TD SYNNEX (NYSE:SNX) Issues Q1 Earnings Guidance

TD SYNNEX (NYSE:SNX) updated its first quarter earnings guidance on Friday. The company provided earnings per share guidance of $2.65-3.15 for the period, compared to the consensus earnings per share 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.

TD SYNNEX Stock Up 9.9 %

SNX opened at $134.16 on Friday. The company has a debt-to-equity ratio of 0.46, a current ratio of 1.25 and a quick ratio of 0.77. TD SYNNEX has a one year low of $98.70 and a one year high of $134.48. The firm has a market capitalization of $11.42 billion, a P/E ratio of 17.36, a price-to-earnings-growth ratio of 1.14 and a beta of 1.46. The company has a fifty day moving average price of $120.14 and a 200-day moving average price of $117.89.

Analysts Set New Price Targets

A number of analysts have recently issued reports on SNX shares. Cfra upgraded TD SYNNEX from a “hold” rating to a “buy” rating and lifted their price target for the company from $122.00 to $147.00 in a research report on Friday. Royal Bank of Canada reissued an “outperform” rating and issued a $140.00 price target on shares of TD SYNNEX in a research note on Tuesday, January 7th. Loop Capital restated a “buy” rating and set a $150.00 price objective on shares of TD SYNNEX in a research report on Monday, October 7th. Barrington Research reiterated an “outperform” rating and issued a $138.00 target price on shares of TD SYNNEX in a research report on Monday, September 23rd. Finally, StockNews.com lowered TD SYNNEX from a “buy” rating to a “hold” rating in a research note on Wednesday, December 18th. Three research analysts have rated the stock with a hold rating and six have issued a buy rating to the company. According to MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $139.00.

Insider Activity at TD SYNNEX

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

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.