TD SYNNEX (NYSE:SNX – Get Free Report) updated its third quarter earnings guidance on Tuesday. The company provided EPS guidance of $2.55-3.05 for the period, compared to the consensus EPS estimate of $2.93. The company issued revenue guidance of $13.30-14.90 billion, compared to the consensus revenue estimate of $14.52 billion.
TD SYNNEX Price Performance
SNX opened at $129.35 on Tuesday. The company has a quick ratio of 0.75, a current ratio of 1.22 and a debt-to-equity ratio of 0.38. The company’s 50-day moving average price is $124.54 and its 200 day moving average price is $112.34. TD SYNNEX has a fifty-two week low of $87.68 and a fifty-two week high of $133.85. The firm has a market cap of $11.53 billion, a price-to-earnings ratio of 18.77, a price-to-earnings-growth ratio of 1.26 and a beta of 1.55.
TD SYNNEX (NYSE:SNX – Get Free Report) last announced its quarterly earnings results on Tuesday, March 26th. The business services provider reported $2.83 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.71 by $0.12. TD SYNNEX had a return on equity of 12.16% and a net margin of 1.12%. The business had revenue of $13.98 billion for the quarter, compared to the consensus estimate of $14.37 billion. As a group, sell-side analysts expect that TD SYNNEX will post 11.38 earnings per share for the current year.
Wall Street Analysts Forecast Growth
Get Our Latest Analysis on TD SYNNEX
Insider Activity at TD SYNNEX
In other news, CEO Richard T. Hume sold 10,000 shares of TD SYNNEX stock in a transaction that occurred on Wednesday, May 1st. The shares were sold at an average price of $115.79, for a total value of $1,157,900.00. Following the transaction, the chief executive officer now owns 219,363 shares of the company’s stock, valued at approximately $25,400,041.77. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. In other news, insider Dennis Polk sold 20,000 shares of TD SYNNEX stock in a transaction that occurred on Monday, April 8th. The shares were sold at an average price of $118.10, for a total value of $2,362,000.00. Following the transaction, the insider now directly owns 134,706 shares of the company’s stock, valued at $15,908,778.60. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, CEO Richard T. Hume sold 10,000 shares of the firm’s stock in a transaction that occurred on Wednesday, May 1st. The stock was sold at an average price of $115.79, for a total transaction of $1,157,900.00. Following the completion of the transaction, the chief executive officer now directly owns 219,363 shares of the company’s stock, valued at approximately $25,400,041.77. The disclosure for this sale can be found here. Company 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.
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