$0.84 Earnings Per Share Expected for PCM Inc (NASDAQ:PCMI) This Quarter

Wall Street brokerages predict that PCM Inc (NASDAQ:PCMI) will report earnings of $0.84 per share for the current fiscal quarter, according to Zacks. Two analysts have provided estimates for PCM’s earnings, with estimates ranging from $0.77 to $0.90. PCM posted earnings of $0.82 per share in the same quarter last year, which suggests a positive year over year growth rate of 2.4%. The firm is expected to report its next quarterly earnings report on Wednesday, July 24th.

According to Zacks, analysts expect that PCM will report full year earnings of $2.62 per share for the current financial year, with EPS estimates ranging from $2.59 to $2.65. For the next fiscal year, analysts expect that the business will report earnings of $3.00 per share, with EPS estimates ranging from $2.99 to $3.00. Zacks’ EPS averages are a mean average based on a survey of analysts that that provide coverage for PCM.

PCM (NASDAQ:PCMI) last issued its earnings results on Thursday, April 25th. The specialty retailer reported $0.46 EPS for the quarter, topping analysts’ consensus estimates of $0.35 by $0.11. PCM had a net margin of 1.14% and a return on equity of 19.06%. The company had revenue of $533.99 million for the quarter, compared to the consensus estimate of $533.20 million.

PCMI has been the topic of a number of analyst reports. B. Riley reaffirmed a “buy” rating on shares of PCM in a research note on Tuesday, March 26th. Zacks Investment Research downgraded shares of PCM from a “buy” rating to a “hold” rating in a research note on Wednesday, April 10th. BidaskClub downgraded shares of PCM from a “strong-buy” rating to a “buy” rating in a research note on Tuesday, April 16th. ValuEngine downgraded shares of PCM from a “buy” rating to a “hold” rating in a research note on Friday, April 26th. Finally, Roth Capital downgraded shares of PCM from a “buy” rating to a “neutral” rating and reduced their target price for the stock from $36.00 to $35.00 in a research note on Tuesday. Three equities research analysts have rated the stock with a hold rating and two have assigned a buy rating to the company. The company currently has a consensus rating of “Hold” and an average price target of $30.67.

Shares of PCMI stock opened at $35.04 on Wednesday. The company has a quick ratio of 0.94, a current ratio of 1.06 and a debt-to-equity ratio of 0.24. The stock’s 50-day moving average price is $27.26. PCM has a 12 month low of $14.15 and a 12 month high of $39.69. The stock has a market capitalization of $429.49 million, a P/E ratio of 16.07, a PEG ratio of 0.71 and a beta of 1.14.

Several institutional investors have recently added to or reduced their stakes in the company. Connor Clark & Lunn Investment Management Ltd. raised its stake in shares of PCM by 0.6% in the 1st quarter. Connor Clark & Lunn Investment Management Ltd. now owns 202,025 shares of the specialty retailer’s stock valued at $7,400,000 after acquiring an additional 1,119 shares during the period. Quantamental Technologies LLC raised its stake in shares of PCM by 67.6% in the 1st quarter. Quantamental Technologies LLC now owns 3,680 shares of the specialty retailer’s stock valued at $135,000 after acquiring an additional 1,484 shares during the period. Investors Research Corp purchased a new stake in shares of PCM in the 1st quarter valued at approximately $55,000. Group One Trading L.P. purchased a new stake in shares of PCM in the 1st quarter valued at approximately $55,000. Finally, Penserra Capital Management LLC purchased a new stake in shares of PCM in the 1st quarter valued at approximately $91,000. 61.39% of the stock is currently owned by institutional investors and hedge funds.

About PCM

PCM, Inc, through its subsidiaries, operates as a multi-vendor provider of technology products and solutions in the United States and the rest of Europe. The company operates through four segments: Commercial, Public Sector, Canada, and United Kingdom. It primarily sells device products, servers, storage products, network products, printers, and related accessories and devices.

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