The risks associated with pre-market and after-hours trading may be slightly higher than the regular market hours. The reason is that extended-hours trading may result in wider spreads for particular security due to lower liquidity and higher volatility as issuers often announce critical financial information outside regular trading hours. After-hours trades for CDW Corporation (CDW) shows that investor sentiment remained intact, with the stock’s consolidated last price rising by $0.25, or 0.15%, to $170.57. The CDW Corporation has recorded 17,876 volume in the after hours trading session. The stock was recently discussed on Yahoo Finance as it revealed that CDW Reports Preliminary First Quarter 2023 Results and Updates 2023 US IT Industry Outlook.
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The company is listed on the NASDAQ and operates within the Information Technology Services industry segment. At the end of the last regular session, the stock closed at $170.32 and fluctuated between $171.37 as its day high and $168.91 as its day low. The current market capitalization of CDW Corporation is $22.80B. A total of 1.35 million shares were traded on the day, compared to an average of 930.73K shares.
Furthermore, investors take into consideration insider trades when predicting a stock’s future trajectory. During the recent three months, CDW has seen 28 BUY and 6 SELL insider trades, representing the acquisition of 95,995 and the disposition of 47,865 shares. Over the last 12 months, there were 71 BUYs and 8 SELLs from insiders. Insiders purchased 111,610 shares during that period but sold 54,405.
In the most recent transaction, ZARCONE DONNA F sold 4,703 shares of CDW for 203.23 per share on Feb 09. After the transaction, the Director now owns 18,058 company shares. In a previous transaction on May 06, LEAHY CHRISTINE A bought 2,900 shares at 169.36 per share. CDW shares that insider owns now total 50,131.
Among the insiders who bought shares, MIRALLES ALBERT JOSEPH JR acquired of 1,475 shares on May 06 at a per-share price of $169.90. This resulted in the insider holding 16,313 shares of CDW after the transaction.
The dividend paying company demonstrates a positive outlook for investors and helps them generate immediate cash. CDW Corporation pays an annual dividend of $2.36, resulting in a dividend yield of 1.39%, and it has a price to earnings (P/E) ratio of 20.93. CDW’s most recent ex-dividend date was 2/23/2023 when it declared a $0.59 quarterly dividend that was paid in cash on 3/10/2023. Previously, the company paid the dividend on 12/9/2022 with an ex-dividend date of 11/23/2022. The CDW stock dividend was $0.59 per share in cash.
It has been observed that price targets are rarely accurate, but they can exert some influence from time to time, and are often accepted as valuable in the market. According to analysts who have offered 12-month price targets for CDW in the last 3 months, the mean price target is $204.88 with high estimates of $220.00 and low estimates of $195.00. In terms of 52-week highs and lows, CDW has a high of $215.00 and a low of $147.91.
As of this writing, CDW has an earnings estimate of $2.03 per share for the current quarter. EPS was calculated based on a consensus of 9 estimates, with a high estimate of $2.2 per share and a lower estimate of $1.98. The company reported an EPS of $2.6 in the last quarter, which was 3.20% higher than expectations of $2.52.
Balance Sheet Annually/Quarterly
An equity investor’s investment can be viewed on a balance sheet by looking at what assets and liabilities the company has. Investors can determine the company’s prospects by calculating its financial ratios based on this information. CDW’s latest balance sheet shows that the firm has $258.10M in Cash & Short Term Investments as of fiscal 2021. There were $7.04B in debt and $5.10B in liabilities at the time. Its Book Value Per Share was $11.83, while its Total Shareholder’s Equity was $705.70M.
There may be slightly higher risks associated with pre-market and after-hours trading than during regular market hours. Due to the fact that issuers often announce critical financial information outside of regular trading hours, extended-hours trading may result in wider spreads for particular securities. Currently, 11 analysts are providing their opinions on the stock. On a scale of 1 to 5, with 1 being Sell and 5 being Buy, the average analyst rating for CDW is Hold with a score of 4.33. A total of 6 analysts rated the stock as Buy while 1 rated it as Overweight while 4 rated it as Hold. Among the other participants, 0 thought the stock was Underweight and 0 thought it should be Sold.