TD SYNNEX (SNX) Projected to Post Quarterly Earnings on Thursday

TD SYNNEX (NYSE:SNX) is expected to be releasing its earnings data before the market opens on Thursday, March 27th. Analysts expect TD SYNNEX to post earnings of $2.87 per share and revenue of $14.79 billion for the quarter. Investors that are interested in registering for the company’s conference call can do so using this link.

TD SYNNEX Trading Up 2.0 %

Shares of NYSE:SNX opened at $130.31 on Tuesday. The company’s fifty day simple moving average is $137.31 and its 200 day simple moving average is $125.59. The firm has a market cap of $10.99 billion, a price-to-earnings ratio of 16.37, a PEG ratio of 1.06 and a beta of 1.51. The company has a quick ratio of 0.76, a current ratio of 1.24 and a debt-to-equity ratio of 0.46. TD SYNNEX has a 12 month low of $104.93 and a 12 month high of $145.10.

TD SYNNEX Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, January 31st. Investors of record on Friday, January 24th were issued a dividend of $0.44 per share. The ex-dividend date was Friday, January 24th. This is an increase from TD SYNNEX’s previous quarterly dividend of $0.40. This represents a $1.76 dividend on an annualized basis and a dividend yield of 1.35%. TD SYNNEX’s dividend payout ratio (DPR) is presently 22.11%.

Insiders Place Their Bets

In other news, Director Richard T. Hume sold 20,000 shares of the company’s stock in a transaction on Friday, January 3rd. The stock was sold at an average price of $117.62, for a total transaction of $2,352,400.00. Following the completion of the sale, the director now directly owns 111,080 shares in the company, valued at approximately $13,065,229.60. This represents a 15.26 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, Director Ann F. Vezina sold 839 shares of the firm’s stock in a transaction on Thursday, January 16th. The stock was sold at an average price of $136.08, for a total value of $114,171.12. Following the completion of the transaction, the director now owns 4,856 shares in the company, valued at $660,804.48. The trade was a 14.73 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 49,172 shares of company stock worth $6,353,261 over the last three months. Insiders own 1.00% of the company’s stock.

Wall Street Analysts Forecast Growth

SNX has been the topic of several recent research reports. Barclays lifted their price target on shares of TD SYNNEX from $132.00 to $148.00 and gave the company an “equal weight” rating in a research note on Monday, January 13th. JPMorgan Chase & Co. increased their price objective on TD SYNNEX from $135.00 to $150.00 and gave the company a “neutral” rating in a report on Monday, January 13th. StockNews.com raised shares of TD SYNNEX from a “hold” rating to a “buy” rating in a research note on Tuesday, March 18th. Royal Bank of Canada increased their price target on shares of TD SYNNEX from $140.00 to $165.00 and gave the company an “outperform” rating in a research note on Friday, February 21st. Finally, Barrington Research boosted their price objective on shares of TD SYNNEX from $138.00 to $156.00 and gave the stock an “outperform” rating in a research note on Thursday, March 20th. Two analysts have rated the stock with a hold rating and seven have given a buy rating to the company. According to data from MarketBeat, the stock has an average rating of “Moderate Buy” and an average price target of $149.75.

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.