Wall Street analysts expect Tech Data Corp (NASDAQ:TECD) to post sales of $8.17 billion for the current fiscal quarter, according to Zacks Investment Research. Two analysts have provided estimates for Tech Data’s earnings, with estimates ranging from $8.16 billion to $8.18 billion. Tech Data reported sales of $7.66 billion in the same quarter last year, which would suggest a positive year over year growth rate of 6.7%. The business is scheduled to issue its next earnings results on Thursday, June 7th.
According to Zacks, analysts expect that Tech Data will report full year sales of $8.17 billion for the current financial year, with estimates ranging from $34.74 billion to $37.89 billion. For the next fiscal year, analysts expect that the business will post sales of $36.00 billion per share, with estimates ranging from $35.41 billion to $36.59 billion. Zacks’ sales calculations are a mean average based on a survey of sell-side research analysts that that provide coverage for Tech Data.
Tech Data (NASDAQ:TECD) last posted its earnings results on Thursday, March 8th. The company reported $3.50 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $3.53 by ($0.03). The business had revenue of $11.09 billion for the quarter, compared to analyst estimates of $10.57 billion. Tech Data had a return on equity of 12.83% and a net margin of 0.32%. The company’s quarterly revenue was up 49.3% compared to the same quarter last year. During the same period in the previous year, the company earned $2.45 earnings per share.
Tech Data (NASDAQ:TECD) opened at $88.64 on Wednesday. The company has a current ratio of 1.26, a quick ratio of 0.88 and a debt-to-equity ratio of 0.52. The company has a market cap of $3,380.00, a price-to-earnings ratio of 16.03, a price-to-earnings-growth ratio of 0.38 and a beta of 0.64. Tech Data has a 1 year low of $81.42 and a 1 year high of $111.10.
Several large investors have recently modified their holdings of TECD. Alyeska Investment Group L.P. acquired a new stake in shares of Tech Data in the third quarter valued at about $76,672,000. Janus Henderson Group PLC grew its position in shares of Tech Data by 55.3% in the third quarter. Janus Henderson Group PLC now owns 553,016 shares of the company’s stock valued at $49,135,000 after purchasing an additional 196,834 shares during the last quarter. Schroder Investment Management Group grew its position in shares of Tech Data by 8,012.5% in the fourth quarter. Schroder Investment Management Group now owns 194,700 shares of the company’s stock valued at $19,075,000 after purchasing an additional 192,300 shares during the last quarter. Advisory Research Inc. acquired a new stake in shares of Tech Data in the fourth quarter valued at about $13,940,000. Finally, Wells Fargo & Company MN grew its position in shares of Tech Data by 163.1% in the third quarter. Wells Fargo & Company MN now owns 215,384 shares of the company’s stock valued at $19,137,000 after purchasing an additional 133,530 shares during the last quarter. 96.14% of the stock is currently owned by institutional investors.
Tech Data Company Profile
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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