Computacenter (LON:CCC) Posts Earnings Results

Computacenter (LON:CCC) issued its quarterly earnings results on Tuesday. The company reported GBX 103 earnings per share (EPS) for the quarter, Digital Look Earnings reports. Computacenter had a return on equity of 14.84% and a net margin of 1.79%.

Computacenter Stock Performance

CCC traded down GBX 470 on Tuesday, hitting GBX 5,130. 1,299,230 shares of the company’s stock were exchanged, compared to its average volume of 1,542,496. The company has a current ratio of 1.17, a quick ratio of 0.94 and a debt-to-equity ratio of 22.53. The stock has a fifty day moving average of GBX 4,859.65 and a two-hundred day moving average of GBX 4,041.23. Computacenter has a twelve month low of GBX 2,242 and a twelve month high of GBX 6,045. The firm has a market cap of £5.38 billion, a PE ratio of 35.26, a P/E/G ratio of 6.99 and a beta of 0.95.

Computacenter News Roundup

Here are the key news stories impacting Computacenter this week:

• Positive Sentiment: Computacenter said first-half results surged on strong demand and lifted its outlook for full-year adjusted pre-tax income, improving expectations for earnings growth. Computacenter H1 Revenue Rises 71.6% as Group Raises 2026 Profit Guidance
• Positive Sentiment: The company’s bottom line increased in the first half, while quarterly earnings were reported at GBX 103 per share, reinforcing the positive earnings momentum. Computacenter PLC Bottom Line Rises In H1
• Positive Sentiment: Jefferies reaffirmed its “buy” rating and set a GBX 6,500 price target, while JPMorgan previously raised its target to GBX 6,000 and assigned an “overweight” rating. These targets imply further upside from recent trading levels.
• Positive Sentiment: Market coverage described Computacenter as leading its peer group, with stronger positioning than Bytes in the current artificial-intelligence investment cycle. JP Morgan downgrades Bytes over AI lag as Computacenter leads pack
• Neutral Sentiment: Although the fundamental news is favorable, the shares have decreased during the session. Investors may be taking profits after a substantial rally, particularly with the stock trading near its 12-month high and at a relatively elevated valuation.

Insider Buying and Selling

In related news, insider Kelly Kuhn purchased 1,035 shares of the business’s stock in a transaction that occurred on Friday, July 24th. The shares were acquired at an average price of GBX 4,836 per share, with a total value of £50,052.60. Also, insider Keith Mortimer sold 283 shares of the business’s stock in a transaction that occurred on Thursday, July 16th. The shares were sold at an average price of GBX 4,550, for a total value of £12,876.50. Insiders own 43.80% of the company’s stock.

Analysts Set New Price Targets

CCC has been the subject of a number of research reports. JPMorgan Chase & Co. lifted their price objective on Computacenter from GBX 5,000 to GBX 6,000 and gave the stock an “overweight” rating in a research report on Monday. Jefferies Financial Group reiterated a “buy” rating and set a GBX 6,500 price objective on shares of Computacenter in a report on Tuesday. Finally, Berenberg Bank boosted their price objective on shares of Computacenter from GBX 3,450 to GBX 5,300 and gave the stock a “buy” rating in a research report on Monday, July 20th. Four research analysts have rated the stock with a Buy rating, Based on data from MarketBeat.com, Computacenter currently has a consensus rating of “Buy” and an average target price of GBX 5,375.

Computacenter Company Profile

Computacenter is a leading independent technology and services provider, trusted by large corporate and public sector organisations.

We are a responsible business that believes in winning together for our people and our planet. We help our customers to Source, Transform and Manage their technology infrastructure to deliver digital transformation, enabling people and their business.

Computacenter is a public company quoted on the London FTSE 250 (CCC.L) and employs over 20,000 people worldwide.