TD SYNNEX (NYSE:SNX – Get Free Report) updated its first quarter 2025 earnings guidance on Friday. The company provided earnings per share guidance of 2.650-3.150 for the period, compared to the consensus earnings per share estimate of 2.950. The company issued revenue guidance of $14.4 billion-$15.2 billion, compared to the consensus revenue estimate of $14.8 billion. TD SYNNEX also updated its Q1 guidance to $2.65-3.15 EPS.
Analyst Ratings Changes
A number of research firms recently weighed in on SNX. StockNews.com cut shares of TD SYNNEX from a “buy” rating to a “hold” rating in a research note on Wednesday, December 18th. Royal Bank of Canada reiterated an “outperform” rating and issued a $140.00 price objective on shares of TD SYNNEX in a research report on Tuesday. Cfra upgraded TD SYNNEX from a “hold” rating to a “buy” rating and increased their target price for the stock from $122.00 to $147.00 in a report on Friday. Loop Capital reaffirmed a “buy” rating and issued a $150.00 price target on shares of TD SYNNEX in a report on Monday, October 7th. Finally, Barrington Research reissued an “outperform” rating and set a $138.00 price objective on shares of TD SYNNEX in a report on Monday, September 23rd. Three analysts have rated the stock with a hold rating and six have given a buy rating to the stock. According to MarketBeat.com, TD SYNNEX currently has an average rating of “Moderate Buy” and an average price target of $139.00.
Read Our Latest Stock Analysis on SNX
TD SYNNEX Stock Performance
Insider Activity
In related news, Director Richard T. Hume sold 20,000 shares of the company’s stock in a transaction on Wednesday, October 16th. The shares were sold at an average price of $120.72, for a total value of $2,414,400.00. Following the completion of the transaction, the director now directly owns 171,080 shares of the company’s stock, valued at approximately $20,652,777.60. This represents a 10.47 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, CFO Marshall Witt sold 1,510 shares of the business’s stock in a transaction on Wednesday, December 18th. The stock was sold at an average price of $121.13, for a total transaction of $182,906.30. Following the completion of the sale, the chief financial officer now directly owns 48,362 shares in the company, valued at approximately $5,858,089.06. This represents a 3.03 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 67,876 shares of company stock valued at $8,196,529 in the last quarter. Company insiders own 1.90% 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.
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