Tech Data Corp (TECD) to Release Quarterly Earnings on Tuesday
Tech Data Corp (NASDAQ:TECD) is scheduled to be issuing its Q215 quarterly earnings data on Tuesday, August 26th. Analysts expect the company to announce earnings of $0.77 per share and revenue of $6.72 billion for the quarter.
Tech Data Corp (NASDAQ:TECD) last released its earnings data on Thursday, May 29th. The company reported $0.72 EPS for the quarter, missing the Thomson Reuters consensus estimate of $0.92 by $0.20. The company had revenue of $6.73 billion for the quarter, compared to the consensus estimate of $6.48 billion. During the same quarter in the prior year, the company posted $0.66 earnings per share. The company’s quarterly revenue was up 9.4% on a year-over-year basis. On average, analysts expect Tech Data Corp to post $4.82 EPS for the current fiscal year and $5.56 EPS for the next fiscal year.
Shares of Tech Data Corp (NASDAQ:TECD) traded up 0.67% on Monday, hitting $66.29. The stock had a trading volume of 164,338 shares. Tech Data Corp has a 52-week low of $48.35 and a 52-week high of $66.54. The stock has a 50-day moving average of $63.6 and a 200-day moving average of $61.03. The company has a market cap of $2.535 billion and a price-to-earnings ratio of 14.36.
Several analysts have recently commented on the stock. Analysts at Zacks reiterated a “neutral” rating on shares of Tech Data Corp in a research note on Friday. They now have a $70.00 price target on the stock. On a related note, analysts at Bank of America upgraded shares of Tech Data Corp from an “underperform” rating to a “neutral” rating in a research note on Wednesday, July 16th. Finally, analysts at Citigroup Inc. reiterated a “neutral” rating on shares of Tech Data Corp in a research note on Friday, May 30th. They now have a $62.00 price target on the stock, down previously from $66.00. One investment analyst has rated the stock with a sell rating, five have assigned a hold rating and four have issued a buy rating to the company. Tech Data Corp has an average rating of “Hold” and an average target price of $66.00.
Tech Data Corporation (NASDAQ:TECD) is a wholesale distributor of technology products.
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