TD SYNNEX (NYSE:SNX) Releases 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.

TD SYNNEX Price Performance

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

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

Wall Street Analyst Weigh In

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

Insider Buying and Selling at TD SYNNEX

In other news, Director Richard T. Hume sold 20,000 shares of TD SYNNEX stock in a transaction dated Friday, January 3rd. The stock was sold at an average price of $117.62, for a total value of $2,352,400.00. Following the transaction, the director now directly owns 111,080 shares of the company’s stock, valued at $13,065,229.60. The trade was a 15.26 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at this link. Also, insider Simon Leung sold 6,249 shares of the stock in a transaction that occurred 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 sale, 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 disclosure for this sale can be found here. Insiders sold 67,876 shares of company stock worth $8,196,529 in the last 90 days. 1.90% of the stock is owned by company 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.