TD SYNNEX (NYSE:SNX – Get Free Report) announced its quarterly earnings results on Thursday. The business services provider reported $2.86 earnings per share for the quarter, beating analysts’ consensus estimates of $2.80 by $0.06, Briefing.com reports. TD SYNNEX had a net margin of 1.14% and a return on equity of 12.32%. The firm had revenue of $14.68 billion for the quarter, compared to analyst estimates of $14.11 billion. During the same quarter in the previous year, the firm posted $2.71 earnings per share. The business’s revenue was up 5.2% on a year-over-year basis. TD SYNNEX updated its Q4 guidance to $2.80-3.30 EPS and its Q4 2024 guidance to 2.800-3.300 EPS.
TD SYNNEX Stock Up 0.8 %
TD SYNNEX stock opened at $119.67 on Friday. TD SYNNEX has a fifty-two week low of $89.73 and a fifty-two week high of $133.85. The firm has a market capitalization of $10.23 billion, a PE ratio of 16.76, a P/E/G ratio of 1.18 and a beta of 1.49. The company’s 50-day moving average is $116.22 and its 200-day moving average is $117.86. The company has a debt-to-equity ratio of 0.47, a current ratio of 1.26 and a quick ratio of 0.78.
TD SYNNEX Dividend Announcement
The company also recently disclosed a quarterly dividend, which will be paid on Friday, October 25th. Stockholders of record on Friday, October 11th will be given a $0.40 dividend. This represents a $1.60 dividend on an annualized basis and a dividend yield of 1.34%. The ex-dividend date of this dividend is Friday, October 11th. TD SYNNEX’s dividend payout ratio (DPR) is presently 22.41%.
Wall Street Analysts Forecast Growth
Check Out Our Latest Stock Report on TD SYNNEX
Insider Buying and Selling
In other TD SYNNEX news, CFO Marshall Witt sold 11,441 shares of the firm’s stock in a transaction on Wednesday, August 7th. The stock was sold at an average price of $110.14, for a total transaction of $1,260,111.74. Following the completion of the sale, the chief financial officer now owns 45,115 shares of the company’s stock, valued at approximately $4,968,966.10. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. In other TD SYNNEX news, CFO Marshall Witt sold 11,441 shares of the stock in a transaction dated Wednesday, August 7th. The shares were sold at an average price of $110.14, for a total value of $1,260,111.74. Following the transaction, the chief financial officer now directly owns 45,115 shares of the company’s stock, valued at approximately $4,968,966.10. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, COO Patrick Zammit sold 3,513 shares of the firm’s stock in a transaction that occurred on Friday, July 12th. The stock was sold at an average price of $113.28, for a total transaction of $397,952.64. Following the sale, the chief operating officer now owns 140,205 shares of the company’s stock, valued at $15,882,422.40. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 15,188 shares of company stock worth $1,685,455. Company insiders own 1.90% of the company’s stock.
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.
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