SYNNEX (NYSE:SNX) issued its quarterly earnings results on Sunday. The business services provider reported $5.21 earnings per share for the quarter, topping the Zacks’ consensus estimate of $3.83 by $1.38, Briefing.com reports. SYNNEX had a net margin of 2.06% and a return on equity of 16.78%. The company had revenue of $7.41 billion during the quarter, compared to the consensus estimate of $6.60 billion. During the same quarter in the prior year, the firm posted $4.26 EPS. The firm’s quarterly revenue was up 12.7% on a year-over-year basis.
Shares of SNX traded up $1.28 during trading hours on Tuesday, hitting $88.97. 28,948 shares of the stock were exchanged, compared to its average volume of 523,133. SYNNEX has a fifty-two week low of $21.25 and a fifty-two week high of $89.86. The company has a debt-to-equity ratio of 0.64, a current ratio of 1.52 and a quick ratio of 1.02. The business has a 50-day moving average of $95.99 and a 200-day moving average of $123.28. The firm has a market capitalization of $4.59 billion, a P/E ratio of 9.40, a price-to-earnings-growth ratio of 1.30 and a beta of 1.51.
In other news, insider Michael Urban sold 242 shares of the stock in a transaction dated Wednesday, October 28th. The shares were sold at an average price of $134.10, for a total value of $32,452.20. Following the completion of the sale, the insider now owns 9,618 shares in the company, valued at $1,289,773.80. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, Director Kevin M. Murai sold 5,324 shares of the stock in a transaction dated Wednesday, October 21st. The shares were sold at an average price of $143.55, for a total transaction of $764,260.20. Following the completion of the sale, the director now owns 7,739 shares of the company’s stock, valued at approximately $1,110,933.45. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 23,153 shares of company stock valued at $3,352,059. 2.80% of the stock is currently owned by corporate insiders.
SYNNEX Company Profile
SYNNEX Corporation provides business process services in the United States and internationally. It operates in two segments, Technology Solutions and Concentrix. The Technology Solutions segment distributes peripherals; information technology systems, including data center servers and storage solutions; system components; software; networking, communications, and security equipment; consumer electronics; and complementary products.
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