TD SYNNEX (NYSE:SNX) Releases FY25 Earnings Guidance

TD SYNNEX (NYSE:SNX) issued an update on its FY25 earnings guidance on Thursday morning. The company provided earnings per share (EPS) guidance of $11.50-12.00 for the period, compared to the consensus estimate of $12.18. TD SYNNEX also updated its FY 2025 guidance to 11.500-12.000 EPS.

Wall Street Analyst Weigh In

SNX has been the topic of a number of research analyst reports. UBS Group dropped their price target on TD SYNNEX from $150.00 to $138.00 and set a “buy” rating for the company in a research note on Friday, March 28th. Barclays lowered their target price on TD SYNNEX from $148.00 to $125.00 and set an “equal weight” rating for the company in a research report on Friday, March 28th. Barrington Research restated an “outperform” rating and issued a $156.00 price target on shares of TD SYNNEX in a research report on Friday, March 28th. StockNews.com lowered shares of TD SYNNEX from a “buy” rating to a “hold” rating in a research report on Wednesday, March 26th. Finally, Royal Bank of Canada boosted their target price on shares of TD SYNNEX from $140.00 to $165.00 and gave the stock an “outperform” rating in a report on Friday, February 21st. Three research analysts have rated the stock with a hold rating and seven have assigned a buy rating to the company. According to MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus price target of $140.00.

TD SYNNEX Trading Down 4.0 %

NYSE:SNX traded down $4.29 during mid-day trading on Thursday, hitting $102.31. 227,642 shares of the stock traded hands, compared to its average volume of 743,653. The company has a quick ratio of 0.76, a current ratio of 1.24 and a debt-to-equity ratio of 0.46. The stock has a market capitalization of $8.63 billion, a price-to-earnings ratio of 12.84, a PEG ratio of 1.06 and a beta of 1.36. TD SYNNEX has a 52 week low of $92.23 and a 52 week high of $145.10. The firm’s 50 day moving average is $127.75 and its two-hundred day moving average is $124.64.

TD SYNNEX (NYSE:SNX) last issued its quarterly earnings results on Thursday, March 27th. The business services provider reported $2.80 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $2.87 by ($0.07). TD SYNNEX had a return on equity of 11.91% and a net margin of 1.18%. The business had revenue of $14.53 billion for the quarter, compared to the consensus estimate of $14.79 billion. During the same period in the prior year, the business posted $2.99 earnings per share. TD SYNNEX’s revenue was up 4.0% on a year-over-year basis. On average, equities research analysts predict that TD SYNNEX will post 11.88 earnings per share for the current year.

TD SYNNEX Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Friday, April 25th. Stockholders of record on Friday, April 11th will be issued a $0.44 dividend. This represents a $1.76 dividend on an annualized basis and a dividend yield of 1.72%. The ex-dividend date is Friday, April 11th. TD SYNNEX’s payout ratio is presently 21.97%.

Insider Buying and Selling

In other TD SYNNEX news, Director Richard T. Hume sold 20,000 shares of TD SYNNEX stock in a transaction on Monday, March 3rd. The stock was sold at an average price of $135.88, for a total transaction of $2,717,600.00. Following the completion of the sale, the director now directly owns 65,480 shares of the company’s stock, valued at $8,897,422.40. The trade was a 23.40 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, CFO Marshall Witt sold 1,510 shares of the stock in a transaction on Tuesday, March 18th. The stock was sold at an average price of $128.08, for a total value of $193,400.80. Following the transaction, the chief financial officer now directly owns 49,843 shares in the company, valued at $6,383,891.44. The trade was a 2.94 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 29,172 shares of company stock valued at $4,000,861 in the last 90 days. Company 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.