Sidoti Csr Has Pessimistic View of PC Connection Q1 Earnings

PC Connection, Inc. (NASDAQ:CNXN) – Research analysts at Sidoti Csr cut their Q1 2025 earnings estimates for shares of PC Connection in a note issued to investors on Thursday, February 6th. Sidoti Csr analyst A. Lebiedzinski now anticipates that the company will earn $0.44 per share for the quarter, down from their prior estimate of $0.53. The consensus estimate for PC Connection’s current full-year earnings is $3.43 per share. Sidoti Csr also issued estimates for PC Connection’s Q2 2025 earnings at $1.04 EPS, Q4 2025 earnings at $0.96 EPS, FY2025 earnings at $3.50 EPS, Q1 2026 earnings at $0.57 EPS, Q3 2026 earnings at $1.24 EPS and FY2026 earnings at $4.21 EPS.

PC Connection (NASDAQ:CNXN) last announced its earnings results on Wednesday, February 5th. The company reported $0.78 earnings per share for the quarter, missing the consensus estimate of $0.90 by ($0.12). PC Connection had a net margin of 3.11% and a return on equity of 9.74%. During the same period in the prior year, the firm posted $0.90 EPS.

Separately, StockNews.com raised PC Connection from a “hold” rating to a “buy” rating in a research note on Thursday, November 28th.

PC Connection Price Performance

Shares of CNXN opened at $64.96 on Monday. The firm’s 50 day moving average is $71.10 and its 200-day moving average is $71.39. PC Connection has a 12-month low of $57.47 and a 12-month high of $77.19. The stock has a market capitalization of $1.71 billion, a P/E ratio of 19.74, a P/E/G ratio of 1.87 and a beta of 0.67.

Institutional Trading of PC Connection

A number of hedge funds have recently made changes to their positions in CNXN. Hotchkis & Wiley Capital Management LLC acquired a new stake in PC Connection during the third quarter valued at $3,675,000. Allspring Global Investments Holdings LLC increased its position in PC Connection by 34.0% in the 3rd quarter. Allspring Global Investments Holdings LLC now owns 139,892 shares of the company’s stock worth $10,552,000 after purchasing an additional 35,505 shares during the last quarter. State Street Corp raised its stake in shares of PC Connection by 7.4% during the 3rd quarter. State Street Corp now owns 495,611 shares of the company’s stock worth $37,384,000 after purchasing an additional 34,248 shares in the last quarter. Millennium Management LLC lifted its holdings in shares of PC Connection by 108.0% during the 2nd quarter. Millennium Management LLC now owns 64,774 shares of the company’s stock valued at $4,158,000 after buying an additional 33,626 shares during the last quarter. Finally, Geode Capital Management LLC grew its stake in shares of PC Connection by 7.2% in the 3rd quarter. Geode Capital Management LLC now owns 346,130 shares of the company’s stock valued at $26,113,000 after buying an additional 23,358 shares in the last quarter. 42.85% of the stock is owned by hedge funds and other institutional investors.

Insiders Place Their Bets

In other PC Connection news, Director Negrini David Beffa sold 5,000 shares of the firm’s stock in a transaction dated Wednesday, November 20th. The stock was sold at an average price of $70.00, for a total transaction of $350,000.00. Following the completion of the sale, the director now directly owns 71,750 shares in the company, valued at approximately $5,022,500. This trade represents a 6.51 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. Corporate insiders own 56.90% of the company’s stock.

PC Connection Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Friday, March 14th. Investors of record on Tuesday, February 25th will be paid a $0.15 dividend. This is a positive change from PC Connection’s previous quarterly dividend of $0.10. The ex-dividend date is Tuesday, February 25th. This represents a $0.60 dividend on an annualized basis and a yield of 0.92%. PC Connection’s dividend payout ratio (DPR) is currently 18.24%.

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.