Zacks Research Forecasts TD SYNNEX FY2028 Earnings

TD SYNNEX Corporation (NYSE:SNX) – Zacks Research issued their FY2028 earnings per share (EPS) estimates for shares of TD SYNNEX in a research note issued to investors on Thursday, January 29th. Zacks Research analyst Team forecasts that the business services provider will earn $16.41 per share for the year. Zacks Research currently has a “Hold” rating on the stock. The consensus estimate for TD SYNNEX’s current full-year earnings is $11.88 per share.

A number of other equities analysts have also issued reports on SNX. Barclays lowered their price target on TD SYNNEX from $164.00 to $163.00 and set an “equal weight” rating on the stock in a report on Friday, January 9th. UBS Group lifted their target price on TD SYNNEX from $187.00 to $193.00 and gave the company a “buy” rating in a research note on Friday, January 9th. Morgan Stanley dropped their target price on TD SYNNEX from $177.00 to $172.00 and set an “overweight” rating on the stock in a report on Friday, January 9th. Weiss Ratings reaffirmed a “buy (b-)” rating on shares of TD SYNNEX in a report on Wednesday, January 21st. Finally, Royal Bank Of Canada restated an “outperform” rating on shares of TD SYNNEX in a research report on Monday, December 22nd. Nine investment analysts have rated the stock with a Buy rating and three have issued a Hold rating to the company’s stock. According to MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus price target of $170.64.

TD SYNNEX Stock Performance

Shares of TD SYNNEX stock opened at $158.65 on Monday. The firm’s fifty day simple moving average is $152.86 and its 200-day simple moving average is $151.53. TD SYNNEX has a 12 month low of $92.23 and a 12 month high of $167.76. The company has a debt-to-equity ratio of 0.43, a current ratio of 1.21 and a quick ratio of 0.75. The stock has a market capitalization of $12.81 billion, a price-to-earnings ratio of 15.91, a PEG ratio of 1.14 and a beta of 1.38.

TD SYNNEX (NYSE:SNX) last released its quarterly earnings results on Thursday, January 8th. The business services provider reported $3.83 EPS for the quarter, topping the consensus estimate of $3.68 by $0.15. The company had revenue of $17.38 billion for the quarter, compared to analyst estimates of $15.46 billion. TD SYNNEX had a return on equity of 12.60% and a net margin of 1.32%.The firm’s revenue was up 9.7% compared to the same quarter last year. During the same quarter in the previous year, the company posted $3.09 earnings per share. TD SYNNEX has set its Q1 2026 guidance at 3.000-3.500 EPS.

Institutional Investors Weigh In On TD SYNNEX

Several institutional investors and hedge funds have recently made changes to their positions in the business. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. lifted its holdings in shares of TD SYNNEX by 9.5% in the first quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 16,820 shares of the business services provider’s stock valued at $1,749,000 after purchasing an additional 1,460 shares in the last quarter. Goldman Sachs Group Inc. raised its position in shares of TD SYNNEX by 5.8% during 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 last quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC lifted its stake in 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 valued at $21,226,000 after buying an additional 12,615 shares in the last quarter. Truist Financial Corp lifted its stake in TD SYNNEX by 15.8% in the 2nd quarter. Truist Financial Corp now owns 25,114 shares of the business services provider’s stock valued at $3,408,000 after buying an additional 3,418 shares in the last quarter. Finally, Mirae Asset Global Investments Co. Ltd. acquired a new stake in TD SYNNEX during the 2nd quarter valued at $92,000. 84.00% of the stock is currently owned by hedge funds and other institutional investors.

Insider Transactions at TD SYNNEX

In related news, Director Richard T. Hume sold 25,000 shares of TD SYNNEX stock in a transaction on Thursday, January 29th. The stock was sold at an average price of $160.67, for a total transaction of $4,016,750.00. Following the completion of the transaction, the director directly owned 47,515 shares of the company’s stock, valued at approximately $7,634,235.05. The trade was a 34.48% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through this link. Also, Director Merline Saintil sold 168 shares of the business’s stock in a transaction on Thursday, December 4th. The stock was sold at an average price of $153.38, for a total value of $25,767.84. Following the sale, the director owned 7,162 shares in the company, valued at approximately $1,098,507.56. The trade was a 2.29% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold a total of 48,159 shares of company stock valued at $7,654,895 in the last quarter. Insiders own 1.00% of the company’s stock.

TD SYNNEX Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, January 30th. Stockholders of record on Friday, January 16th were issued a $0.48 dividend. The ex-dividend date was Friday, January 16th. This represents a $1.92 dividend on an annualized basis and a dividend yield of 1.2%. This is a boost from TD SYNNEX’s previous quarterly dividend of $0.44. TD SYNNEX’s payout ratio is 19.26%.

About TD SYNNEX

TD SYNNEX (NYSE: SNX) is a leading global distributor and solutions aggregator for the information technology industry. Formed in September 2021 through the merger of Tech Data and SYNNEX Corporation, the company provides a comprehensive range of products, services and solutions that span hardware, software, cloud, mobility, security and data center technologies. TD SYNNEX partners with vendors, resellers and system integrators to design, deploy and support IT infrastructures across diverse market segments, including commercial enterprises, public sector organizations and retail operations.

The company’s core business activities include the distribution of technology products from manufacturers such as servers, storage, networking equipment and peripherals, as well as the resale and provisioning of software licenses and cloud-based solutions.