Computacenter (LON:CCC) Issues Earnings Results

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

Computacenter Trading Down 0.9 %

Shares of CCC traded down GBX 24 ($0.31) during trading hours on Friday, reaching GBX 2,600 ($33.71). 9,393,598 shares of the company traded hands, compared to its average volume of 2,024,246. Computacenter has a 12 month low of GBX 2,020 ($26.19) and a 12 month high of GBX 3,004 ($38.95). The company has a market capitalization of £2.76 billion, a price-to-earnings ratio of 17.40, a price-to-earnings-growth ratio of 6.99 and a beta of 0.71. The company’s fifty day moving average price is GBX 2,232.15 and its two-hundred day moving average price is 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 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 paid a dividend of GBX 474 ($6.15) per share. This is a positive change from Computacenter’s previous dividend of $23.30. The ex-dividend date is Thursday, June 5th. This represents a dividend yield of 1.83%. Computacenter’s payout ratio is presently 47.51%.

Analysts Set New Price Targets

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

About Computacenter

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.