TD SYNNEX (NYSE:SNX – Get Free Report) will be issuing its quarterly earnings data before the market opens on Thursday, September 26th. Analysts expect the company to announce earnings of $2.69 per share for the quarter. TD SYNNEX has set its Q3 guidance at $2.55-3.05 EPS and its Q3 2024 guidance at 2.550-3.050 EPS.Parties that are interested in registering for the company’s conference call can do so using this link.
TD SYNNEX (NYSE:SNX – Get Free Report) last announced its quarterly earnings data on Tuesday, June 25th. The business services provider reported $2.61 EPS for the quarter, missing analysts’ consensus estimates of $2.66 by ($0.05). The firm had revenue of $13.95 billion during the quarter, compared to analyst estimates of $14.12 billion. TD SYNNEX had a net margin of 1.14% and a return on equity of 12.32%. On average, analysts expect TD SYNNEX to post $11 EPS for the current fiscal year and $12 EPS for the next fiscal year.
TD SYNNEX Price Performance
Shares of NYSE:SNX opened at $115.58 on Thursday. The company has a 50-day moving average price of $115.71 and a 200 day moving average price of $117.29. TD SYNNEX has a 52 week low of $89.73 and a 52 week high of $133.85. The company has a quick ratio of 0.78, a current ratio of 1.26 and a debt-to-equity ratio of 0.47. The company has a market cap of $9.88 billion, a P/E ratio of 16.19, a PEG ratio of 1.10 and a beta of 1.49.
TD SYNNEX Announces Dividend
Wall Street Analyst Weigh In
Several research analysts recently issued reports on the company. UBS Group lifted their price objective on TD SYNNEX from $145.00 to $150.00 and gave the stock a “buy” rating in a research report on Wednesday, June 26th. Barrington Research reaffirmed an “outperform” rating and set a $138.00 price target on shares of TD SYNNEX in a research report on Wednesday, June 26th. Royal Bank of Canada raised shares of TD SYNNEX from a “sector perform” rating to an “outperform” rating and upped their price target for the stock from $135.00 to $140.00 in a research report on Monday, July 15th. Bank of America decreased their price target on shares of TD SYNNEX from $135.00 to $132.00 and set a “buy” rating for the company in a research report on Thursday, June 27th. Finally, JPMorgan Chase & Co. decreased their price target on shares of TD SYNNEX from $126.00 to $123.00 and set a “neutral” rating for the company in a research report on Wednesday, June 26th. Three investment analysts have rated the stock with a hold rating and seven have given a buy rating to the stock. Based on data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $127.33.
View Our Latest Stock Report on SNX
Insider Activity
In related news, insider Dennis Polk sold 20,000 shares of the business’s stock in a transaction dated Thursday, June 27th. The shares were sold at an average price of $115.66, for a total transaction of $2,313,200.00. Following the completion of the sale, the insider now owns 134,706 shares of the company’s stock, valued at approximately $15,580,095.96. The sale was disclosed in a legal filing with the SEC, which is available through this link. In related news, insider Dennis Polk sold 20,000 shares of the business’s stock in a transaction dated Thursday, June 27th. The shares were sold at an average price of $115.66, for a total transaction of $2,313,200.00. Following the completion of the sale, the insider now owns 134,706 shares of the company’s stock, valued at approximately $15,580,095.96. The sale was disclosed in a legal filing with the SEC, which is available through this link. Also, COO Patrick Zammit sold 3,513 shares of the business’s stock in a transaction dated Friday, July 12th. The shares were sold at an average price of $113.28, for a total transaction of $397,952.64. Following the sale, the chief operating officer now directly owns 140,205 shares of the company’s stock, valued at approximately $15,882,422.40. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 35,188 shares of company stock worth $3,998,655. 1.90% of the stock is currently owned by corporate insiders.
About TD SYNNEX
TD SYNNEX Corporation operates as a distributor and solutions aggregator for the information technology (IT) ecosystem. The company offers personal computing devices and peripherals, mobile phones and accessories, printers, supplies, and endpoint technology software; and data center technologies, such as hybrid cloud, security, storage, networking, servers, technology software, and converged and hyper-converged infrastructure, as well as computing components.
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