TD SYNNEX (NYSE:SNX) Announces Quarterly Earnings Results, Misses Estimates By $0.07 EPS

TD SYNNEX (NYSE:SNX) issued its quarterly earnings results on Thursday. The business services provider reported $2.80 EPS for the quarter, missing analysts’ consensus estimates of $2.87 by ($0.07), Briefing.com reports. TD SYNNEX had a return on equity of 11.91% and a net margin of 1.18%. The company had revenue of $14.53 billion during the quarter, compared to the consensus estimate of $14.79 billion. During the same period in the previous year, the company earned $2.99 EPS. TD SYNNEX’s quarterly revenue was up 4.0% on a year-over-year basis. 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 Stock Down 2.2 %

NYSE:SNX traded down $2.41 during midday trading on Friday, reaching $105.14. 1,079,402 shares of the stock traded hands, compared to its average volume of 752,013. The business has a 50-day moving average of $136.32 and a two-hundred day moving average of $125.58. TD SYNNEX has a 12-month low of $98.00 and a 12-month high of $145.10. The stock has a market capitalization of $8.87 billion, a PE ratio of 13.21, 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 quick ratio of 0.76 and a current ratio of 1.24.

TD SYNNEX Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Friday, April 25th. Shareholders of record on Friday, April 11th will be given a dividend of $0.44 per share. The ex-dividend date of this dividend is Friday, April 11th. This represents a $1.76 annualized dividend and a yield of 1.67%. TD SYNNEX’s dividend payout ratio (DPR) is presently 22.11%.

Wall Street Analyst Weigh In

Several equities analysts have recently commented on SNX shares. UBS Group reduced their price objective on TD SYNNEX from $150.00 to $138.00 and set a “buy” rating on the stock in a research report on Friday. Cfra upgraded shares of TD SYNNEX from a “hold” rating to a “buy” rating and upped their price target for the company from $122.00 to $147.00 in a research report on Friday, January 10th. Barrington Research restated an “outperform” rating and issued a $156.00 target price on shares of TD SYNNEX in a report on Friday. The Goldman Sachs Group decreased their price objective on shares of TD SYNNEX from $154.00 to $137.00 and set a “buy” rating for the company in a report on Friday. Finally, Royal Bank of Canada boosted their price objective on shares of TD SYNNEX from $140.00 to $165.00 and gave the stock an “outperform” rating in a research note on Friday, February 21st. Three analysts have rated the stock with a hold rating and seven have issued a buy rating to the company. According to MarketBeat, TD SYNNEX presently has a consensus rating of “Moderate Buy” and a consensus target price of $141.67.

Insider Buying and Selling

In other TD SYNNEX news, CEO Patrick Zammit sold 6,823 shares of TD SYNNEX stock in a transaction that occurred on Thursday, January 30th. The shares were sold at an average price of $143.00, for a total transaction of $975,689.00. Following the completion of the sale, the chief executive officer now directly owns 165,604 shares in the company, valued at approximately $23,681,372. The trade was a 3.96 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Also, CFO Marshall Witt sold 1,510 shares of the firm’s stock in a transaction on Tuesday, March 18th. The stock was sold at an average price of $128.08, for a total transaction of $193,400.80. Following the transaction, the chief financial officer now directly owns 49,843 shares of the company’s stock, valued at approximately $6,383,891.44. This trade represents a 2.94 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 49,172 shares of company stock worth $6,353,261 in the last three months. Corporate insiders own 1.00% of the company’s stock.

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.