TD SYNNEX (NYSE:SNX) Announces Earnings Results

TD SYNNEX (NYSE:SNX) released its quarterly earnings data on Thursday. The business services provider reported $2.80 earnings per share for the quarter, missing analysts’ consensus estimates of $2.87 by ($0.07), Briefing.com reports. TD SYNNEX had a net margin of 1.18% and a return on equity of 11.91%. The company had revenue of $14.53 billion for the quarter, compared to analysts’ expectations of $14.79 billion. During the same period last year, the company posted $2.99 EPS. The business’s revenue for the quarter was up 4.0% compared to the same quarter last year. TD SYNNEX updated its Q2 guidance to $2.45-2.95 EPS and its Q2 2025 guidance to 2.450-2.950 EPS.

TD SYNNEX Trading Down 2.9 %

Shares of NYSE SNX opened at $104.45 on Friday. The stock has a market cap of $8.81 billion, a P/E ratio of 13.12, a price-to-earnings-growth ratio of 1.06 and a beta of 1.51. The company has a debt-to-equity ratio of 0.46, a current ratio of 1.24 and a quick ratio of 0.76. TD SYNNEX has a 1 year low of $98.00 and a 1 year high of $145.10. The firm has a 50-day moving average of $135.67 and a 200 day moving average of $125.53.

TD SYNNEX Announces Dividend

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

Insider Buying and Selling at TD SYNNEX

In related news, Director Richard T. Hume sold 20,000 shares of the firm’s stock in a transaction that occurred on 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 completion of the sale, the director now owns 111,080 shares of the company’s stock, valued at $13,065,229.60. This trade represents a 15.26 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, CEO Patrick Zammit sold 6,823 shares of the company’s stock in a transaction that occurred on Thursday, January 30th. The shares were sold at an average price of $143.00, for a total value of $975,689.00. Following the completion of the transaction, the chief executive officer now directly owns 165,604 shares in the company, valued at $23,681,372. This trade represents a 3.96 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over 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.

Wall Street Analysts Forecast Growth

SNX has been the topic of a number of recent analyst reports. StockNews.com lowered shares of TD SYNNEX from a “buy” rating to a “hold” rating in a report on Wednesday. JPMorgan Chase & Co. cut their target price on TD SYNNEX from $150.00 to $125.00 and set a “neutral” rating on the stock in a research note on Friday. The Goldman Sachs Group lowered their price target on TD SYNNEX from $154.00 to $137.00 and set a “buy” rating for the company in a research report on Friday. Barclays cut their price objective on TD SYNNEX from $148.00 to $125.00 and set an “equal weight” rating on the stock in a research report on Friday. Finally, Royal Bank of Canada upped their target price on TD SYNNEX from $140.00 to $165.00 and gave the company an “outperform” rating in a report on Friday, February 21st. Three analysts have rated the stock with a hold rating and seven have assigned a buy rating to the stock. According to data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average target price of $140.00.

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.