TD SYNNEX (NYSE:SNX – Get Free Report) issued its quarterly earnings data on Thursday. The business services provider reported $2.86 earnings per share for the quarter, topping the consensus estimate of $2.80 by $0.06, Briefing.com reports. The firm had revenue of $14.68 billion for the quarter, compared to analysts’ expectations of $14.11 billion. TD SYNNEX had a net margin of 1.14% and a return on equity of 12.32%. The business’s quarterly revenue was up 5.2% on a year-over-year basis. During the same quarter in the prior year, the business earned $2.71 EPS. TD SYNNEX updated its Q4 guidance to $2.80-3.30 EPS and its Q4 2024 guidance to 2.800-3.300 EPS.
TD SYNNEX Price Performance
Shares of SNX stock traded up $0.96 during mid-day trading on Friday, hitting $119.67. The company had a trading volume of 830,626 shares, compared to its average volume of 826,331. The company has a market capitalization of $10.23 billion, a P/E ratio of 16.76, a P/E/G ratio of 1.18 and a beta of 1.49. The stock’s 50 day moving average price is $116.22 and its 200-day moving average price is $117.86. TD SYNNEX has a 52-week low of $89.73 and a 52-week high of $133.85. The company has a debt-to-equity ratio of 0.47, a current ratio of 1.26 and a quick ratio of 0.78.
TD SYNNEX Announces Dividend
The business also recently disclosed a quarterly dividend, which will be paid on Friday, October 25th. Stockholders of record on Friday, October 11th will be given a dividend of $0.40 per share. This represents a $1.60 annualized dividend and a dividend yield of 1.34%. The ex-dividend date is Friday, October 11th. TD SYNNEX’s payout ratio is currently 22.41%.
Analyst Ratings Changes
Get Our Latest Research Report on TD SYNNEX
Insider Buying and Selling at TD SYNNEX
In related news, CFO Marshall Witt sold 11,441 shares of the stock in a transaction that occurred on Wednesday, August 7th. The stock was sold at an average price of $110.14, for a total transaction of $1,260,111.74. Following the completion of the transaction, the chief financial officer now directly owns 45,115 shares of the company’s stock, valued at $4,968,966.10. The sale was disclosed in a filing with the SEC, which is available through this link. In other news, COO Patrick Zammit sold 3,513 shares of TD SYNNEX stock in a transaction that occurred on Friday, July 12th. The stock was sold at an average price of $113.28, for a total value of $397,952.64. Following the completion of the transaction, the chief operating officer now owns 140,205 shares in the company, valued at approximately $15,882,422.40. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Also, CFO Marshall Witt sold 11,441 shares of the stock in a transaction on Wednesday, August 7th. The shares were sold at an average price of $110.14, for a total value of $1,260,111.74. Following the sale, the chief financial officer now owns 45,115 shares in the company, valued at approximately $4,968,966.10. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 15,188 shares of company stock worth $1,685,455. Insiders own 1.90% 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.
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