PC Connection, Inc. (NASDAQ:CNXN) announced a special dividend on Tuesday, December 19th, Wall Street Journal reports. Stockholders of record on Friday, December 29th will be given a dividend of 0.34 per share on Friday, January 12th. The ex-dividend date of this dividend is Thursday, December 28th.
PC Connection (NASDAQ CNXN) traded down $0.14 on Wednesday, hitting $26.53. The stock had a trading volume of 28,400 shares, compared to its average volume of 46,902. The company has a market cap of $711.42, a P/E ratio of 15.16, a PEG ratio of 1.84 and a beta of 1.59. PC Connection has a 52 week low of $23.52 and a 52 week high of $30.48.
PC Connection (NASDAQ:CNXN) last announced its earnings results on Thursday, October 26th. The company reported $0.49 earnings per share for the quarter, meeting the consensus estimate of $0.49. PC Connection had a return on equity of 10.84% and a net margin of 1.63%. The firm had revenue of $729.23 million during the quarter, compared to the consensus estimate of $727.84 million. During the same quarter in the prior year, the company earned $0.53 EPS. The firm’s revenue for the quarter was up 2.9% compared to the same quarter last year. sell-side analysts forecast that PC Connection will post 1.81 EPS for the current fiscal year.
Several analysts recently weighed in on CNXN shares. ValuEngine upgraded PC Connection from a “hold” rating to a “buy” rating in a research note on Tuesday, October 31st. BidaskClub upgraded PC Connection from a “sell” rating to a “hold” rating in a research note on Wednesday, December 20th. Finally, Zacks Investment Research downgraded PC Connection from a “buy” rating to a “hold” rating in a research note on Wednesday, September 27th.
About PC Connection
PC Connection, Inc is a provider of a range of information technology (IT) solutions. The Company conducts its business operations through three business segments: small- to medium-sized businesses (SMB), Large Account and Public Sector. The Company enables customers to design, enable, manage and service their IT environments.
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