TD SYNNEX (SNX) Projected to Post Earnings on Tuesday

TD SYNNEX (NYSE:SNXGet Free Report) is expected to post its Q2 2025 quarterly earnings results before the market opens on Tuesday, June 24th. Analysts expect TD SYNNEX to post earnings of $2.71 per share and revenue of $14.30 billion for the quarter. TD SYNNEX has set its Q2 guidance at $2.45-2.95 EPS and its Q2 2025 guidance at 2.450-2.950 EPS.

TD SYNNEX (NYSE:SNXGet Free Report) last released its quarterly earnings results on Thursday, March 27th. The business services provider reported $2.80 EPS for the quarter, missing analysts’ consensus estimates of $2.87 by ($0.07). The firm had revenue of $14.53 billion for the quarter, compared to analysts’ expectations of $14.79 billion. TD SYNNEX had a net margin of 1.16% and a return on equity of 11.54%. The firm’s revenue for the quarter was up 4.0% on a year-over-year basis. During the same quarter last year, the firm earned $2.99 earnings per share. On average, analysts expect TD SYNNEX to post $12 EPS for the current fiscal year and $14 EPS for the next fiscal year.

TD SYNNEX Stock Down 0.2%

SNX opened at $124.42 on Friday. The company has a fifty day moving average price of $118.23 and a 200-day moving average price of $123.97. TD SYNNEX has a one year low of $92.23 and a one year high of $145.10. The company has a debt-to-equity ratio of 0.46, a current ratio of 1.27 and a quick ratio of 0.74. The firm has a market capitalization of $10.44 billion, a P/E ratio of 15.53, a price-to-earnings-growth ratio of 1.06 and a beta of 1.29.

TD SYNNEX Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Friday, April 25th. Stockholders of record on Friday, April 11th were issued a $0.44 dividend. The ex-dividend date was Friday, April 11th. This represents a $1.76 dividend on an annualized basis and a dividend yield of 1.41%. TD SYNNEX’s dividend payout ratio (DPR) is presently 21.97%.

Insider Buying and Selling at TD SYNNEX

In other TD SYNNEX news, CFO Marshall Witt sold 1,509 shares of the business’s stock in a transaction dated Wednesday, June 18th. The shares were sold at an average price of $125.35, for a total value of $189,153.15. Following the completion of the sale, the chief financial officer now directly owns 49,563 shares of the company’s stock, valued at $6,212,722.05. The trade was a 2.95% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, insider Miriam Anne Murphy sold 3,000 shares of the business’s stock in a transaction dated Wednesday, April 30th. The shares were sold at an average price of $110.00, for a total transaction of $330,000.00. Following the completion of the sale, the insider now directly owns 14,883 shares of the company’s stock, valued at approximately $1,637,130. This trade represents a 16.78% decrease in their ownership of the stock. The disclosure for this sale can be found here. 1.00% of the stock is owned by corporate insiders.

Institutional Investors Weigh In On TD SYNNEX

Large investors have recently added to or reduced their stakes in the stock. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC lifted its position in shares of TD SYNNEX by 6.6% in the 1st quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 204,172 shares of the business services provider’s stock worth $21,226,000 after purchasing an additional 12,615 shares during the period. Goldman Sachs Group Inc. lifted its position in shares of TD SYNNEX by 5.8% in the 1st quarter. Goldman Sachs Group Inc. now owns 179,210 shares of the business services provider’s stock worth $18,631,000 after purchasing an additional 9,815 shares during the period. Finally, MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. lifted its position in shares of TD SYNNEX by 9.5% in the 1st quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 16,820 shares of the business services provider’s stock worth $1,749,000 after purchasing an additional 1,460 shares during the period. 84.00% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

A number of analysts have recently weighed in on SNX shares. Cfra reduced their target price on shares of TD SYNNEX from $147.00 to $132.00 and set a “buy” rating on the stock in a report on Friday, March 28th. UBS Group cut their price target on shares of TD SYNNEX from $150.00 to $138.00 and set a “buy” rating on the stock in a report on Friday, March 28th. Royal Bank Of Canada cut their price target on shares of TD SYNNEX from $165.00 to $145.00 and set an “outperform” rating on the stock in a report on Friday, April 11th. Barclays cut their price target on shares of TD SYNNEX from $148.00 to $125.00 and set an “equal weight” rating on the stock in a report on Friday, March 28th. Finally, Morgan Stanley started coverage on shares of TD SYNNEX in a report on Wednesday, June 11th. They set an “overweight” rating and a $145.00 price target on the stock. Three research analysts have rated the stock with a hold rating and eight have issued a buy rating to the stock. According to MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average target price of $138.00.

View Our Latest Analysis on TD SYNNEX

TD SYNNEX Company Profile

(Get Free Report)

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.

Read More

Earnings History for TD SYNNEX (NYSE:SNX)

Receive News & Ratings for TD SYNNEX Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for TD SYNNEX and related companies with MarketBeat.com's FREE daily email newsletter.