TD SYNNEX (NYSE:SNX) Updates Q2 Earnings Guidance

TD SYNNEX (NYSE:SNX) updated its second quarter earnings guidance on Thursday. The company provided earnings per share (EPS) guidance of $2.45-2.95 for the period, compared to the consensus estimate of $3.03. The company issued revenue guidance of $13.9-14.7 billion, compared to the consensus revenue estimate of $14.72 billion. TD SYNNEX also updated its Q2 2025 guidance to 2.450-2.950 EPS.

Wall Street Analysts Forecast Growth

Several research firms have commented on SNX. UBS Group lowered their price target on shares of TD SYNNEX from $150.00 to $138.00 and set a “buy” rating on the stock in a report on Friday. Cfra lowered their target price on TD SYNNEX from $147.00 to $132.00 and set a “buy” rating on the stock in a research note on Friday. Barrington Research reiterated an “outperform” rating and set a $156.00 price target on shares of TD SYNNEX in a research report on Friday. JPMorgan Chase & Co. lowered their price objective on TD SYNNEX from $150.00 to $125.00 and set a “neutral” rating on the stock in a research report on Friday. Finally, The Goldman Sachs Group decreased their target price on shares of TD SYNNEX from $154.00 to $137.00 and set a “buy” rating for the company in a research note on Friday. Three equities research analysts have rated the stock with a hold rating and seven have issued a buy rating to the company. Based on data from MarketBeat.com, TD SYNNEX has an average rating of “Moderate Buy” and a consensus price target of $140.00.

TD SYNNEX Trading Down 2.9 %

Shares of TD SYNNEX stock opened at $104.45 on Friday. 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 has a twelve month low of $98.00 and a twelve month high of $145.10. The firm has a market capitalization of $8.81 billion, a PE ratio of 13.12, a P/E/G ratio of 1.06 and a beta of 1.51. The firm’s 50-day moving average price is $135.67 and its 200 day moving average price is $125.53.

TD SYNNEX (NYSE:SNX) last issued its quarterly earnings results on Thursday, March 27th. The business services provider reported $2.80 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $2.87 by ($0.07). TD SYNNEX had a return on equity of 11.91% and a net margin of 1.18%. The firm had revenue of $14.53 billion during the quarter, compared to analyst estimates of $14.79 billion. During the same period in the prior year, the firm earned $2.99 earnings per share. The business’s revenue was up 4.0% on a year-over-year basis. On average, sell-side analysts predict that TD SYNNEX will post 11.88 EPS for the current fiscal year.

TD SYNNEX Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Friday, April 25th. Stockholders of record on Friday, April 11th will be paid a $0.44 dividend. This represents a $1.76 annualized dividend and a dividend yield of 1.68%. The ex-dividend date of this dividend is Friday, April 11th. TD SYNNEX’s dividend payout ratio is currently 22.11%.

Insider Activity at TD SYNNEX

In other news, Director Richard T. Hume sold 20,000 shares of the business’s stock in a transaction dated Friday, January 3rd. The shares were sold at an average price of $117.62, for a total transaction of $2,352,400.00. Following the transaction, the director now owns 111,080 shares of the company’s stock, valued at approximately $13,065,229.60. The trade was a 15.26 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, Director Ann F. Vezina sold 839 shares of the firm’s stock in a transaction dated Thursday, January 16th. The stock was sold at an average price of $136.08, for a total transaction of $114,171.12. Following the sale, the director now owns 4,856 shares of the company’s stock, valued at approximately $660,804.48. The trade was a 14.73 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last quarter, insiders sold 49,172 shares of company stock valued at $6,353,261. Corporate insiders own 1.00% 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.