TD SYNNEX (NYSE:SNX) Releases FY 2025 Earnings Guidance

TD SYNNEX (NYSE:SNX) issued an update on its FY 2025 earnings guidance on Thursday morning. The company provided EPS guidance of 11.500-12.000 for the period, compared to the consensus EPS estimate of 12.180. The company issued revenue guidance of -. TD SYNNEX also updated its FY25 guidance to $11.50-12.00 EPS.

TD SYNNEX Stock Performance

Shares of TD SYNNEX stock opened at $101.83 on Friday. The company has a market cap of $8.55 billion, a PE ratio of 12.79, a P/E/G ratio of 1.06 and a beta of 1.36. The business has a 50-day simple moving average of $126.24 and a 200-day simple moving average of $124.42. 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 has a one year low of $92.23 and a one year high of $145.10.

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

TD SYNNEX Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Friday, April 25th. Investors of record on Friday, April 11th will be paid a $0.44 dividend. This represents a $1.76 annualized dividend and a yield of 1.73%. The ex-dividend date of this dividend is Friday, April 11th. TD SYNNEX’s payout ratio is 21.97%.

Wall Street Analysts Forecast Growth

Several brokerages recently commented on SNX. Barrington Research reaffirmed an “outperform” rating and set a $156.00 price target on shares of TD SYNNEX in a research report on Friday, March 28th. JPMorgan Chase & Co. dropped their price target on TD SYNNEX from $125.00 to $120.00 and set a “neutral” rating for the company in a research note on Friday. Cfra dropped their target price on shares of TD SYNNEX from $147.00 to $132.00 and set a “buy” rating for the company in a research report on Friday, March 28th. The Goldman Sachs Group cut their target price on shares of TD SYNNEX from $154.00 to $137.00 and set a “buy” rating on the stock in a research note on Friday, March 28th. Finally, Royal Bank of Canada dropped their price objective on shares of TD SYNNEX from $165.00 to $145.00 and set an “outperform” rating on the stock in a research note on Friday. Three equities research analysts have rated the stock with a hold rating and seven have assigned a buy rating to the stock. Based on data from MarketBeat, TD SYNNEX has an average rating of “Moderate Buy” and an average target price of $137.22.

Insider Activity at TD SYNNEX

In related news, CEO Patrick Zammit sold 6,823 shares of TD SYNNEX stock in a transaction dated Thursday, January 30th. The stock was sold at an average price of $143.00, for a total transaction of $975,689.00. Following the sale, the chief executive officer now directly owns 165,604 shares of the company’s stock, valued at $23,681,372. This trade represents a 3.96 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, CFO Marshall Witt sold 1,510 shares of the business’s stock in a transaction that occurred on Tuesday, March 18th. The shares were sold at an average price of $128.08, for a total value of $193,400.80. Following the sale, the chief financial officer now owns 49,843 shares in the company, valued at approximately $6,383,891.44. This represents a 2.94 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders have sold 29,172 shares of company stock worth $4,000,861. 1.00% of the stock is owned by 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.