TD SYNNEX (NYSE:SNX) Updates FY 2025 Earnings Guidance

TD SYNNEX (NYSE:SNX - Get Free Report) updated its FY 2025 earnings guidance on Thursday. The company provided earnings per share (EPS) guidance of 11.500-12.000 for the period, compared to the consensus estimate of 12.180. The company issued revenue guidance of -. TD SYNNEX also updated its FY25 guidance to $11.50-12.00 EPS.

Analyst Upgrades and Downgrades

A number of research analysts have recently commented on the company. Barrington Research reissued an "outperform" rating and set a $156.00 price objective on shares of TD SYNNEX in a report on Friday, March 28th. Royal Bank of Canada reduced their price objective on shares of TD SYNNEX from $165.00 to $145.00 and set an "outperform" rating for the company in a research note on Friday. UBS Group lowered their target price on shares of TD SYNNEX from $150.00 to $138.00 and set a "buy" rating on the stock in a research note on Friday, March 28th. Barclays decreased their price target on shares of TD SYNNEX from $148.00 to $125.00 and set an "equal weight" rating for the company in a report on Friday, March 28th. Finally, The Goldman Sachs Group dropped their price objective on TD SYNNEX from $154.00 to $137.00 and set a "buy" rating on the stock in a research note on Friday, March 28th. Three analysts have rated the stock with a hold rating and seven have given a buy rating to the company. Based on data from MarketBeat.com, the company currently has a consensus rating of "Moderate Buy" and a consensus target price of $137.22.

TD SYNNEX Stock Performance

SNX stock traded up $0.40 during midday trading on Tuesday, hitting $103.46. The stock had a trading volume of 380,815 shares, compared to its average volume of 921,782. TD SYNNEX has a 52 week low of $92.23 and a 52 week high of $145.10. The company has a current ratio of 1.24, a quick ratio of 0.76 and a debt-to-equity ratio of 0.46. The stock has a 50-day simple moving average of $125.45 and a 200 day simple moving average of $124.34. The firm has a market capitalization of $8.68 billion, a price-to-earnings ratio of 13.00, a P/E/G ratio of 1.06 and a beta of 1.36.

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TD SYNNEX (NYSE:SNX - Get Free Report) last issued its earnings results 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 business had revenue of $14.53 billion for the quarter, compared to analyst estimates of $14.79 billion. TD SYNNEX had a net margin of 1.18% and a return on equity of 11.91%. TD SYNNEX's revenue was up 4.0% on a year-over-year basis. During the same quarter last year, the firm posted $2.99 earnings per share. As a group, equities research analysts anticipate that TD SYNNEX will post 11.88 earnings per share for the current year.

TD SYNNEX Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Friday, April 25th. Investors of record on Friday, April 11th will be paid a $0.44 dividend. This represents a $1.76 annualized dividend and a yield of 1.70%. The ex-dividend date of this dividend is Friday, April 11th. TD SYNNEX's dividend payout ratio is 21.97%.

Insiders Place Their Bets

In other TD SYNNEX news, Director Ann F. Vezina sold 839 shares of the business's stock in a transaction dated Thursday, January 16th. The shares were sold at an average price of $136.08, for a total value of $114,171.12. Following the transaction, the director now directly owns 4,856 shares in the company, valued at $660,804.48. The trade was a 14.73 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, CEO Patrick Zammit sold 6,823 shares of the firm's stock in a transaction that occurred 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 sale, the chief executive officer now directly owns 165,604 shares of the company's stock, valued at approximately $23,681,372. The trade was a 3.96 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 29,172 shares of company stock worth $4,000,861 over the last three months. 1.00% 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.