TD SYNNEX (SNX) Projected to Post Earnings on Thursday

TD SYNNEX (NYSE:SNX) is anticipated 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 interested in listening to the company’s conference call can do so using this link.

TD SYNNEX Stock Performance

NYSE:SNX opened at $130.31 on Tuesday. The company has a quick ratio of 0.76, a current ratio of 1.24 and a debt-to-equity ratio of 0.46. The firm has a market capitalization of $10.99 billion, a PE ratio of 16.37, a price-to-earnings-growth ratio of 1.06 and a beta of 1.51. TD SYNNEX has a twelve month low of $104.93 and a twelve month high of $145.10. The stock’s 50-day simple moving average is $137.31 and its 200 day simple moving average is $125.59.

TD SYNNEX Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, January 31st. Stockholders of record on Friday, January 24th were paid a $0.44 dividend. This is an increase from TD SYNNEX’s previous quarterly dividend of $0.40. This represents a $1.76 dividend on an annualized basis and a dividend yield of 1.35%. The ex-dividend date was Friday, January 24th. TD SYNNEX’s dividend payout ratio (DPR) is presently 22.11%.

Insider Buying and Selling

In other news, Director Ann F. Vezina sold 839 shares of the stock in a transaction that occurred on Thursday, January 16th. The stock was sold at an average price of $136.08, for a total value of $114,171.12. Following the completion of the sale, the director now directly owns 4,856 shares of the company’s stock, valued at $660,804.48. This represents a 14.73 % 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 company’s stock in a transaction on Tuesday, March 18th. The stock was sold at an average price of $128.08, for a total value of $193,400.80. Following the sale, the chief financial officer now owns 49,843 shares of the company’s stock, valued at $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 three months, insiders have sold 49,172 shares of company stock valued at $6,353,261. 1.00% of the stock is owned by company insiders.

Wall Street Analysts Forecast Growth

Several equities analysts recently commented on SNX shares. StockNews.com raised shares of TD SYNNEX from a “hold” rating to a “buy” rating in a research note on Tuesday, March 18th. Cfra upgraded TD SYNNEX from a “hold” rating to a “buy” rating and increased their price target for the company from $122.00 to $147.00 in a research note on Friday, January 10th. Barrington Research lifted their target price on shares of TD SYNNEX from $138.00 to $156.00 and gave the stock an “outperform” rating in a research report on Thursday, March 20th. JPMorgan Chase & Co. lifted their target price on TD SYNNEX from $135.00 to $150.00 and gave the stock a “neutral” rating in a report on Monday, January 13th. Finally, Royal Bank of Canada upped their price objective on shares of TD SYNNEX from $140.00 to $165.00 and gave the company an “outperform” rating in a research note on Friday, February 21st. Two analysts have rated the stock with a hold rating and seven have issued a buy rating to the company. Based on data from MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus target price of $149.75.

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.