$0.40 Earnings Per Share Expected for PCM Inc (PCMI) This Quarter

Equities analysts expect that PCM Inc (NASDAQ:PCMI) will report earnings of $0.40 per share for the current quarter, according to Zacks. Two analysts have issued estimates for PCM’s earnings. The lowest EPS estimate is $0.38 and the highest is $0.41. PCM posted earnings per share of $0.34 during the same quarter last year, which would indicate a positive year over year growth rate of 17.6%. The firm is scheduled to announce its next quarterly earnings report before the market opens on Thursday, April 25th.

On average, analysts expect that PCM will report full-year earnings of $2.58 per share for the current financial year. For the next financial year, analysts expect that the company will report earnings of $2.95 per share, with EPS estimates ranging from $2.89 to $3.00. Zacks Investment Research’s EPS averages are a mean average based on a survey of analysts that that provide coverage for PCM.

PCM (NASDAQ:PCMI) last issued its quarterly earnings results on Wednesday, February 6th. The specialty retailer reported $0.51 EPS for the quarter, topping analysts’ consensus estimates of $0.42 by $0.09. The company had revenue of $564.12 million for the quarter, compared to analyst estimates of $511.56 million. PCM had a net margin of 1.05% and a return on equity of 18.78%.

A number of brokerages have recently commented on PCMI. Zacks Investment Research lowered shares of PCM from a “buy” rating to a “hold” rating in a report on Wednesday, April 10th. B. Riley reiterated a “buy” rating on shares of PCM in a report on Tuesday, March 26th. BidaskClub lowered shares of PCM from a “strong-buy” rating to a “buy” rating in a report on Tuesday, April 16th. Roth Capital lifted their price target on shares of PCM from $24.20 to $29.60 and gave the stock a “buy” rating in a report on Thursday, February 7th. Finally, TheStreet upgraded shares of PCM from a “c” rating to a “b-” rating in a report on Wednesday, February 6th. Two equities research analysts have rated the stock with a hold rating and three have issued a buy rating to the stock. PCM has a consensus rating of “Buy” and a consensus price target of $30.20.

Shares of NASDAQ:PCMI opened at $29.23 on Friday. The firm has a market cap of $357.95 million, a PE ratio of 13.41, a price-to-earnings-growth ratio of 0.61 and a beta of 1.25. The company has a current ratio of 1.04, a quick ratio of 0.92 and a debt-to-equity ratio of 0.19. PCM has a 52 week low of $9.35 and a 52 week high of $39.69.

Hedge funds have recently added to or reduced their stakes in the stock. Royce & Associates LP increased its position in shares of PCM by 16.1% during the fourth quarter. Royce & Associates LP now owns 547,908 shares of the specialty retailer’s stock worth $9,649,000 after acquiring an additional 76,155 shares in the last quarter. Vanguard Group Inc increased its position in shares of PCM by 2.1% during the third quarter. Vanguard Group Inc now owns 417,338 shares of the specialty retailer’s stock worth $8,159,000 after acquiring an additional 8,590 shares in the last quarter. Vanguard Group Inc. increased its position in shares of PCM by 2.1% during the third quarter. Vanguard Group Inc. now owns 417,338 shares of the specialty retailer’s stock worth $8,159,000 after acquiring an additional 8,590 shares in the last quarter. BlackRock Inc. increased its position in shares of PCM by 69.3% during the third quarter. BlackRock Inc. now owns 272,032 shares of the specialty retailer’s stock worth $5,318,000 after acquiring an additional 111,375 shares in the last quarter. Finally, Morgan Stanley increased its position in shares of PCM by 216.6% during the third quarter. Morgan Stanley now owns 227,305 shares of the specialty retailer’s stock worth $4,444,000 after acquiring an additional 155,518 shares in the last quarter. Institutional investors and hedge funds own 56.28% 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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