TD SYNNEX (NYSE:SNX) Releases Q4 2024 Earnings Guidance

TD SYNNEX (NYSE:SNX) updated its fourth quarter 2024 earnings guidance on Thursday. The company provided EPS guidance of 2.800-3.300 for the period, compared to the consensus EPS estimate of 3.220. The company issued revenue guidance of $14.9 billion-$15.7 billion, compared to the consensus revenue estimate of $15.2 billion. TD SYNNEX also updated its Q4 guidance to $2.80-3.30 EPS.

Wall Street Analyst Weigh In

SNX has been the topic of several recent analyst reports. Barclays raised their target price on TD SYNNEX from $131.00 to $132.00 and gave the stock an equal weight rating in a research note on Friday. UBS Group boosted their target price on TD SYNNEX from $145.00 to $150.00 and gave the company a buy rating in a research note on Wednesday, June 26th. Royal Bank of Canada reaffirmed an outperform rating and issued a $140.00 price target on shares of TD SYNNEX in a research note on Friday. Bank of America reduced their price objective on shares of TD SYNNEX from $135.00 to $132.00 and set a buy rating on the stock in a research report on Thursday, June 27th. Finally, StockNews.com raised shares of TD SYNNEX from a hold rating to a buy rating in a research note on Friday, August 16th. Three analysts have rated the stock with a hold rating and five have assigned a buy rating to the company. According to MarketBeat, TD SYNNEX has an average rating of Moderate Buy and a consensus price target of $132.57.

TD SYNNEX Stock Performance

Shares of SNX stock opened at $119.67 on Friday. TD SYNNEX has a 12 month low of $89.73 and a 12 month high of $133.85. The stock has a market cap of $10.23 billion, a PE ratio of 16.76, a price-to-earnings-growth ratio of 1.18 and a beta of 1.49. The company’s fifty day moving average price is $116.22 and its 200-day moving average price is $117.86. The company has a current ratio of 1.26, a quick ratio of 0.78 and a debt-to-equity ratio of 0.47.

TD SYNNEX (NYSE:SNX) last announced its earnings results on Thursday, September 26th. The business services provider reported $2.86 earnings per share for the quarter, beating analysts’ consensus estimates of $2.80 by $0.06. TD SYNNEX had a net margin of 1.14% and a return on equity of 12.32%. The business had revenue of $14.68 billion during the quarter, compared to the consensus estimate of $14.11 billion. During the same quarter last year, the firm earned $2.71 earnings per share. The business’s revenue for the quarter was up 5.2% on a year-over-year basis. On average, equities analysts expect that TD SYNNEX will post 11.22 EPS for the current fiscal year.

TD SYNNEX Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Friday, October 25th. Shareholders of record on Friday, October 11th will be issued a $0.40 dividend. The ex-dividend date is Friday, October 11th. This represents a $1.60 annualized dividend and a yield of 1.34%. TD SYNNEX’s dividend payout ratio (DPR) is presently 22.41%.

Insider Buying and Selling

In other news, CFO Marshall Witt sold 11,441 shares of the firm’s stock in a transaction dated Wednesday, August 7th. The shares were sold at an average price of $110.14, for a total transaction of $1,260,111.74. Following the sale, the chief financial officer now owns 45,115 shares of the company’s stock, valued at approximately $4,968,966.10. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. In other TD SYNNEX news, CFO Marshall Witt sold 11,441 shares of the business’s stock in a transaction on Wednesday, August 7th. The shares were sold at an average price of $110.14, for a total transaction of $1,260,111.74. Following the completion of the sale, the chief financial officer now directly owns 45,115 shares in the company, valued at approximately $4,968,966.10. The sale was disclosed in a document filed with the SEC, which is available through this link. Also, COO Patrick Zammit sold 3,513 shares of the stock in a transaction on Friday, July 12th. The shares were sold at an average price of $113.28, for a total value of $397,952.64. Following the transaction, the chief operating officer now directly owns 140,205 shares in the company, valued at $15,882,422.40. The disclosure for this sale can be found here. Insiders sold a total of 15,188 shares of company stock worth $1,685,455 in the last three months. Insiders own 1.90% of the company’s stock.

TD SYNNEX Company Profile

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.