TD SYNNEX (NYSE:SNX) Releases Q4 2024 Earnings Guidance

TD SYNNEX (NYSE:SNX) updated its fourth quarter 2024 earnings guidance on Thursday. The company provided EPS guidance of 2.800-3.300 for the period, compared to the consensus EPS estimate of 3.220. The company issued revenue guidance of $14.9 billion-$15.7 billion, compared to the consensus revenue estimate of $15.2 billion. TD SYNNEX also updated its Q4 guidance to $2.80-3.30 EPS.

Wall Street Analysts Forecast Growth

A number of research firms have recently commented on SNX. Barclays raised their price target on TD SYNNEX from $131.00 to $132.00 and gave the stock an equal weight rating in a research report on Friday. UBS Group raised their price target on TD SYNNEX from $145.00 to $150.00 and gave the stock a buy rating in a research report on Wednesday, June 26th. Royal Bank of Canada reaffirmed an outperform rating and set a $140.00 price target on shares of TD SYNNEX in a research report on Friday. Bank of America dropped their price target on TD SYNNEX from $135.00 to $132.00 and set a buy rating on the stock in a research report on Thursday, June 27th. Finally, Barrington Research reaffirmed an outperform rating and set a $138.00 price target on shares of TD SYNNEX in a research report on Monday, September 23rd. Three research analysts have rated the stock with a hold rating and five have assigned a buy rating to the company. Based on data from MarketBeat.com, TD SYNNEX presently has an average rating of Moderate Buy and a consensus price target of $132.57.

TD SYNNEX Stock Up 0.8 %

Shares of TD SYNNEX stock opened at $119.67 on Friday. The business’s 50 day simple moving average is $116.22 and its 200 day simple moving average is $117.97. TD SYNNEX has a 52-week low of $89.73 and a 52-week high of $133.85. The firm has a market cap of $10.23 billion, a PE ratio of 16.76, a P/E/G ratio of 1.18 and a beta of 1.49. The company has a debt-to-equity ratio of 0.47, a quick ratio of 0.78 and a current ratio of 1.26.

TD SYNNEX (NYSE:SNX) last announced its earnings results on Thursday, September 26th. The business services provider reported $2.86 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $2.80 by $0.06. The business had revenue of $14.68 billion for the quarter, compared to analyst estimates 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 for the quarter was up 5.2% compared to the same quarter last year. During the same quarter last year, the firm earned $2.71 EPS. On average, analysts predict that TD SYNNEX will post 11.22 earnings per share for the current fiscal year.

TD SYNNEX Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, October 25th. Shareholders of record on Friday, October 11th will be given a dividend of $0.40 per share. This represents a $1.60 annualized dividend and a dividend yield of 1.34%. The ex-dividend date of this dividend is Friday, October 11th. TD SYNNEX’s dividend payout ratio (DPR) is 22.41%.

Insiders Place Their Bets

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 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 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 Securities & Exchange Commission, which can be accessed through the SEC website. In other news, CFO Marshall Witt sold 11,441 shares of TD SYNNEX stock in a transaction that occurred on 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 completion of the transaction, the chief financial officer now directly owns 45,115 shares in the company, valued at approximately $4,968,966.10. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, COO Patrick Zammit sold 3,513 shares of TD SYNNEX stock in a transaction that occurred on Friday, July 12th. The stock was sold at an average price of $113.28, for a total value of $397,952.64. Following the transaction, the chief operating officer now owns 140,205 shares of the company’s stock, valued at $15,882,422.40. The disclosure for this sale can be found here. Insiders have sold 15,188 shares of company stock valued at $1,685,455 in the last 90 days. 1.90% of the stock is currently owned by 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.