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

TD SYNNEX (NYSE:SNX) posted its earnings results 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. The business had revenue of $14.53 billion for the quarter, compared to the consensus estimate of $14.79 billion. TD SYNNEX had a return on equity of 11.91% and a net margin of 1.18%. The company’s revenue was up 4.0% compared to the same quarter last year. During the same period in the previous year, the firm earned $2.99 earnings per share. 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 %

Shares of SNX stock traded down $2.41 on Friday, reaching $105.14. 1,079,402 shares of the company were exchanged, compared to its average volume of 752,013. TD SYNNEX has a one year low of $98.00 and a one year high of $145.10. The company has a market cap of $8.87 billion, a price-to-earnings ratio of 13.21, a PEG ratio of 1.06 and a beta of 1.51. The company has a 50-day moving average of $136.32 and a 200-day moving average of $125.58. 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 Announces Dividend

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

Analysts Set New Price Targets

Several analysts recently weighed in on SNX shares. Cfra raised shares of TD SYNNEX from a “hold” rating to a “buy” rating and boosted their price objective for the stock from $122.00 to $147.00 in a research note on Friday, January 10th. JPMorgan Chase & Co. reduced their price target on TD SYNNEX from $150.00 to $125.00 and set a “neutral” rating on the stock in a research report on Friday. StockNews.com downgraded TD SYNNEX from a “buy” rating to a “hold” rating in a research report on Wednesday. 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. Finally, The Goldman Sachs Group lowered their price target on shares of TD SYNNEX from $154.00 to $137.00 and set a “buy” rating for the company in a report on Friday. Three investment analysts have rated the stock with a hold rating and seven have given a buy rating to the stock. According to MarketBeat.com, the company has an average rating of “Moderate Buy” and an average target price of $141.67.

Insider Buying and Selling

In other news, CFO Marshall Witt sold 1,510 shares of TD SYNNEX stock in a transaction dated Tuesday, March 18th. The shares were sold at an average price of $128.08, for a total transaction of $193,400.80. Following the completion of the transaction, the chief financial officer now directly owns 49,843 shares in the company, valued at $6,383,891.44. This trade represents a 2.94 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director Ann F. Vezina sold 839 shares of the firm’s stock in a transaction that occurred on Thursday, January 16th. The shares were sold at an average price of $136.08, for a total value of $114,171.12. Following the completion of the transaction, the director now owns 4,856 shares in the company, valued at $660,804.48. This represents a 14.73 % decrease in their position. The disclosure for this sale can be found here. In the last three months, insiders have sold 49,172 shares of company stock valued at $6,353,261. 1.00% of the stock is owned by company insiders.

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.