News stories about PC Connection (NASDAQ:CNXN) have been trending somewhat positive this week, Accern reports. Accern scores the sentiment of news coverage by analyzing more than 20 million news and blog sources. Accern ranks coverage of companies on a scale of negative one to one, with scores closest to one being the most favorable. PC Connection earned a news impact score of 0.24 on Accern’s scale. Accern also gave headlines about the company an impact score of 45.3406461509039 out of 100, meaning that recent news coverage is somewhat unlikely to have an impact on the company’s share price in the near term.
Shares of PC Connection (CNXN) opened at $27.28 on Monday. PC Connection has a 52 week low of $23.52 and a 52 week high of $30.48. The stock has a market cap of $731.53, a P/E ratio of 15.41, a price-to-earnings-growth ratio of 1.62 and a beta of 1.60.
PC Connection (NASDAQ:CNXN) last released its quarterly earnings data on Thursday, October 26th. The company reported $0.49 earnings per share (EPS) for the quarter, hitting the consensus estimate of $0.49. PC Connection had a net margin of 1.63% and a return on equity of 10.84%. The company had revenue of $729.23 million during the quarter, compared to the consensus estimate of $727.84 million. During the same period in the previous year, the firm earned $0.53 earnings per share. PC Connection’s revenue for the quarter was up 2.9% on a year-over-year basis. analysts expect that PC Connection will post 1.81 EPS for the current fiscal year.
Several equities research analysts have issued reports on the stock. Zacks Investment Research downgraded shares of PC Connection from a “hold” rating to a “sell” rating in a research note on Friday, October 20th. ValuEngine upgraded shares of PC Connection from a “hold” rating to a “buy” rating in a research note on Tuesday, October 31st. Finally, BidaskClub upgraded shares of PC Connection from a “sell” rating to a “hold” rating in a research note on Wednesday, December 20th.
In other news, Director Barbara Duckett sold 1,123 shares of the company’s stock in a transaction on Tuesday, December 5th. The shares were sold at an average price of $27.56, for a total value of $30,949.88. Following the completion of the transaction, the director now directly owns 15,877 shares in the company, valued at $437,570.12. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, CEO Timothy J. Mcgrath sold 5,805 shares of the company’s stock in a transaction on Tuesday, November 28th. The shares were sold at an average price of $26.85, for a total transaction of $155,864.25. The disclosure for this sale can be found here. Insiders sold 16,628 shares of company stock valued at $447,259 over the last 90 days. Insiders own 57.30% of the company’s stock.
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PC Connection Company Profile
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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