PC Connection, Inc. (NASDAQ:CNXN) Announces Earnings Results

PC Connection, Inc. (NASDAQ:CNXN) issued its quarterly earnings results on Thursday. The company reported $0.53 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.50 by $0.03, Bloomberg Earnings reports. PC Connection had a return on equity of 11.40% and a net margin of 1.67%. The firm had revenue of $749.79 million during the quarter, compared to the consensus estimate of $733.18 million. During the same period last year, the business posted $0.49 EPS. The business’s revenue was up 10.9% compared to the same quarter last year.

Shares of PC Connection (NASDAQ:CNXN) opened at 26.82 on Friday. The firm has a market capitalization of $717.73 million, a P/E ratio of 15.42 and a beta of 1.65. PC Connection has a one year low of $22.31 and a one year high of $30.48. The firm’s 50-day moving average price is $26.49 and its 200-day moving average price is $27.48.

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A number of brokerages have weighed in on CNXN. Zacks Investment Research downgraded PC Connection from a “hold” rating to a “sell” rating in a report on Monday, April 24th. Roth Capital reiterated a “buy” rating and set a $32.00 price target on shares of PC Connection in a report on Friday, April 21st.

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.