PC Connection, Inc. (NASDAQ:CNXN) Releases Earnings Results, Meets Expectations

PC Connection, Inc. (NASDAQ:CNXN) issued its earnings results on Thursday, October 26th. The company reported $0.49 earnings per share for the quarter, meeting the consensus estimate of $0.49, Briefing.com reports. PC Connection had a return on equity of 11.00% and a net margin of 1.63%. The company had revenue of $729.23 million during the quarter, compared to analysts’ expectations of $727.84 million. During the same period in the prior year, the business posted $0.53 EPS. PC Connection’s quarterly revenue was up 2.9% compared to the same quarter last year.

Shares of PC Connection (CNXN) opened at $25.85 on Friday. The company has a market capitalization of $684.44, a PE ratio of 14.29, a price-to-earnings-growth ratio of 1.81 and a beta of 1.60. PC Connection has a twelve month low of $23.52 and a twelve month high of $30.48.

In other news, Director Negrini David Beffa sold 20,000 shares of PC Connection stock in a transaction dated Tuesday, September 12th. The stock was sold at an average price of $26.00, for a total value of $520,000.00. Following the sale, the director now directly owns 129,800 shares of the company’s stock, valued at $3,374,800. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. 57.30% of the stock is owned by company insiders.

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CNXN has been the subject of several research reports. Zacks Investment Research lowered PC Connection from a “buy” rating to a “hold” rating in a research report on Wednesday, September 27th. ValuEngine lowered PC Connection from a “buy” rating to a “hold” rating in a research report on Friday, September 1st. Finally, Roth Capital set a $33.00 target price on PC Connection and gave the stock a “buy” rating in a report on Friday, July 28th.

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.

Earnings History for PC Connection (NASDAQ:CNXN)

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