TD SYNNEX (NYSE:SNX) Issues Q1 Earnings Guidance

TD SYNNEX (NYSE:SNX) updated its first quarter earnings guidance on Friday. The company provided EPS guidance of $2.65-3.15 for the period, compared to the consensus EPS estimate of $2.95. The company issued revenue guidance of $14.4-15.2 billion, compared to the consensus revenue estimate of $14.78 billion. TD SYNNEX also updated its Q1 2025 guidance to 2.650-3.150 EPS.

Analyst Upgrades and Downgrades

Several research analysts recently commented on the stock. Royal Bank of Canada reiterated an “outperform” rating and set a $140.00 price objective on shares of TD SYNNEX in a research note on Tuesday. StockNews.com lowered shares of TD SYNNEX from a “buy” rating to a “hold” rating in a research note on Wednesday, December 18th. 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 note on Friday. Loop Capital restated a “buy” rating and set a $150.00 price target on shares of TD SYNNEX in a research note on Monday, October 7th. Finally, Barrington Research restated an “outperform” rating and set a $138.00 price target on shares of TD SYNNEX in a research note on Monday, September 23rd. Three research analysts have rated the stock with a hold rating and six have issued a buy rating to the company. According to MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus target price of $139.00.

TD SYNNEX Stock Up 9.9 %

NYSE:SNX opened at $134.16 on Friday. The firm has a market capitalization of $11.42 billion, a P/E ratio of 17.36, a PEG ratio of 1.14 and a beta of 1.46. TD SYNNEX has a 1-year low of $98.70 and a 1-year high of $134.48. The company’s fifty day moving average price is $119.77 and its 200-day moving average price is $117.85. The company has a debt-to-equity ratio of 0.46, a current ratio of 1.25 and a quick ratio of 0.77.

Insider Transactions at TD SYNNEX

In related news, insider Simon Leung sold 6,249 shares of the stock in a transaction on Wednesday, November 6th. The shares were sold at an average price of $123.17, for a total transaction of $769,689.33. Following the sale, the insider now directly owns 23,339 shares of the company’s stock, valued at approximately $2,874,664.63. This represents a 21.12 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available at this hyperlink. Also, insider David R. Vetter sold 20,000 shares of the stock in a transaction on Friday, October 18th. The stock was sold at an average price of $123.14, for a total transaction of $2,462,800.00. Following the sale, the insider now directly owns 66,381 shares in the company, valued at $8,174,156.34. This trade represents a 23.15 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 67,876 shares of company stock worth $8,196,529 over the last 90 days. 1.90% of the stock is currently 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.