Computacenter (LON:CCC) Issues Earnings Results

Computacenter (LON:CCC) posted its quarterly earnings data on Wednesday. The company reported GBX 161.50 ($2.09) earnings per share for the quarter, Digital Look Earnings reports. Computacenter had a net margin of 2.64% and a return on equity of 17.61%.

Computacenter Stock Down 0.8 %

CCC stock traded down GBX 22 ($0.29) during trading on Friday, hitting GBX 2,602 ($33.74). 9,396,427 shares of the company’s stock traded hands, compared to its average volume of 2,024,273. The firm has a market capitalization of £2.76 billion, a P/E ratio of 17.41, a PEG ratio of 6.99 and a beta of 0.71. The business has a fifty day simple moving average of GBX 2,232.15 and a two-hundred day simple moving average of GBX 2,286.03. The company has a quick ratio of 0.95, a current ratio of 1.31 and a debt-to-equity ratio of 12.47. Computacenter has a 1 year low of GBX 2,020 ($26.19) and a 1 year high of GBX 3,004 ($38.95).

Computacenter Increases Dividend

The business also recently announced a dividend, which will be paid on Friday, July 4th. Stockholders of record on Thursday, June 5th will be given a dividend of GBX 474 ($6.15) per share. The ex-dividend date of this dividend is Thursday, June 5th. This is a positive change from Computacenter’s previous dividend of $23.30. This represents a dividend yield of 1.83%. Computacenter’s dividend payout ratio (DPR) is 47.51%.

Analyst Ratings Changes

A number of analysts recently weighed in on CCC shares. Berenberg Bank reissued a “hold” rating and issued a GBX 2,425 ($31.44) price objective on shares of Computacenter in a research report on Tuesday. Jefferies Financial Group reaffirmed a “buy” rating and set a GBX 3,400 ($44.09) target price on shares of Computacenter in a research report on Tuesday, December 17th.

Computacenter Company Profile

Computacenter is a leading independent technology and services provider, trusted by large corporate and public sector organisations.

We are a responsible business that believes in winning together for our people and our planet. We help our customers to Source, Transform and Manage their technology infrastructure to deliver digital transformation, enabling people and their business.