TD SYNNEX (NYSE:SNX) Releases Quarterly Earnings Results, Beats Estimates By $0.28 EPS

TD SYNNEX (NYSE:SNX) released its quarterly earnings results on Tuesday. The business services provider reported $2.99 earnings per share for the quarter, beating the consensus estimate of $2.71 by $0.28, RTT News reports. The company had revenue of $14.95 billion for the quarter, compared to analyst estimates of $14.30 billion. TD SYNNEX had a return on equity of 11.58% and a net margin of 1.21%. TD SYNNEX’s quarterly revenue was up 7.2% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $2.73 EPS. TD SYNNEX updated its Q3 2025 guidance to 2.750-3.250 EPS.

TD SYNNEX Trading Up 0.6%

Shares of NYSE SNX opened at $137.66 on Thursday. TD SYNNEX has a 1-year low of $92.23 and a 1-year high of $145.10. The business has a fifty day moving average price of $120.06 and a 200 day moving average price of $124.20. The stock has a market capitalization of $11.55 billion, a P/E ratio of 16.08, a price-to-earnings-growth ratio of 1.17 and a beta of 1.29. The company has a debt-to-equity ratio of 0.45, a current ratio of 1.26 and a quick ratio of 0.74.

TD SYNNEX Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, July 25th. Stockholders of record on Friday, July 11th will be given a $0.44 dividend. This represents a $1.76 annualized dividend and a dividend yield of 1.28%. The ex-dividend date of this dividend is Friday, July 11th. TD SYNNEX’s payout ratio is 21.97%.

Analyst Ratings Changes

Several equities analysts recently commented on the stock. UBS Group cut their price target on shares of TD SYNNEX from $150.00 to $138.00 and set a “buy” rating on the stock in a report on Friday, March 28th. Barrington Research reaffirmed an “outperform” rating and issued a $156.00 price target on shares of TD SYNNEX in a research note on Monday. Cfra dropped their target price on shares of TD SYNNEX from $147.00 to $132.00 and set a “buy” rating on the stock in a research note on Friday, March 28th. The Goldman Sachs Group decreased their price target on shares of TD SYNNEX from $154.00 to $137.00 and set a “buy” rating for the company in a research note on Friday, March 28th. Finally, Wall Street Zen cut TD SYNNEX from a “buy” rating to a “hold” rating in a research note on Wednesday, March 26th. Three equities research analysts have rated the stock with a hold rating and eight have assigned a buy rating to the stock. According to MarketBeat, TD SYNNEX has an average rating of “Moderate Buy” and an average target price of $139.00.

Insiders Place Their Bets

In other news, insider Miriam Anne Murphy sold 3,000 shares of TD SYNNEX stock in a transaction that occurred on Wednesday, April 30th. The shares were sold at an average price of $110.00, for a total value of $330,000.00. Following the transaction, the insider now owns 14,883 shares of the company’s stock, valued at $1,637,130. The trade was a 16.78% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, CFO Marshall Witt sold 1,509 shares of the stock in a transaction that occurred on Wednesday, June 18th. The shares were sold at an average price of $125.35, for a total transaction of $189,153.15. Following the sale, the chief financial officer now directly owns 49,563 shares of the company’s stock, valued at $6,212,722.05. The trade was a 2.95% decrease in their position. The disclosure for this sale can be found here. 1.00% of the stock is currently owned by corporate insiders.

Institutional Inflows and Outflows

Several hedge funds have recently added to or reduced their stakes in SNX. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC boosted its holdings in TD SYNNEX by 6.6% in the first quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 204,172 shares of the business services provider’s stock worth $21,226,000 after acquiring an additional 12,615 shares in the last quarter. Goldman Sachs Group Inc. raised its position in shares of TD SYNNEX by 5.8% in the 1st quarter. Goldman Sachs Group Inc. now owns 179,210 shares of the business services provider’s stock valued at $18,631,000 after purchasing an additional 9,815 shares during the last quarter. Finally, MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. boosted its stake in TD SYNNEX by 9.5% in the 1st quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 16,820 shares of the business services provider’s stock worth $1,749,000 after purchasing an additional 1,460 shares in the last quarter. 84.00% of the stock is owned by institutional investors and hedge funds.

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.