TD SYNNEX (SNX) to Release Earnings on Thursday

TD SYNNEX (NYSE:SNX) is expected to post its quarterly earnings results before the market opens on Thursday, March 27th. Analysts expect TD SYNNEX to post earnings of $2.87 per share and revenue of $14.79 billion for the quarter. Parties that wish to register for the company’s conference call can do so using this link.

TD SYNNEX Stock Performance

NYSE:SNX opened at $126.58 on Wednesday. TD SYNNEX has a 1-year low of $106.00 and a 1-year high of $145.10. The firm has a 50 day simple moving average of $137.13 and a 200-day simple moving average of $125.70. The firm has a market cap of $10.68 billion, a PE ratio of 15.90, a P/E/G ratio of 1.06 and a beta of 1.51. The company has a debt-to-equity ratio of 0.46, a current ratio of 1.24 and a quick ratio of 0.76.

TD SYNNEX Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, January 31st. Shareholders of record on Friday, January 24th were paid a dividend of $0.44 per share. This represents a $1.76 dividend on an annualized basis and a dividend yield of 1.39%. The ex-dividend date was Friday, January 24th. This is a positive change from TD SYNNEX’s previous quarterly dividend of $0.40. TD SYNNEX’s dividend payout ratio is currently 22.11%.

Wall Street Analyst Weigh In

Several research firms recently commented on SNX. JPMorgan Chase & Co. upped their target price on TD SYNNEX from $135.00 to $150.00 and gave the company a “neutral” rating in a research note on Monday, January 13th. Barclays increased their price objective on shares of TD SYNNEX from $132.00 to $148.00 and gave the stock an “equal weight” rating in a report on Monday, January 13th. Cfra upgraded shares of TD SYNNEX from a “hold” rating to a “buy” rating and boosted their target price for the company from $122.00 to $147.00 in a report on Friday, January 10th. Royal Bank of Canada increased their price target on shares of TD SYNNEX from $140.00 to $165.00 and gave the stock an “outperform” rating in a research note on Friday, February 21st. Finally, Barrington Research boosted their price objective on shares of TD SYNNEX from $138.00 to $156.00 and gave the company an “outperform” rating in a research note on Thursday, March 20th. Two research analysts have rated the stock with a hold rating and seven have given a buy rating to the company. According to data from MarketBeat, TD SYNNEX currently has a consensus rating of “Moderate Buy” and an average target price of $149.75.

Insider Activity

In other TD SYNNEX news, Director Richard T. Hume sold 20,000 shares of the business’s stock in a transaction dated Friday, January 3rd. The stock was sold at an average price of $117.62, for a total transaction of $2,352,400.00. Following the transaction, the director now owns 111,080 shares in the company, valued at $13,065,229.60. The trade was a 15.26 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, CFO Marshall Witt sold 1,510 shares of the stock in a transaction dated Tuesday, March 18th. The shares were sold at an average price of $128.08, for a total value of $193,400.80. Following the completion of the sale, the chief financial officer now owns 49,843 shares of the company’s stock, valued at approximately $6,383,891.44. This trade represents a 2.94 % decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 49,172 shares of company stock valued at $6,353,261. Company insiders own 1.00% of the company’s stock.

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.