Analysts Expect Tech Data Corp (TECD) to Post $3.53 EPS
Wall Street analysts expect that Tech Data Corp (NASDAQ:TECD) will post $3.53 earnings per share for the current fiscal quarter, Zacks Investment Research reports. Three analysts have issued estimates for Tech Data’s earnings. The highest EPS estimate is $3.55 and the lowest is $3.51. Tech Data reported earnings per share of $2.45 during the same quarter last year, which would suggest a positive year-over-year growth rate of 44.1%. The company is expected to announce its next earnings report on Wednesday, March 14th.
According to Zacks, analysts expect that Tech Data will report full-year earnings of $9.14 per share for the current financial year, with EPS estimates ranging from $9.11 to $9.17. For the next fiscal year, analysts anticipate that the business will post earnings of $10.56 per share, with EPS estimates ranging from $10.25 to $10.89. Zacks’ earnings per share calculations are a mean average based on a survey of sell-side analysts that follow Tech Data.
Tech Data (NASDAQ:TECD) last released its quarterly earnings results on Monday, November 27th. The company reported $2.00 EPS for the quarter, beating analysts’ consensus estimates of $1.90 by $0.10. Tech Data had a return on equity of 11.90% and a net margin of 0.59%. The company had revenue of $9.14 billion during the quarter, compared to analysts’ expectations of $9.10 billion. During the same period last year, the business posted $1.44 earnings per share. The firm’s revenue was up 40.8% compared to the same quarter last year.
In related news, COO Richard T. Hume sold 3,100 shares of Tech Data stock in a transaction that occurred on Thursday, November 30th. The stock was sold at an average price of $98.06, for a total transaction of $303,986.00. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. 1.60% of the stock is currently owned by company insiders.
Hedge funds have recently made changes to their positions in the stock. SpiderRock Advisors LLC purchased a new position in Tech Data during the third quarter valued at approximately $106,000. Zurcher Kantonalbank Zurich Cantonalbank raised its position in Tech Data by 15.1% during the second quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 1,490 shares of the company’s stock valued at $150,000 after acquiring an additional 195 shares in the last quarter. Dynamic Technology Lab Private Ltd purchased a new position in Tech Data during the third quarter valued at approximately $201,000. Cipher Capital LP acquired a new stake in Tech Data in the third quarter valued at approximately $206,000. Finally, GSA Capital Partners LLP acquired a new stake in Tech Data in the third quarter valued at approximately $212,000. Institutional investors own 98.10% of the company’s stock.
Shares of Tech Data (NASDAQ TECD) opened at $99.82 on Thursday. Tech Data has a 12 month low of $81.42 and a 12 month high of $111.10. The company has a market capitalization of $3,800.00, a PE ratio of 19.05, a price-to-earnings-growth ratio of 0.49 and a beta of 0.78. The company has a quick ratio of 0.89, a current ratio of 1.35 and a debt-to-equity ratio of 0.66.
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About Tech Data
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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