TD SYNNEX (NYSE:SNX) Updates Q1 Earnings Guidance

TD SYNNEX (NYSE:SNX) updated its first quarter earnings guidance on Friday. The company provided EPS guidance of $2.65-3.15 for the period, compared to the consensus EPS estimate of $2.95. The company issued revenue guidance of $14.4-15.2 billion, compared to the consensus revenue estimate of $14.78 billion. TD SYNNEX also updated its Q1 2025 guidance to 2.650-3.150 EPS.

Wall Street Analysts Forecast Growth

Several research firms have issued reports on SNX. Cfra raised shares of TD SYNNEX from a “hold” rating to a “buy” rating and increased their price objective for the company from $122.00 to $147.00 in a report on Friday. Barrington Research reaffirmed an “outperform” rating and set a $138.00 price objective on shares of TD SYNNEX in a report on Monday, September 23rd. StockNews.com downgraded shares of TD SYNNEX from a “buy” rating to a “hold” rating in a report on Wednesday, December 18th. Loop Capital reaffirmed a “buy” rating and set a $150.00 price objective on shares of TD SYNNEX in a report on Monday, October 7th. Finally, Royal Bank of Canada reaffirmed an “outperform” rating and set a $140.00 price objective on shares of TD SYNNEX in a report on Tuesday. Three analysts have rated the stock with a hold rating and six have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, TD SYNNEX currently has a consensus rating of “Moderate Buy” and an average price target of $139.00.

TD SYNNEX Price Performance

TD SYNNEX stock opened at $134.16 on Friday. TD SYNNEX has a 12-month low of $98.70 and a 12-month high of $134.48. The stock has a market cap of $11.42 billion, a P/E ratio of 17.36, a PEG ratio of 1.14 and a beta of 1.46. The company has a 50-day moving average price of $119.77 and a 200 day moving average price of $117.85. The company has a current ratio of 1.25, a quick ratio of 0.77 and a debt-to-equity ratio of 0.46.

Insider Buying and Selling

In other TD SYNNEX news, insider Simon Leung sold 6,249 shares of TD SYNNEX stock in a transaction dated Wednesday, November 6th. The shares were sold at an average price of $123.17, for a total transaction of $769,689.33. Following the completion of the sale, the insider now directly owns 23,339 shares in the company, valued at $2,874,664.63. This trade represents a 21.12 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, insider David R. Vetter sold 20,000 shares of TD SYNNEX stock in a transaction dated Friday, October 18th. The shares were sold at an average price of $123.14, for a total transaction of $2,462,800.00. Following the sale, the insider now owns 66,381 shares of the company’s stock, valued at approximately $8,174,156.34. This represents a 23.15 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 67,876 shares of company stock worth $8,196,529. Insiders own 1.90% of the company’s stock.

TD SYNNEX Company Profile

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.