TD SYNNEX (NYSE:SNX) Issues Q4 Earnings Guidance

TD SYNNEX (NYSE:SNX) updated its fourth quarter earnings guidance on Thursday. The company provided EPS guidance of $2.80-3.30 for the period, compared to the consensus EPS estimate of $3.22. The company issued revenue guidance of $14.9-15.7 billion, compared to the consensus revenue estimate of $15.15 billion. TD SYNNEX also updated its Q4 2024 guidance to 2.800-3.300 EPS.

Wall Street Analysts Forecast Growth

SNX has been the topic of a number of research reports. Bank of America cut their price objective on TD SYNNEX from $135.00 to $132.00 and set a buy rating on the stock in a report on Thursday, June 27th. JPMorgan Chase & Co. reduced their price target on shares of TD SYNNEX from $126.00 to $123.00 and set a neutral rating on the stock in a research report on Wednesday, June 26th. UBS Group increased their price objective on shares of TD SYNNEX from $145.00 to $150.00 and gave the stock a buy rating in a research report on Wednesday, June 26th. StockNews.com upgraded shares of TD SYNNEX from a hold rating to a buy rating in a report on Friday, August 16th. Finally, Barrington Research reaffirmed an outperform rating and set a $138.00 price target on shares of TD SYNNEX in a research report on Monday. Three research analysts have rated the stock with a hold rating and six have given a buy rating to the company’s stock. Based on data from MarketBeat.com, the company presently has a consensus rating of Moderate Buy and an average target price of $128.25.

TD SYNNEX Price Performance

Shares of SNX stock opened at $118.71 on Friday. The firm has a fifty day simple moving average of $116.14 and a 200-day simple moving average of $117.76. The company has a market capitalization of $10.14 billion, a PE ratio of 16.63, a price-to-earnings-growth ratio of 1.18 and a beta of 1.49. TD SYNNEX has a twelve month low of $89.73 and a twelve month high of $133.85. The company has a current ratio of 1.26, a quick ratio of 0.78 and a debt-to-equity ratio of 0.47.

TD SYNNEX (NYSE:SNX) last posted its quarterly earnings data on Tuesday, June 25th. The business services provider reported $2.61 earnings per share for the quarter, missing analysts’ consensus estimates of $2.66 by ($0.05). TD SYNNEX had a net margin of 1.14% and a return on equity of 12.32%. The firm had revenue of $13.95 billion during the quarter, compared to analysts’ expectations of $14.12 billion. Equities research analysts anticipate that TD SYNNEX will post 11.22 earnings per share for the current fiscal year.

TD SYNNEX Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Friday, October 25th. Investors of record on Friday, October 11th will be issued a $0.40 dividend. This represents a $1.60 dividend on an annualized basis and a yield of 1.35%. The ex-dividend date is Friday, October 11th. TD SYNNEX’s dividend payout ratio is currently 22.41%.

Insiders Place Their Bets

In related news, CFO Marshall Witt sold 11,441 shares of the company’s stock in a transaction on 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 sale, the chief financial officer now directly owns 45,115 shares of the company’s stock, valued at $4,968,966.10. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. In other news, COO Patrick Zammit sold 3,513 shares of the business’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 value of $397,952.64. Following the completion of the sale, the chief operating officer now directly owns 140,205 shares in the company, valued at approximately $15,882,422.40. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, CFO Marshall Witt sold 11,441 shares of the company’s stock in a transaction that occurred on 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 sale, the chief financial officer now directly owns 45,115 shares in the company, valued at $4,968,966.10. The disclosure for this sale can be found here. Insiders have sold 15,188 shares of company stock worth $1,685,455 in the last three months. 1.90% of the stock is owned by 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.