TD SYNNEX (NYSE:SNX) Releases Q1 Earnings Guidance

TD SYNNEX (NYSE:SNX - Get Free Report) updated its first quarter earnings guidance on Friday. The company provided EPS guidance of $2.65-3.15 for the period, compared to the consensus EPS estimate of $2.95. The company issued revenue guidance of $14.4-15.2 billion, compared to the consensus revenue estimate of $14.78 billion. TD SYNNEX also updated its Q1 2025 guidance to 2.650-3.150 EPS.

TD SYNNEX Trading Up 9.9 %

SNX stock traded up $12.06 during mid-day trading on Friday, reaching $134.16. The company's stock had a trading volume of 1,505,977 shares, compared to its average volume of 739,340. The company has a market cap of $11.42 billion, a price-to-earnings ratio of 17.36, a price-to-earnings-growth ratio of 1.14 and a beta of 1.46. TD SYNNEX has a 12 month low of $98.70 and a 12 month high of $134.48. The business's 50 day moving average price is $119.77 and its 200 day moving average price is $117.85. The company has a current ratio of 1.25, a quick ratio of 0.77 and a debt-to-equity ratio of 0.46.

Analyst Ratings Changes

SNX has been the subject of a number of research reports. Barclays raised their price target on shares of TD SYNNEX from $131.00 to $132.00 and gave the stock an "equal weight" rating in a report on Friday, September 27th. Royal Bank of Canada restated an "outperform" rating and issued a $140.00 target price on shares of TD SYNNEX in a research note on Tuesday. Cfra raised TD SYNNEX from a "hold" rating to a "buy" rating and upped their price target for the stock from $122.00 to $147.00 in a research note on Friday. Barrington Research reissued an "outperform" rating and issued a $138.00 price objective on shares of TD SYNNEX in a research note on Monday, September 23rd. Finally, StockNews.com lowered TD SYNNEX from a "buy" rating to a "hold" rating in a research report on Wednesday, December 18th. Three investment analysts have rated the stock with a hold rating and six have assigned a buy rating to the company's stock. According to MarketBeat, the stock has a consensus rating of "Moderate Buy" and an average price target of $139.00.

Insider Activity at TD SYNNEX

In other TD SYNNEX news, insider Simon Leung sold 6,249 shares of the stock in a transaction dated Wednesday, November 6th. The shares were sold at an average price of $123.17, for a total value of $769,689.33. Following the completion of the sale, the insider now owns 23,339 shares in the company, valued at approximately $2,874,664.63. This trade represents a 21.12 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, insider David R. Vetter sold 20,000 shares of the business's stock in a transaction that occurred on Friday, October 18th. The stock was sold at an average price of $123.14, for a total value of $2,462,800.00. Following the completion of the transaction, the insider now owns 66,381 shares in the company, valued at $8,174,156.34. The trade was a 23.15 % decrease in their position. The disclosure for this sale can be found here. In the last three months, insiders sold 67,876 shares of company stock valued at $8,196,529. 1.90% of the stock is 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.