, a price-to-earnings ratio of 21.09, a price-to-earnings-growth ratio of 3.21 and a beta of 1.01.

CDW (NASDAQ:CDW) last issued its quarterly earnings results on Wednesday, February 5th. The information technology services provider reported $2.40 earnings per share for the quarter, topping the consensus estimate of $2.33 by $0.07. CDW had a return on equity of 55.42% and a net margin of 5.13%.

CDW Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Tuesday, March 11th. Investors of record on Tuesday, February 25th were given a $0.625 dividend. The ex-dividend date of this dividend was Tuesday, February 25th. This represents a $2.50 dividend on an annualized basis and a dividend yield of 1.49%. CDW’s dividend payout ratio (DPR) is presently 31.37%.

CDW announced that its board has approved a stock repurchase plan on Wednesday, February 5th that allows the company to repurchase $750.00 million in shares. This repurchase authorization allows the information technology services provider to repurchase up to 2.7% of its shares through open market purchases. Shares repurchase plans are generally a sign that the company’s board of directors believes its shares are undervalued.

Institutional Trading of CDW

A number of large investors have recently made changes to their positions in CDW. LMR Partners LLP acquired a new stake in shares of CDW in the 3rd quarter valued at about $381,000. PNC Financial Services Group Inc. lifted its position in CDW by 2.3% during the 3rd quarter. PNC Financial Services Group Inc. now owns 696,733 shares of the information technology services provider’s stock worth $157,671,000 after acquiring an additional 15,527 shares during the period. Thompson Siegel & Walmsley LLC lifted its position in CDW by 8.8% during the 3rd quarter. Thompson Siegel & Walmsley LLC now owns 24,712 shares of the information technology services provider’s stock worth $5,592,000 after acquiring an additional 2,000 shares during the period. Massachusetts Financial Services Co. MA acquired a new stake in CDW during the 3rd quarter worth approximately $416,111,000. Finally, Charles Schwab Investment Management Inc. lifted its position in CDW by 1.0% during the 3rd quarter. Charles Schwab Investment Management Inc. now owns 775,240 shares of the information technology services provider’s stock worth $175,437,000 after acquiring an additional 7,764 shares during the period. 93.15% of the stock is owned by institutional investors and hedge funds.

About CDW

CDW Corporation provides information technology (IT) solutions in the United States, the United Kingdom, and Canada. It operates through three segments: Corporate, Small Business, and Public. The company offers discrete hardware and software products and services, as well as integrated IT solutions, including on-premise and cloud capabilities across hybrid infrastructure, digital experience, and security.