Zacks Research Weighs in on TD SYNNEX FY2028 Earnings

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

SNX has been the topic of several other reports. The Goldman Sachs Group began coverage on shares of TD SYNNEX in a research report on Tuesday, January 13th. They set a “buy” rating and a $180.00 target price on the stock. Morgan Stanley reduced their price objective on shares of TD SYNNEX from $177.00 to $172.00 and set an “overweight” rating for the company in a research note on Friday, January 9th. UBS Group upped their target price on shares of TD SYNNEX from $187.00 to $193.00 and gave the stock a “buy” rating in a research report on Friday, January 9th. Weiss Ratings reiterated a “buy (b-)” rating on shares of TD SYNNEX in a research report on Wednesday, January 21st. Finally, Royal Bank Of Canada reissued an “outperform” rating on shares of TD SYNNEX in a research note on Monday, December 22nd. Nine analysts have rated the stock with a Buy rating and three have issued a Hold rating to the company’s stock. Based on data from MarketBeat, TD SYNNEX has an average rating of “Moderate Buy” and a consensus target price of $170.64.

TD SYNNEX Stock Up 0.2%

TD SYNNEX stock opened at $161.13 on Monday. The stock’s 50 day moving average price is $153.25 and its 200 day moving average price is $151.78. TD SYNNEX has a 1-year low of $92.23 and a 1-year high of $167.76. The company has a market cap of $13.01 billion, a PE ratio of 16.16, a price-to-earnings-growth ratio of 1.15 and a beta of 1.38. The company has a debt-to-equity ratio of 0.43, a current ratio of 1.21 and a quick ratio of 0.75.

TD SYNNEX (NYSE:SNX) last announced its quarterly earnings data on Thursday, January 8th. The business services provider reported $3.83 earnings per share for the quarter, beating analysts’ consensus estimates 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 for the quarter was up 9.7% compared to the same quarter last year. During the same quarter in the previous year, the company earned $3.09 EPS. TD SYNNEX has set its Q1 2026 guidance at 3.000-3.500 EPS.

Institutional Trading of TD SYNNEX

Hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. lifted its holdings in 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 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% in the first quarter. Goldman Sachs Group Inc. now owns 179,210 shares of the business services provider’s stock valued at $18,631,000 after buying 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 shares of TD SYNNEX by 6.6% during the first 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 during the period. Truist Financial Corp boosted its position in TD SYNNEX by 15.8% during the second quarter. Truist Financial Corp now owns 25,114 shares of the business services provider’s stock worth $3,408,000 after acquiring an additional 3,418 shares during the last quarter. Finally, Mirae Asset Global Investments Co. Ltd. purchased a new stake in TD SYNNEX in the 2nd quarter worth approximately $92,000. Hedge funds and other institutional investors own 84.00% of the company’s stock.

Insider Buying and Selling

In related news, Director Merline Saintil sold 168 shares of TD SYNNEX stock in a transaction that occurred on Thursday, December 4th. The stock was sold at an average price of $153.38, for a total transaction of $25,767.84. Following the completion of the transaction, the director directly owned 7,162 shares in the company, valued at $1,098,507.56. The trade was a 2.29% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, Director Richard T. Hume sold 25,000 shares of the stock in a transaction on Thursday, January 29th. The shares were sold at an average price of $160.67, for a total value of $4,016,750.00. Following the sale, the director owned 47,515 shares in the company, valued at approximately $7,634,235.05. This trade represents a 34.48% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Over the last three months, insiders have sold 48,651 shares of company stock valued at $7,733,817. Corporate insiders own 1.00% of the company’s stock.

TD SYNNEX Increases Dividend

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

TD SYNNEX Company Profile

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.