Brokerages Expect PCM Inc (PCMI) Will Post Earnings of $0.47 Per Share

Equities research analysts expect PCM Inc (NASDAQ:PCMI) to post earnings of $0.47 per share for the current quarter, according to Zacks. Two analysts have made estimates for PCM’s earnings, with estimates ranging from $0.46 to $0.48. PCM posted earnings of $0.17 per share in the same quarter last year, which would indicate a positive year over year growth rate of 176.5%. The business is expected to report its next earnings report on Wednesday, March 6th.

According to Zacks, analysts expect that PCM will report full year earnings of $2.25 per share for the current fiscal year, with EPS estimates ranging from $2.23 to $2.27. For the next year, analysts expect that the firm will report earnings of $2.52 per share, with EPS estimates ranging from $2.50 to $2.54. Zacks Investment Research’s EPS calculations are an average based on a survey of sell-side research firms that cover PCM.

PCM (NASDAQ:PCMI) last released its quarterly earnings results on Wednesday, October 24th. The specialty retailer reported $0.61 earnings per share for the quarter, beating the consensus estimate of $0.50 by $0.11. The business had revenue of $510.58 million during the quarter, compared to analysts’ expectations of $555.46 million. PCM had a return on equity of 16.16% and a net margin of 0.65%.

Several research analysts recently weighed in on the company. Zacks Investment Research upgraded PCM from a “hold” rating to a “buy” rating and set a $22.00 target price on the stock in a research note on Thursday, January 17th. ValuEngine upgraded PCM from a “sell” rating to a “hold” rating in a research report on Wednesday, January 2nd. Finally, B. Riley raised their price target on PCM from $25.00 to $27.00 and gave the company a “buy” rating in a research note on Thursday, October 25th. One equities research analyst has rated the stock with a hold rating and four have issued a buy rating to the stock. The company presently has an average rating of “Buy” and an average target price of $21.33.

NASDAQ PCMI traded down $0.03 on Thursday, reaching $19.80. 72,589 shares of the stock traded hands, compared to its average volume of 87,082. The firm has a market cap of $240.95 million, a PE ratio of 18.33, a price-to-earnings-growth ratio of 0.43 and a beta of 0.85. The company has a quick ratio of 0.91, a current ratio of 1.03 and a debt-to-equity ratio of 0.21. PCM has a 12 month low of $6.90 and a 12 month high of $25.23.

A number of hedge funds have recently added to or reduced their stakes in the business. Bank of America Corp DE grew its stake in PCM by 919.3% in the 2nd quarter. Bank of America Corp DE now owns 7,798 shares of the specialty retailer’s stock valued at $118,000 after buying an additional 7,033 shares during the last quarter. Tower Research Capital LLC TRC raised its stake in shares of PCM by 551.6% in the third quarter. Tower Research Capital LLC TRC now owns 9,781 shares of the specialty retailer’s stock worth $191,000 after acquiring an additional 8,280 shares during the last quarter. Vanguard Group Inc. grew its position in shares of PCM by 2.1% during the 3rd quarter. Vanguard Group Inc. now owns 417,338 shares of the specialty retailer’s stock worth $8,159,000 after buying an additional 8,590 shares during the period. Vanguard Group Inc grew its holdings in PCM by 2.1% during the third quarter. Vanguard Group Inc now owns 417,338 shares of the specialty retailer’s stock valued at $8,159,000 after purchasing an additional 8,590 shares during the period. Finally, Ibex Investors LLC acquired a new position in shares of PCM in the third quarter valued at approximately $205,000. Institutional investors own 56.08% of the company’s stock.

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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