TD SYNNEX (NYSE:SNX) Issues Q2 Earnings Guidance

TD SYNNEX (NYSE:SNX) updated its second quarter earnings guidance on Thursday. The company provided EPS guidance of $2.45-2.95 for the period, compared to the consensus EPS estimate of $3.03. The company issued revenue guidance of $13.9-14.7 billion, compared to the consensus revenue estimate of $14.72 billion. TD SYNNEX also updated its Q2 2025 guidance to 2.450-2.950 EPS.

Wall Street Analyst Weigh In

SNX has been the topic of a number of recent analyst reports. Barrington Research increased their price objective on TD SYNNEX from $138.00 to $156.00 and gave the company an “outperform” rating in a report on Thursday, March 20th. Royal Bank of Canada boosted their price objective on shares of TD SYNNEX from $140.00 to $165.00 and gave the stock an “outperform” rating in a research report on Friday, February 21st. JPMorgan Chase & Co. increased their target price on shares of TD SYNNEX from $135.00 to $150.00 and gave the company a “neutral” rating in a research report on Monday, January 13th. Cfra raised shares of TD SYNNEX from a “hold” rating to a “buy” rating and boosted their price target for the company from $122.00 to $147.00 in a research report on Friday, January 10th. Finally, Barclays raised their price objective on TD SYNNEX from $132.00 to $148.00 and gave the stock an “equal weight” rating in a report on Monday, January 13th. Three equities research analysts have rated the stock with a hold rating and six have issued a buy rating to the company’s stock. According to data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus target price of $149.75.

TD SYNNEX Stock Down 0.9 %

Shares of NYSE:SNX opened at $125.43 on Thursday. TD SYNNEX has a fifty-two week low of $107.84 and a fifty-two week high of $145.10. The company has a quick ratio of 0.76, a current ratio of 1.24 and a debt-to-equity ratio of 0.46. The firm’s 50-day simple moving average is $136.91 and its 200-day simple moving average is $125.70. The company has a market cap of $10.58 billion, a price-to-earnings ratio of 15.76, a PEG ratio of 1.06 and a beta of 1.51.

TD SYNNEX (NYSE:SNX) last announced its quarterly earnings data on Thursday, March 27th. The business services provider reported $2.80 earnings per share for the quarter, missing analysts’ consensus estimates of $2.87 by ($0.07). The business had revenue of $14.53 billion during the quarter, compared to analysts’ expectations of $14.79 billion. TD SYNNEX had a net margin of 1.18% and a return on equity of 11.91%. TD SYNNEX’s revenue for the quarter was up 4.0% compared to the same quarter last year. During the same period in the prior year, the firm posted $2.99 EPS. As a group, equities research analysts predict that TD SYNNEX will post 11.88 earnings per share for the current year.

TD SYNNEX Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Friday, January 31st. Shareholders of record on Friday, January 24th were given a $0.44 dividend. This is a boost from TD SYNNEX’s previous quarterly dividend of $0.40. The ex-dividend date was Friday, January 24th. This represents a $1.76 annualized dividend and a yield of 1.40%. TD SYNNEX’s dividend payout ratio is presently 22.11%.

Insiders Place Their Bets

In related news, Director Ann F. Vezina sold 839 shares of TD SYNNEX stock in a transaction on Thursday, January 16th. The stock was sold at an average price of $136.08, for a total transaction of $114,171.12. Following the completion of the transaction, the director now directly owns 4,856 shares of the company’s stock, valued at approximately $660,804.48. The trade was a 14.73 % 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 Richard T. Hume sold 20,000 shares of the company’s stock in a transaction on Friday, January 3rd. The shares were sold at an average price of $117.62, for a total value of $2,352,400.00. Following the completion of the sale, the director now directly owns 111,080 shares in the company, valued at $13,065,229.60. This trade represents a 15.26 % decrease in their position. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 49,172 shares of company stock worth $6,353,261. Corporate insiders own 1.00% of the company’s stock.

About TD SYNNEX

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.