SYNNEX (NYSE:SNX) posted its quarterly earnings data on Sunday. The business services provider reported $5.21 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $3.83 by $1.38, Briefing.com reports. SYNNEX had a return on equity of 16.78% and a net margin of 2.06%. The business 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 company earned $4.26 earnings per share. The firm’s quarterly revenue was up 12.7% compared to the same quarter last year.
NYSE SNX traded up $0.54 on Tuesday, reaching $88.23. 35,259 shares of the stock traded hands, compared to its average volume of 523,133. The company has a debt-to-equity ratio of 0.64, a quick ratio of 1.02 and a current ratio of 1.52. The company has a fifty day moving average price of $95.99 and a 200-day moving average price of $123.28. The company has a market cap of $4.55 billion, a price-to-earnings ratio of 9.40, a PEG ratio of 1.30 and a beta of 1.51. SYNNEX has a 12 month low of $21.25 and a 12 month high of $89.86.
Several equities research analysts recently commented on SNX shares. TheStreet cut SYNNEX from a “b-” rating to a “c” rating in a research report on Tuesday, December 22nd. Stifel Nicolaus downgraded SYNNEX from a “buy” rating to a “hold” rating and lowered their target price for the company from $156.00 to $85.00 in a report on Tuesday, December 8th. Loop Capital raised their price target on SYNNEX from $140.00 to $170.00 in a report on Wednesday, September 30th. Barrington Research dropped their target price on SYNNEX from $160.00 to $90.00 and set an “outperform” rating for the company in a report on Wednesday, December 9th. Finally, Smith Barney Citigroup lifted their target price on SYNNEX from $95.00 to $100.00 in a report on Tuesday. One investment analyst has rated the stock with a sell rating, three have issued a hold rating, four have issued a buy rating and two have given a strong buy rating to the company’s stock. The stock currently has an average rating of “Buy” and a consensus price target of $118.11.
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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