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.

Analyst Ratings Changes

A number of analysts have weighed in on the company. Royal Bank of Canada upgraded TD SYNNEX from a sector perform rating to an outperform rating and raised their price target for the company from $135.00 to $140.00 in a research note on Monday, July 15th. Barrington Research reaffirmed an outperform rating and issued a $138.00 price target on shares of TD SYNNEX in a report on Monday. UBS Group raised their price objective on shares of TD SYNNEX from $145.00 to $150.00 and gave the stock a buy rating in a 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, JPMorgan Chase & Co. cut 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 note on Wednesday, June 26th. 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 stock currently has a consensus rating of Moderate Buy and a consensus target price of $128.25.

TD SYNNEX Stock Up 1.2 %

Shares of NYSE:SNX opened at $118.71 on Friday. The company has a debt-to-equity ratio of 0.47, a current ratio of 1.26 and a quick ratio of 0.78. The stock has a market cap of $10.14 billion, a P/E ratio of 16.63, a P/E/G ratio of 1.18 and a beta of 1.49. TD SYNNEX has a 1-year low of $89.73 and a 1-year high of $133.85. The firm has a fifty day moving average price of $116.14 and a 200 day moving average price of $117.76.

TD SYNNEX (NYSE:SNX) last released its quarterly earnings results on Tuesday, June 25th. The business services provider reported $2.61 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $2.66 by ($0.05). The company had revenue of $13.95 billion for the quarter, compared to analysts’ expectations of $14.12 billion. TD SYNNEX had a return on equity of 12.32% and a net margin of 1.14%. Sell-side analysts predict that TD SYNNEX will post 11.22 EPS for the current year.

TD SYNNEX Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Friday, October 25th. Shareholders of record on Friday, October 11th will be paid a $0.40 dividend. The ex-dividend date of this dividend is Friday, October 11th. This represents a $1.60 annualized dividend and a dividend yield of 1.35%. TD SYNNEX’s dividend payout ratio (DPR) is currently 22.41%.

Insider Activity

In other TD SYNNEX news, COO Patrick Zammit sold 3,513 shares of the company’s stock in a transaction on Friday, July 12th. The shares were sold at an average price of $113.28, for a total transaction of $397,952.64. Following the completion of the transaction, the chief operating officer now owns 140,205 shares in the company, valued at approximately $15,882,422.40. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. In other news, COO Patrick Zammit sold 3,513 shares of the stock in a transaction that occurred on Friday, July 12th. The stock was sold at an average price of $113.28, for a total transaction of $397,952.64. Following the completion of the transaction, the chief operating officer now directly owns 140,205 shares of the company’s stock, valued at approximately $15,882,422.40. The sale was disclosed in a document filed with the SEC, which is accessible through this link. Also, CFO Marshall Witt sold 11,441 shares of TD SYNNEX 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 completion of the sale, the chief financial officer now owns 45,115 shares in the company, valued at $4,968,966.10. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 15,188 shares of company stock valued at $1,685,455. Company insiders own 1.90% 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.