Computacenter (LON:CCC) Announces Quarterly Earnings Results

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

Computacenter Price Performance

CCC traded down GBX 14 ($0.18) during trading on Friday, hitting GBX 2,610 ($33.84). The company’s stock had a trading volume of 9,381,426 shares, compared to its average volume of 2,024,033. The firm’s 50 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 has a 12 month low of GBX 2,020 ($26.19) and a 12 month high of GBX 3,004 ($38.95). The stock has a market capitalization of £2.77 billion, a price-to-earnings ratio of 17.46, a price-to-earnings-growth ratio of 6.99 and a beta of 0.71.

Computacenter Increases Dividend

The firm also recently disclosed a dividend, which will be paid on Friday, July 4th. Shareholders of record on Thursday, June 5th will be given a GBX 474 ($6.15) dividend. This is an increase from Computacenter’s previous dividend of $23.30. The ex-dividend date is Thursday, June 5th. This represents a yield of 1.83%. Computacenter’s payout ratio is presently 47.51%.

Analyst Upgrades and Downgrades

Several equities analysts have issued reports on CCC shares. Berenberg Bank reiterated 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 reiterated a “buy” rating and issued a GBX 3,400 ($44.09) price objective on shares of Computacenter in a research report on Tuesday, December 17th.

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.