PCM (PCMI) Receives Coverage Optimism Rating of 0.18

News coverage about PCM (NASDAQ:PCMI) has been trending somewhat positive recently, Accern Sentiment reports. The research firm identifies positive and negative media coverage by reviewing more than twenty million news and blog sources in real-time. Accern ranks coverage of companies on a scale of -1 to 1, with scores closest to one being the most favorable. PCM earned a media sentiment score of 0.18 on Accern’s scale. Accern also assigned news coverage about the specialty retailer an impact score of 45.6318560441015 out of 100, meaning that recent media coverage is somewhat unlikely to have an impact on the stock’s share price in the near term.

A number of equities analysts have recently weighed in on the company. BidaskClub raised PCM from a “hold” rating to a “buy” rating in a research note on Saturday, July 15th. B. Riley reaffirmed a “buy” rating and issued a $33.00 price objective on shares of PCM in a research note on Tuesday, July 25th. Zacks Investment Research lowered PCM from a “strong-buy” rating to a “hold” rating in a research note on Thursday, June 29th. Finally, ValuEngine lowered PCM from a “buy” rating to a “hold” rating in a research note on Friday, September 1st. One investment analyst has rated the stock with a sell rating, two have given a hold rating and three have assigned a buy rating to the company. The company currently has an average rating of “Hold” and an average target price of $28.18.

PCM (NASDAQ PCMI) opened at 13.05 on Tuesday. The company’s 50-day moving average price is $12.80 and its 200-day moving average price is $20.02. The company has a market capitalization of $164.35 million, a price-to-earnings ratio of 10.45 and a beta of 0.87. PCM has a 52 week low of $11.80 and a 52 week high of $31.20.

PCM (NASDAQ:PCMI) last posted its quarterly earnings data on Wednesday, July 26th. The specialty retailer reported $0.44 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $0.46 by ($0.02). PCM had a return on equity of 17.32% and a net margin of 0.73%. The firm had revenue of $560.11 million during the quarter, compared to analyst estimates of $595.74 million. During the same quarter in the previous year, the firm posted $0.68 earnings per share. The company’s quarterly revenue was down 3.6% on a year-over-year basis. Equities analysts forecast that PCM will post $2.00 earnings per share for the current fiscal year.

PCM announced that its board has initiated a stock buyback program on Wednesday, August 9th that permits the company to repurchase $10.00 million in outstanding shares. This repurchase authorization permits the specialty retailer to repurchase up to 6.6% of its stock through open market purchases. Stock repurchase programs are often an indication that the company’s management believes its stock is undervalued.

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PCM Company Profile

PCM, Inc is a multi-vendor provider of technology solutions, including hardware products, software and services, offered through its dedicated sales force, field and internal service teams, direct marketing channels, and owned and operated data centers. The Company’s segments include Commercial, Public Sector and Canada.

Insider Buying and Selling by Quarter for PCM (NASDAQ:PCMI)

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