TD SYNNEX (NYSE:SNX) Announces Earnings Results

TD SYNNEX (NYSE:SNX) announced its quarterly earnings data on Thursday. The business services provider reported $2.80 EPS for the quarter, missing the consensus estimate of $2.87 by ($0.07), Briefing.com reports. The business had revenue of $14.53 billion for the quarter, compared to analyst estimates of $14.79 billion. TD SYNNEX had a net margin of 1.18% and a return on equity of 11.91%. The business’s revenue was up 4.0% on a year-over-year basis. During the same quarter in the previous year, the firm posted $2.99 earnings per share. TD SYNNEX updated its Q2 guidance to $2.45-2.95 EPS and its Q2 2025 guidance to 2.450-2.950 EPS.

TD SYNNEX Price Performance

SNX traded down $2.92 during midday trading on Friday, hitting $104.62. 905,358 shares of the company traded hands, compared to its average volume of 748,961. The business has a 50 day simple moving average of $136.32 and a two-hundred day simple moving average of $125.58. TD SYNNEX has a 52-week low of $98.00 and a 52-week high of $145.10. The company has a market capitalization of $8.83 billion, a price-to-earnings ratio of 13.14, a PEG ratio of 1.06 and a beta of 1.51. The company has a current ratio of 1.24, a quick ratio of 0.76 and a debt-to-equity ratio of 0.46.

TD SYNNEX Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Friday, April 25th. Investors of record on Friday, April 11th will be issued a $0.44 dividend. This represents a $1.76 annualized dividend and a yield of 1.68%. The ex-dividend date of this dividend is Friday, April 11th. TD SYNNEX’s payout ratio is presently 22.11%.

Analyst Ratings Changes

Several equities research analysts have weighed in on SNX shares. StockNews.com downgraded TD SYNNEX from a “buy” rating to a “hold” rating in a research report on Wednesday. JPMorgan Chase & Co. dropped their target price on TD SYNNEX from $150.00 to $125.00 and set a “neutral” rating on the stock in a report on Friday. Royal Bank of Canada boosted their price target on TD SYNNEX from $140.00 to $165.00 and gave the company an “outperform” rating in a report on Friday, February 21st. Cfra raised shares of TD SYNNEX from a “hold” rating to a “buy” rating and raised their price objective for the stock from $122.00 to $147.00 in a research note on Friday, January 10th. Finally, UBS Group decreased their target price on shares of TD SYNNEX from $150.00 to $138.00 and set a “buy” rating for the company in a research note on Friday. Three investment analysts have rated the stock with a hold rating and six have issued a buy rating to the stock. According to data from MarketBeat.com, TD SYNNEX currently has a consensus rating of “Moderate Buy” and a consensus target price of $142.25.

Insider Transactions at TD SYNNEX

In other news, Director Richard T. Hume sold 20,000 shares of TD SYNNEX stock in a transaction that occurred on Monday, March 3rd. The stock was sold at an average price of $135.88, for a total value of $2,717,600.00. Following the sale, the director now directly owns 65,480 shares of the company’s stock, valued at $8,897,422.40. The trade was a 23.40 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this link. Also, CFO Marshall Witt sold 1,510 shares of the stock in a transaction on Tuesday, March 18th. The shares were sold at an average price of $128.08, for a total value of $193,400.80. Following the completion of the transaction, the chief financial officer now directly owns 49,843 shares of the company’s stock, valued at approximately $6,383,891.44. This represents a 2.94 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 49,172 shares of company stock valued at $6,353,261 over the last 90 days. Corporate insiders own 1.00% of the company’s stock.

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.