Wall Street brokerages expect that Tech Data Corporation (NASDAQ:TECD) will report earnings per share of $1.92 for the current fiscal quarter, Zacks Investment Research reports. Three analysts have provided estimates for Tech Data Corporation’s earnings. The highest EPS estimate is $1.95 and the lowest is $1.87. Tech Data Corporation reported earnings of $1.44 per share in the same quarter last year, which would indicate a positive year over year growth rate of 33.3%. The firm is scheduled to announce its next earnings report on Tuesday, November 28th.

According to Zacks, analysts expect that Tech Data Corporation will report full-year earnings of $9.08 per share for the current fiscal year, with EPS estimates ranging from $9.01 to $9.20. For the next year, analysts anticipate that the firm will post earnings of $10.49 per share, with EPS estimates ranging from $10.20 to $10.67. Zacks Investment Research’s earnings per share averages are an average based on a survey of analysts that cover Tech Data Corporation.

Tech Data Corporation (NASDAQ:TECD) last posted its quarterly earnings data on Thursday, August 31st. The company reported $1.74 earnings per share (EPS) for the quarter, missing the consensus estimate of $2.06 by ($0.32). Tech Data Corporation had a return on equity of 11.60% and a net margin of 0.63%. The business had revenue of $8.88 billion for the quarter, compared to analysts’ expectations of $8.74 billion. During the same quarter in the prior year, the firm earned $1.42 earnings per share. Tech Data Corporation’s revenue for the quarter was up 39.8% compared to the same quarter last year.

Several analysts recently weighed in on the company. Citigroup Inc. restated a “hold” rating and set a $100.00 target price on shares of Tech Data Corporation in a research note on Friday, September 1st. Needham & Company LLC restated a “buy” rating and set a $100.00 target price (down previously from $107.00) on shares of Tech Data Corporation in a research note on Monday, September 18th. Loop Capital restated a “buy” rating and set a $120.00 target price (down previously from $130.00) on shares of Tech Data Corporation in a research note on Friday, September 1st. Zacks Investment Research downgraded Tech Data Corporation from a “buy” rating to a “hold” rating in a research note on Monday, September 4th. Finally, BidaskClub downgraded Tech Data Corporation from a “buy” rating to a “hold” rating in a research note on Friday, August 11th. Three research analysts have rated the stock with a hold rating and eight have given a buy rating to the stock. The stock presently has a consensus rating of “Buy” and a consensus price target of $109.33.

Hedge funds have recently made changes to their positions in the business. SpiderRock Advisors LLC bought a new stake in shares of Tech Data Corporation in the 3rd quarter worth approximately $106,000. Zurcher Kantonalbank Zurich Cantonalbank lifted its position in shares of Tech Data Corporation by 15.1% in the 2nd quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 1,490 shares of the company’s stock worth $150,000 after acquiring an additional 195 shares during the period. Invictus RG bought a new stake in shares of Tech Data Corporation in the 1st quarter worth approximately $156,000. Nomura Asset Management Co. Ltd. lifted its position in shares of Tech Data Corporation by 3.4% in the 1st quarter. Nomura Asset Management Co. Ltd. now owns 2,460 shares of the company’s stock worth $231,000 after acquiring an additional 80 shares during the period. Finally, Riverhead Capital Management LLC lifted its position in shares of Tech Data Corporation by 78.4% in the 2nd quarter. Riverhead Capital Management LLC now owns 2,497 shares of the company’s stock worth $252,000 after acquiring an additional 1,097 shares during the period.

Tech Data Corporation (NASDAQ TECD) traded down 0.30% during midday trading on Friday, reaching $91.93. The company’s stock had a trading volume of 702,650 shares. The firm has a market capitalization of $3.51 billion, a PE ratio of 17.45 and a beta of 0.78. The stock has a 50 day moving average of $88.81 and a 200 day moving average of $96.92. Tech Data Corporation has a 52 week low of $74.07 and a 52 week high of $111.10.

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About Tech Data Corporation

Tech Data Corporation is a wholesale distributor of technology products. The Company serves as a link in the technology supply chain by bringing products from the technology vendors to market, as well as providing its customers with logistics capabilities and services. It operates through the segment of distributing technology products, logistics management and other value-added services.

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Earnings History and Estimates for Tech Data Corporation (NASDAQ:TECD)

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