TD SYNNEX (NYSE:SNX) Updates Q1 Earnings Guidance

TD SYNNEX (NYSE:SNX) issued an update on its first quarter earnings guidance on Friday morning. The company provided earnings per share (EPS) guidance of $2.65-3.15 for the period, compared to the consensus 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.

Wall Street Analysts Forecast Growth

Several research analysts have weighed in on the stock. Barrington Research reissued an “outperform” rating and set a $138.00 price objective on shares of TD SYNNEX in a report on Monday, September 23rd. Royal Bank of Canada reiterated an “outperform” rating and issued a $140.00 price target on shares of TD SYNNEX in a research note on Tuesday. Loop Capital restated a “buy” rating and set a $150.00 price objective on shares of TD SYNNEX in a research note on Monday, October 7th. Barclays lifted their target price on TD SYNNEX from $131.00 to $132.00 and gave the stock an “equal weight” rating in a research report on Friday, September 27th. Finally, StockNews.com lowered TD SYNNEX from a “buy” rating to a “hold” rating in a research report on Wednesday, December 18th. Four investment analysts have rated the stock with a hold rating and five have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, TD SYNNEX currently has a consensus rating of “Moderate Buy” and an average target price of $134.75.

TD SYNNEX Stock Down 1.0 %

Shares of TD SYNNEX stock opened at $122.01 on Friday. TD SYNNEX has a twelve month low of $98.70 and a twelve month high of $133.85. The stock has a market capitalization of $10.38 billion, a price-to-earnings ratio of 15.78, a PEG ratio of 1.14 and a beta of 1.46. The company has a current ratio of 1.25, a quick ratio of 0.77 and a debt-to-equity ratio of 0.46. The business’s 50 day simple moving average is $119.77 and its 200-day simple moving average is $117.85.

TD SYNNEX (NYSE:SNX) last posted its earnings results on Friday, January 10th. The business services provider reported $3.09 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $3.05 by $0.04. The company had revenue of $15.84 billion for the quarter, compared to analysts’ expectations of $15.22 billion. TD SYNNEX had a return on equity of 12.15% and a net margin of 1.20%. The firm’s quarterly revenue was up 10.0% compared to the same quarter last year. During the same period last year, the business posted $3.13 earnings per share. Equities research analysts forecast that TD SYNNEX will post 11.03 earnings per share for the current year.

Insider Buying and Selling at TD SYNNEX

In other TD SYNNEX news, insider Simon Leung sold 6,249 shares of the stock in a transaction on Wednesday, November 6th. The stock was sold at an average price of $123.17, for a total transaction of $769,689.33. Following the completion of the transaction, the insider now directly owns 23,339 shares of the company’s stock, valued at approximately $2,874,664.63. This trade represents a 21.12 % decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, insider David R. Vetter sold 20,000 shares of TD SYNNEX stock in a transaction on Friday, October 18th. The shares were sold at an average price of $123.14, for a total value of $2,462,800.00. Following the transaction, the insider now owns 66,381 shares in the company, valued at approximately $8,174,156.34. This trade represents a 23.15 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 67,876 shares of company stock worth $8,196,529. 1.90% of the stock is owned by company insiders.

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.