TD SYNNEX (NYSE:SNX) Updates Q1 Earnings Guidance

TD SYNNEX (NYSE:SNX) issued an update on its first quarter earnings guidance on Friday morning. The company provided earnings per share (EPS) guidance of $2.65-3.15 for the period, compared to the consensus EPS estimate of $2.95. The company issued revenue guidance of $14.4-15.2 billion, compared to the consensus revenue estimate of $14.78 billion. TD SYNNEX also updated its Q1 2025 guidance to 2.650-3.150 EPS.

TD SYNNEX Trading Up 9.9 %

NYSE SNX opened at $134.16 on Friday. TD SYNNEX has a 52 week low of $98.70 and a 52 week high of $134.48. The business has a 50 day moving average price of $120.14 and a 200-day moving average price of $117.89. The company has a quick ratio of 0.77, a current ratio of 1.25 and a debt-to-equity ratio of 0.46. The company has a market cap of $11.42 billion, a price-to-earnings ratio of 17.36, a P/E/G ratio of 1.14 and a beta of 1.46.

Analyst Upgrades and Downgrades

A number of research analysts have recently issued reports on the stock. Barclays lifted their price objective on shares of TD SYNNEX from $131.00 to $132.00 and gave the company an “equal weight” rating in a report on Friday, September 27th. Loop Capital restated a “buy” rating and issued a $150.00 target price on shares of TD SYNNEX in a report on Monday, October 7th. Cfra upgraded TD SYNNEX from a “hold” rating to a “buy” rating and upped their price target for the stock from $122.00 to $147.00 in a report on Friday. Barrington Research reaffirmed an “outperform” rating and set a $138.00 price objective on shares of TD SYNNEX in a report on Monday, September 23rd. Finally, StockNews.com downgraded shares of TD SYNNEX from a “buy” rating to a “hold” rating in a report on Wednesday, December 18th. Three investment analysts have rated the stock with a hold rating and six have given a buy rating to the company’s stock. Based on data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average price target of $139.00.

Insider Buying and Selling at TD SYNNEX

In related news, insider Simon Leung sold 6,249 shares of the business’s stock in a transaction dated Wednesday, November 6th. The stock was sold at an average price of $123.17, for a total value of $769,689.33. Following the sale, the insider now directly owns 23,339 shares in the company, valued at approximately $2,874,664.63. The trade was a 21.12 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, insider David R. Vetter sold 20,000 shares of the stock in a transaction dated Friday, October 18th. The stock was sold at an average price of $123.14, for a total transaction of $2,462,800.00. Following the transaction, the insider now owns 66,381 shares of the company’s stock, valued at $8,174,156.34. This represents a 23.15 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 67,876 shares of company stock worth $8,196,529 over the last three months. 1.90% of the stock is currently owned by insiders.

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.