TD SYNNEX (NYSE:SNX) Releases Q2 Earnings Guidance

TD SYNNEX (NYSE:SNX - Get Free Report) updated its second quarter earnings guidance on Thursday. The company provided earnings per share guidance of $2.45-2.95 for the period, compared to the consensus earnings per share estimate of $3.03. The company issued revenue guidance of $13.9-14.7 billion, compared to the consensus revenue estimate of $14.72 billion. TD SYNNEX also updated its Q2 2025 guidance to 2.450-2.950 EPS.

Wall Street Analysts Forecast Growth

Several research firms have recently issued reports on SNX. StockNews.com cut shares of TD SYNNEX from a "buy" rating to a "hold" rating in a report on Wednesday. UBS Group dropped their price objective on TD SYNNEX from $150.00 to $138.00 and set a "buy" rating on the stock in a research note on Friday. JPMorgan Chase & Co. cut their price objective on TD SYNNEX from $150.00 to $125.00 and set a "neutral" rating for the company in a report on Friday. Royal Bank of Canada lifted their target price on TD SYNNEX from $140.00 to $165.00 and gave the stock an "outperform" rating in a report on Friday, February 21st. Finally, The Goldman Sachs Group cut their price target on shares of TD SYNNEX from $154.00 to $137.00 and set a "buy" rating for the company in a report on Friday. Three research analysts have rated the stock with a hold rating and seven have given a buy rating to the stock. According to data from MarketBeat, the stock currently has an average rating of "Moderate Buy" and a consensus price target of $140.00.

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TD SYNNEX Trading Down 2.9 %

Shares of SNX traded down $3.09 during midday trading on Friday, hitting $104.45. The stock had a trading volume of 2,582,715 shares, compared to its average volume of 757,467. The business has a 50-day simple moving average of $135.67 and a two-hundred day simple moving average of $125.53. The firm has a market cap of $8.81 billion, a P/E ratio of 13.12, a price-to-earnings-growth 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 has a fifty-two week low of $98.00 and a fifty-two week high of $145.10.

TD SYNNEX (NYSE:SNX - Get Free Report) last posted its quarterly earnings data on Thursday, March 27th. The business services provider reported $2.80 earnings per share for the quarter, missing the consensus estimate of $2.87 by ($0.07). The firm had revenue of $14.53 billion for the quarter, compared to analysts' expectations of $14.79 billion. TD SYNNEX had a return on equity of 11.91% and a net margin of 1.18%. The company's revenue for the quarter 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. As a group, equities analysts forecast that TD SYNNEX will post 11.88 EPS for the current year.

TD SYNNEX Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Friday, April 25th. Shareholders of record on Friday, April 11th will be paid a dividend of $0.44 per share. The ex-dividend date of this dividend is Friday, April 11th. This represents a $1.76 annualized dividend and a yield of 1.68%. TD SYNNEX's dividend payout ratio (DPR) is presently 22.11%.

Insider Transactions at TD SYNNEX

In related news, CEO Patrick Zammit sold 6,823 shares of the stock in a transaction on Thursday, January 30th. The stock was sold at an average price of $143.00, for a total transaction of $975,689.00. Following the completion of the sale, the chief executive officer now directly owns 165,604 shares in the company, valued at approximately $23,681,372. This trade represents a 3.96 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director Richard T. Hume sold 20,000 shares of the business's stock in a transaction dated Friday, January 3rd. The shares were sold at an average price of $117.62, for a total value of $2,352,400.00. Following the completion of the transaction, the director now owns 111,080 shares in the company, valued at $13,065,229.60. This trade represents a 15.26 % decrease in their position. 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 three months. 1.00% of the stock is owned by corporate insiders.

TD SYNNEX Company Profile

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.