TD SYNNEX (NYSE:SNX) Issues Q4 Earnings Guidance

TD SYNNEX (NYSE:SNX) 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) 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

The company also recently disclosed a quarterly dividend, which will be paid on Friday, October 25th. Investors of record on Friday, October 11th will be issued a $0.40 dividend. The ex-dividend date is Friday, October 11th. This represents a $1.60 annualized dividend and a dividend yield of 1.34%. TD SYNNEX’s payout ratio is currently 22.41%.

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.

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.