TD SYNNEX (SNX) to Release Quarterly Earnings on Thursday

TD SYNNEX (NYSE:SNX - Get Free Report) is projected to post its quarterly earnings results before the market opens on Thursday, March 27th. Analysts expect TD SYNNEX to post earnings of $2.87 per share and revenue of $14.79 billion for the quarter. Individual that wish to listen to the company's earnings conference call can do so using this link.

TD SYNNEX Stock Performance

Shares of SNX traded down $1.81 during mid-day trading on Friday, hitting $127.77. 1,808,968 shares of the company's stock were exchanged, compared to its average volume of 729,836. TD SYNNEX has a fifty-two week low of $104.93 and a fifty-two week high of $145.10. The firm has a market capitalization of $10.78 billion, a P/E ratio of 16.05, a P/E/G ratio of 1.06 and a beta of 1.51. The business's 50 day moving average is $137.36 and its two-hundred day moving average is $125.40. 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 Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, January 31st. Stockholders of record on Friday, January 24th were paid a dividend of $0.44 per share. This is an increase from TD SYNNEX's previous quarterly dividend of $0.40. The ex-dividend date of this dividend was Friday, January 24th. This represents a $1.76 annualized dividend and a dividend yield of 1.38%. TD SYNNEX's dividend payout ratio is 22.11%.

Insider Buying and Selling

In other TD SYNNEX news, Director Richard T. Hume sold 20,000 shares of TD SYNNEX stock in a transaction on 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 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 sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, CFO Marshall Witt sold 1,510 shares of TD SYNNEX stock in a transaction on Tuesday, March 18th. The shares were sold at an average price of $128.08, for a total transaction of $193,400.80. Following the completion of the transaction, the chief financial officer now owns 49,843 shares in the company, valued at approximately $6,383,891.44. This trade represents a 2.94 % decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 49,172 shares of company stock worth $6,353,261. 1.00% of the stock is owned by insiders.

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Analysts Set New Price Targets

Several equities research analysts have recently weighed in on the stock. Barclays increased their target price on shares of TD SYNNEX from $132.00 to $148.00 and gave the stock an "equal weight" rating in a research note on Monday, January 13th. Cfra raised shares of TD SYNNEX from a "hold" rating to a "buy" rating and increased their price target for the stock from $122.00 to $147.00 in a report on Friday, January 10th. Barrington Research increased their price target on shares of TD SYNNEX from $138.00 to $156.00 and gave the stock an "outperform" rating in a report on Thursday. StockNews.com raised shares of TD SYNNEX from a "hold" rating to a "buy" rating in a report on Tuesday, March 18th. Finally, JPMorgan Chase & Co. increased their price target on shares of TD SYNNEX from $135.00 to $150.00 and gave the stock a "neutral" rating in a report on Monday, January 13th. Two equities research analysts have rated the stock with a hold rating and seven have assigned a buy rating to the company's stock. Based on data from MarketBeat.com, the company has an average rating of "Moderate Buy" and an average price target of $149.75.

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.