TD SYNNEX (NYSE:SNX - Get Free Report) posted its quarterly earnings data on Thursday. The business services provider reported $2.80 earnings per share (EPS) for the quarter, missing the consensus estimate of $2.87 by ($0.07), Briefing.com reports. TD SYNNEX had a return on equity of 11.91% and a net margin of 1.18%. The firm had revenue of $14.53 billion for the quarter, compared to analyst estimates of $14.79 billion. During the same period in the prior year, the company posted $2.99 EPS. The firm's quarterly revenue was up 4.0% compared to the same quarter last year. 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 Stock Down 0.1 %
Shares of SNX traded down $0.13 during midday trading on Tuesday, hitting $103.83. The stock had a trading volume of 490,951 shares, compared to its average volume of 759,809. The firm has a market cap of $8.76 billion, a price-to-earnings ratio of 13.02, a price-to-earnings-growth ratio of 1.06 and a beta of 1.51. The company has a 50 day simple moving average of $135.01 and a two-hundred day simple moving average of $125.70. TD SYNNEX has a twelve month low of $98.00 and a twelve month high of $145.10. The company has a debt-to-equity ratio of 0.46, a current ratio of 1.24 and a quick ratio of 0.76.
TD SYNNEX Dividend Announcement
The business also recently disclosed a quarterly dividend, which will be paid on Friday, April 25th. Investors of record on Friday, April 11th will be given a $0.44 dividend. The ex-dividend date is Friday, April 11th. This represents a $1.76 annualized dividend and a yield of 1.70%. TD SYNNEX's dividend payout ratio is currently 22.11%.
Insider Transactions at TD SYNNEX
In other TD SYNNEX news, CFO Marshall Witt sold 1,510 shares of the firm's stock in a transaction that occurred on Tuesday, March 18th. The stock was 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 in the company, valued at $6,383,891.44. This trade represents a 2.94 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, Director Ann F. Vezina sold 839 shares of the company's stock in a transaction that occurred on Thursday, January 16th. The stock was sold at an average price of $136.08, for a total value of $114,171.12. Following the sale, the director now owns 4,856 shares in the company, valued at approximately $660,804.48. This represents a 14.73 % 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. Company insiders own 1.00% of the company's stock.
Analyst Ratings Changes
Several analysts have weighed in on SNX shares. Barrington Research reissued an "outperform" rating and set a $156.00 price objective on shares of TD SYNNEX in a report on Friday. StockNews.com cut TD SYNNEX from a "buy" rating to a "hold" rating in a report on Wednesday, March 26th. JPMorgan Chase & Co. lowered their price target on TD SYNNEX from $150.00 to $125.00 and set a "neutral" rating for the company in a research note on Friday. The Goldman Sachs Group cut their price target on shares of TD SYNNEX from $154.00 to $137.00 and set a "buy" rating on the stock in a research report on Friday. Finally, Cfra lowered their target price on shares of TD SYNNEX from $147.00 to $132.00 and set a "buy" rating for the company in a research note on Friday. Three equities research analysts have rated the stock with a hold rating and seven have given a buy rating to the company's stock. According to data from MarketBeat.com, the stock presently has an average rating of "Moderate Buy" and a consensus target price of $140.00.
View Our Latest Analysis on SNX
About TD SYNNEX
(
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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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