News headlines about PC Connection (NASDAQ:CNXN) have trended positive on Friday, Accern reports. The research group identifies positive and negative press coverage by monitoring more than twenty million news and blog sources. Accern ranks coverage of public companies on a scale of -1 to 1, with scores nearest to one being the most favorable. PC Connection earned a news impact score of 0.25 on Accern’s scale. Accern also gave headlines about the company an impact score of 46.5522475229947 out of 100, meaning that recent press coverage is somewhat unlikely to have an effect on the stock’s share price in the near term.
Shares of PC Connection (NASDAQ:CNXN) opened at $26.96 on Friday. The stock has a market capitalization of $716.25, a P/E ratio of 15.41, a P/E/G ratio of 1.56 and a beta of 1.60. PC Connection has a 12-month low of $23.52 and a 12-month high of $30.48.
PC Connection (NASDAQ:CNXN) last issued its quarterly earnings results on Thursday, October 26th. The company reported $0.49 earnings per share (EPS) for the quarter, hitting the Zacks’ consensus estimate of $0.49. The business had revenue of $729.23 million for the quarter, compared to the consensus estimate of $727.84 million. PC Connection had a return on equity of 10.84% and a net margin of 1.63%. The firm’s quarterly revenue was up 2.9% compared to the same quarter last year. During the same quarter in the prior year, the business posted $0.53 earnings per share. equities research analysts anticipate that PC Connection will post 1.81 earnings per share for the current fiscal year.
A number of equities analysts have recently weighed in on CNXN shares. ValuEngine lowered PC Connection from a “buy” rating to a “hold” rating in a research note on Friday, November 10th. Zacks Investment Research lowered PC Connection from a “buy” rating to a “hold” rating in a research note on Wednesday, September 27th. Finally, BidaskClub upgraded PC Connection from a “sell” rating to a “hold” rating in a research note on Wednesday, December 20th.
In related news, CEO Timothy J. Mcgrath sold 9,700 shares of the stock in a transaction that occurred on Monday, January 8th. The stock was sold at an average price of $26.85, for a total transaction of $260,445.00. Following the sale, the chief executive officer now owns 207,207 shares of the company’s stock, valued at $5,563,507.95. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, Director Barbara Duckett sold 1,123 shares of the stock in a transaction that occurred on Tuesday, December 5th. The stock was sold at an average price of $27.56, for a total value of $30,949.88. Following the sale, the director now directly owns 15,877 shares in the company, valued at approximately $437,570.12. The disclosure for this sale can be found here. Insiders have sold 16,628 shares of company stock worth $447,259 in the last three months. 57.30% of the stock is currently owned by company insiders.
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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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