Zacks Research Has Positive Outlook of TD SYNNEX Q3 Earnings

TD SYNNEX Corporation (NYSE:SNX) – Zacks Research upped their Q3 2026 EPS estimates for TD SYNNEX in a report released on Thursday, July 16th. Zacks Research analyst Team now forecasts that the business services provider will earn $4.40 per share for the quarter, up from their prior forecast of $3.26. Zacks Research currently has a “Strong-Buy” rating on the stock. The consensus estimate for TD SYNNEX’s current full-year earnings is $18.02 per share. Zacks Research also issued estimates for TD SYNNEX’s Q4 2026 earnings at $4.37 EPS, FY2026 earnings at $17.96 EPS, Q1 2027 earnings at $4.83 EPS, Q2 2027 earnings at $5.18 EPS, Q3 2027 earnings at $5.16 EPS, Q4 2027 earnings at $5.37 EPS, FY2027 earnings at $20.53 EPS, Q1 2028 earnings at $5.91 EPS, Q2 2028 earnings at $6.38 EPS and FY2028 earnings at $26.10 EPS.

TD SYNNEX (NYSE:SNX) last released its earnings results on Thursday, June 25th. The business services provider reported $4.85 earnings per share for the quarter, beating analysts’ consensus estimates of $4.14 by $0.71. The company had revenue of $19.57 billion for the quarter, compared to analysts’ expectations of $16.80 billion. TD SYNNEX had a net margin of 1.63% and a return on equity of 15.37%. TD SYNNEX’s revenue for the quarter was up 31.0% on a year-over-year basis. During the same quarter in the previous year, the company earned $2.99 EPS. TD SYNNEX has set its Q3 2026 guidance at 4.250-4.750 EPS.

Other equities analysts also recently issued research reports about the stock. UBS Group boosted their target price on shares of TD SYNNEX from $310.00 to $352.00 and gave the stock a “buy” rating in a report on Friday, June 26th. JPMorgan Chase & Co. upgraded TD SYNNEX from a “neutral” rating to an “overweight” rating and set a $298.00 target price on the stock in a research report on Wednesday, May 27th. Royal Bank Of Canada set a $340.00 price target on TD SYNNEX in a report on Friday, June 26th. Morgan Stanley increased their target price on TD SYNNEX from $341.00 to $374.00 and gave the company an “overweight” rating in a research report on Friday, June 26th. Finally, Weiss Ratings lowered shares of TD SYNNEX from a “buy (b+)” rating to a “buy (b)” rating in a report on Wednesday, June 17th. One research analyst has rated the stock with a Strong Buy rating, eight have assigned a Buy rating and one has given a Hold rating to the company. According to data from MarketBeat, TD SYNNEX currently has an average rating of “Buy” and an average target price of $294.67.

TD SYNNEX Price Performance

NYSE:SNX opened at $249.18 on Wednesday. The business’s 50-day simple moving average is $257.75 and its two-hundred day simple moving average is $203.97. TD SYNNEX has a 52 week low of $139.23 and a 52 week high of $296.47. The stock has a market cap of $19.92 billion, a PE ratio of 17.84, a P/E/G ratio of 0.67 and a beta of 1.43. The company has a quick ratio of 0.64, a current ratio of 1.20 and a debt-to-equity ratio of 0.40.

Hedge Funds Weigh In On TD SYNNEX

A number of large investors have recently made changes to their positions in SNX. Ossiam raised its position in TD SYNNEX by 84.3% in the 3rd quarter. Ossiam now owns 164 shares of the business services provider’s stock worth $27,000 after purchasing an additional 75 shares during the period. Dorato Capital Management purchased a new position in TD SYNNEX during the 4th quarter valued at $27,000. Measured Wealth Private Client Group LLC bought a new position in TD SYNNEX in the 3rd quarter valued at $30,000. Aster Capital Management DIFC Ltd purchased a new stake in TD SYNNEX in the fourth quarter worth $28,000. Finally, SJS Investment Consulting Inc. grew its holdings in shares of TD SYNNEX by 44.6% in the first quarter. SJS Investment Consulting Inc. now owns 201 shares of the business services provider’s stock worth $34,000 after purchasing an additional 62 shares during the last quarter. 84.00% of the stock is owned by hedge funds and other institutional investors.

Insider Buying and Selling at TD SYNNEX

In related news, Director Richard T. Hume sold 5,000 shares of the stock in a transaction on Monday, July 6th. The stock was sold at an average price of $242.97, for a total transaction of $1,214,850.00. Following the sale, the director owned 18,537 shares in the company, valued at approximately $4,503,934.89. This represents a 21.24% decrease in their position. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Over the last 90 days, insiders sold 20,000 shares of company stock worth $4,933,700. Insiders own 0.70% of the company’s stock.

TD SYNNEX Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Friday, July 31st. Stockholders of record on Friday, July 17th will be issued a $0.48 dividend. The ex-dividend date is Friday, July 17th. This represents a $1.92 dividend on an annualized basis and a dividend yield of 0.8%. TD SYNNEX’s payout ratio is 13.74%.

Key Headlines Impacting TD SYNNEX

Here are the key news stories impacting TD SYNNEX this week:

• Positive Sentiment: Zacks Research raised TD SYNNEX’s forward EPS estimates across several quarters and fiscal years, signaling expectations for stronger earnings growth and potentially supporting the stock. TD SYNNEX Included in Forbes’ America’s Dream Employers 2026
• Positive Sentiment: The firm’s FY2026 EPS estimate was increased to $17.96 from $15.05, while FY2027 was raised to $20.53 from $15.95 and FY2028 to $26.10 from $17.40, indicating analysts see a much stronger long-term earnings trajectory. TD SYNNEX Included in Forbes’ America’s Dream Employers 2026
• Neutral Sentiment: TD SYNNEX was also included in Forbes’ America’s Dream Employers 2026, a reputational positive that is not likely to move the stock as much as the earnings revisions. TD SYNNEX Included in Forbes’ America’s Dream Employers 2026

About TD SYNNEX

TD SYNNEX (NYSE: SNX) is a leading global distributor and solutions aggregator for the information technology industry. Formed in September 2021 through the merger of Tech Data and SYNNEX Corporation, the company provides a comprehensive range of products, services and solutions that span hardware, software, cloud, mobility, security and data center technologies. TD SYNNEX partners with vendors, resellers and system integrators to design, deploy and support IT infrastructures across diverse market segments, including commercial enterprises, public sector organizations and retail operations.

The company’s core business activities include the distribution of technology products from manufacturers such as servers, storage, networking equipment and peripherals, as well as the resale and provisioning of software licenses and cloud-based solutions.