TD SYNNEX (NYSE:SNX) Issues FY25 Earnings Guidance

TD SYNNEX (NYSE:SNX) updated its FY25 earnings guidance on Thursday. 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

A number of analysts recently issued reports on SNX shares. JPMorgan Chase & Co. lowered their price target on TD SYNNEX from $125.00 to $120.00 and set a “neutral” rating for the company in a report on Friday. Barrington Research reissued an “outperform” rating and set a $156.00 target price on shares of TD SYNNEX in a research report on Friday, March 28th. 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. The Goldman Sachs Group dropped their target price on TD SYNNEX from $154.00 to $137.00 and set a “buy” rating on the stock in a research report on Friday, March 28th. Finally, Cfra dropped their price objective on TD SYNNEX from $147.00 to $132.00 and set a “buy” rating on the stock in a research report on Friday, March 28th. Three equities research analysts have rated the stock with a hold rating and seven have issued a buy rating to the company’s stock. According to data from MarketBeat.com, TD SYNNEX currently has an average rating of “Moderate Buy” and a consensus price target of $137.22.

TD SYNNEX Stock Down 0.0 %

NYSE:SNX opened at $101.83 on Friday. The company has a current ratio of 1.24, a quick ratio of 0.76 and a debt-to-equity ratio of 0.46. TD SYNNEX has a twelve month low of $92.23 and a twelve month high of $145.10. 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 company’s 50 day moving average is $126.24 and its two-hundred day moving average is $124.42.

TD SYNNEX (NYSE:SNX) last released its earnings results on Thursday, March 27th. The business services provider reported $2.80 earnings per share (EPS) for the quarter, missing the consensus estimate of $2.87 by ($0.07). The firm had revenue of $14.53 billion during the quarter, compared to analyst estimates of $14.79 billion. TD SYNNEX had a net margin of 1.18% and a return on equity of 11.91%. TD SYNNEX’s revenue was up 4.0% on a year-over-year basis. During the same period in the previous year, the company earned $2.99 earnings per share. Analysts anticipate that TD SYNNEX will post 11.88 EPS for the current year.

TD SYNNEX Dividend Announcement

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

Insider Buying and Selling at TD SYNNEX

In other news, CFO Marshall Witt sold 1,510 shares of TD SYNNEX stock in a transaction that occurred on 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 of the company’s stock, valued at $6,383,891.44. The trade was a 2.94 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, Director Ann F. Vezina sold 839 shares of the firm’s stock in a transaction on Thursday, January 16th. The shares were sold at an average price of $136.08, for a total transaction of $114,171.12. Following the sale, the director now owns 4,856 shares in the company, valued at approximately $660,804.48. This represents a 14.73 % decrease in their position. The disclosure for this sale can be found here. In the last ninety days, insiders sold 29,172 shares of company stock worth $4,000,861. 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.