TD SYNNEX (NYSE:SNX – Get Free Report) updated its fourth quarter earnings guidance on Thursday. The company provided EPS guidance of $2.80-3.30 for the period, compared to the consensus EPS estimate of $3.22. The company issued revenue guidance of $14.9-15.7 billion, compared to the consensus revenue estimate of $15.15 billion. TD SYNNEX also updated its Q4 2024 guidance to 2.800-3.300 EPS.
TD SYNNEX Price Performance
Shares of SNX stock opened at $119.67 on Friday. The company has a market capitalization of $10.23 billion, a P/E ratio of 16.76, a P/E/G ratio of 1.18 and a beta of 1.49. The company’s 50-day simple moving average is $116.22 and its two-hundred day simple moving average is $117.97. TD SYNNEX has a one year low of $89.73 and a one year high of $133.85. The company has a debt-to-equity ratio of 0.47, a current ratio of 1.26 and a quick ratio of 0.78.
TD SYNNEX (NYSE:SNX – Get Free Report) last announced its quarterly earnings data on Thursday, September 26th. The business services provider reported $2.86 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.80 by $0.06. The company had revenue of $14.68 billion for the quarter, compared to analysts’ expectations of $14.11 billion. TD SYNNEX had a return on equity of 12.32% and a net margin of 1.14%. TD SYNNEX’s revenue was up 5.2% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $2.71 earnings per share. As a group, equities analysts anticipate that TD SYNNEX will post 11.22 EPS for the current year.
TD SYNNEX Dividend Announcement
Wall Street Analyst Weigh In
Several equities research analysts have recently commented on the stock. UBS Group boosted their price target on shares of TD SYNNEX from $145.00 to $150.00 and gave the company a buy rating in a report on Wednesday, June 26th. Royal Bank of Canada restated an outperform rating and set a $140.00 target price on shares of TD SYNNEX in a report on Friday. Barrington Research reiterated an outperform rating and issued a $138.00 price target on shares of TD SYNNEX in a report on Monday, September 23rd. Barclays upped their price objective on TD SYNNEX from $131.00 to $132.00 and gave the stock an equal weight rating in a research note on Friday. Finally, StockNews.com upgraded TD SYNNEX from a hold rating to a buy rating in a research note on Friday, August 16th. Three analysts have rated the stock with a hold rating and five have given a buy rating to the company’s stock. According to data from MarketBeat, the stock has an average rating of Moderate Buy and a consensus target price of $132.57.
Read Our Latest Stock Report on SNX
Insider Transactions at TD SYNNEX
In related news, CFO Marshall Witt sold 11,441 shares of the company’s stock in a transaction dated Wednesday, August 7th. The stock was sold at an average price of $110.14, for a total transaction of $1,260,111.74. Following the transaction, the chief financial officer now directly owns 45,115 shares of the company’s stock, valued at approximately $4,968,966.10. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. In other TD SYNNEX news, CFO Marshall Witt sold 11,441 shares of the business’s stock in a transaction that occurred on Wednesday, August 7th. The shares were sold at an average price of $110.14, for a total transaction of $1,260,111.74. Following the sale, the chief financial officer now owns 45,115 shares of the company’s stock, valued at approximately $4,968,966.10. The transaction was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Also, COO Patrick Zammit sold 3,513 shares of the firm’s stock in a transaction on Friday, July 12th. The stock was sold at an average price of $113.28, for a total transaction of $397,952.64. Following the completion of the transaction, 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. Insiders sold 15,188 shares of company stock valued at $1,685,455 in the last quarter. 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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