Zacks Research Boosts Earnings Estimates for TD SYNNEX

Key Points

• Zacks Research raised TD SYNNEX’s FY2026 EPS estimate to $20.25 from $17.96, above the current consensus of $19.89, and maintained a “Strong-Buy” rating. It also projects continued earnings growth to $23.03 in FY2027 and $26.30 in FY2028.
• Analyst sentiment remains broadly positive: TD SYNNEX has an average “Buy” rating and a $331.14 average price target, with UBS, Morgan Stanley and Barclays recently raising their targets or maintaining favorable views.
• TD SYNNEX reported a strong latest quarter, posting $5.68 EPS versus the $4.70 consensus and $21.56 billion in revenue, up 37.7% year over year. The company also declared a quarterly dividend of $0.48 per share, representing a 0.7% annualized yield.

TD SYNNEX Corporation (NYSE:SNX - Free Report) - Investment analysts at Zacks Research boosted their FY2026 EPS estimates for shares of TD SYNNEX in a research report issued to clients and investors on Monday, October 12th. Zacks Research analyst Team now anticipates that the business services provider will post earnings of $20.25 per share for the year, up from their prior forecast of $17.96. Zacks Research currently has a "Strong-Buy" rating on the stock. The consensus estimate for TD SYNNEX's current full-year earnings is $19.89 per share. Zacks Research also issued estimates for TD SYNNEX's Q4 2026 earnings at $5.53 EPS, Q1 2027 earnings at $5.14 EPS, Q2 2027 earnings at $5.43 EPS, Q3 2027 earnings at $6.13 EPS, Q4 2027 earnings at $6.33 EPS, FY2027 earnings at $23.03 EPS, Q1 2028 earnings at $6.36 EPS, Q2 2028 earnings at $6.46 EPS, Q3 2028 earnings at $6.69 EPS and FY2028 earnings at $26.30 EPS.

Several other analysts have also commented on the company. UBS Group increased their price objective on TD SYNNEX from $352.00 to $379.00 and gave the company a "buy" rating in a report on Friday, September 25th. Barclays boosted their target price on TD SYNNEX from $278.00 to $287.00 and gave the stock an "equal weight" rating in a research note on Tuesday, September 8th. Morgan Stanley upped their target price on TD SYNNEX from $334.00 to $359.00 and gave the company an "overweight" rating in a research report on Friday, September 25th. Royal Bank Of Canada set a $340.00 target price on TD SYNNEX in a research report on Friday, June 26th. Finally, Weiss Ratings upgraded TD SYNNEX from a "buy (b)" rating to a "buy (b+)" rating in a research note on Thursday, October 8th. One research analyst has rated the stock with a Strong Buy rating, seven have assigned a Buy rating and one has assigned a Hold rating to the company's stock. According to MarketBeat, TD SYNNEX currently has an average rating of "Buy" and an average target price of $331.14.

TD SYNNEX Price Performance

NYSE SNX opened at $264.42 on Thursday. The firm's fifty day simple moving average is $262.27 and its two-hundred day simple moving average is $248.35. The firm has a market capitalization of $21.10 billion, a P/E ratio of 16.11, a P/E/G ratio of 0.56 and a beta of 1.37. The company has a current ratio of 1.19, a quick ratio of 0.64 and a debt-to-equity ratio of 0.39. TD SYNNEX has a 12-month low of $142.22 and a 12-month high of $298.77.

TD SYNNEX (NYSE:SNX - Get Free Report) last posted its earnings results on Thursday, September 24th. The business services provider reported $5.68 EPS for the quarter, beating analysts' consensus estimates of $4.70 by $0.98. The company had revenue of $21.56 billion during the quarter, compared to analysts' expectations of $18.91 billion. TD SYNNEX had a net margin of 1.75% and a return on equity of 16.78%. TD SYNNEX's revenue for the quarter was up 37.7% compared to the same quarter last year. During the same quarter in the prior year, the company posted $3.58 earnings per share. TD SYNNEX has set its Q4 2026 guidance at 5.650-6.150 EPS.

Institutional Inflows and Outflows

Several institutional investors have recently made changes to their positions in SNX. Bell Investment Advisors Inc purchased a new position in shares of TD SYNNEX in the second quarter worth about $27,000. Fiduciary Financial Advisors acquired a new position in TD SYNNEX during the second quarter worth about $28,000. SJS Investment Consulting Inc. boosted its position in TD SYNNEX by 44.6% during the first quarter. SJS Investment Consulting Inc. now owns 201 shares of the business services provider's stock worth $34,000 after acquiring an additional 62 shares during the last quarter. Essential Partners LLC grew its stake in TD SYNNEX by 644.4% during the 1st quarter. Essential Partners LLC now owns 201 shares of the business services provider's stock valued at $34,000 after acquiring an additional 174 shares in the last quarter. Finally, Compass Financial Management LLC purchased a new stake in TD SYNNEX during the 2nd quarter valued at about $38,000. Hedge funds and other institutional investors own 84.00% of the company's stock.

Insider Activity

In related news, Director Ann Vezina sold 1,273 shares of TD SYNNEX stock in a transaction dated Friday, July 31st. The stock was sold at an average price of $256.05, for a total transaction of $325,951.65. Following the completion of the sale, the director owned 5,828 shares of the company's stock, valued at $1,492,259.40. The trade was a 17.93% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, Director Richard Hume sold 5,000 shares of the company's stock in a transaction that occurred on Wednesday, August 5th. The shares were sold at an average price of $262.21, for a total value of $1,311,050.00. Following the completion of the sale, the director owned 13,537 shares in the company, valued at approximately $3,549,536.77. This represents a 26.97% decrease in their position. The disclosure for this sale is available in the SEC filing. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. 0.70% of the stock is currently owned by insiders.

TD SYNNEX Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Friday, October 30th. Shareholders of record on Friday, October 16th will be given a dividend of $0.48 per share. The ex-dividend date of this dividend is Friday, October 16th. This represents a $1.92 dividend on an annualized basis and a yield of 0.7%. TD SYNNEX's payout ratio is currently 11.70%.

TD SYNNEX News Summary

Here are the key news stories impacting TD SYNNEX this week:

• Positive Sentiment: Zacks Research significantly raised its earnings outlook. The firm increased its Q4 2026 EPS estimate to $5.53 from $4.37 and lifted its FY2026 forecast to $20.25 from $17.96. It also raised FY2027 EPS to $23.03 from $20.53, suggesting stronger expected earnings momentum. Zacks maintained a “Strong-Buy” rating. TD SYNNEX stock coverage
• Positive Sentiment: Longer-term projections also improved. Zacks raised estimates for Q1 2027, Q2 2027, Q3 2027, Q4 2027, Q1 2028, Q2 2028 and FY2028. The FY2028 forecast increased to $26.30 EPS from $26.10, indicating expectations for continued profit growth beyond the current fiscal year. Zacks Research estimates for TD SYNNEX
• Positive Sentiment: Goldman Sachs reaffirmed its Buy rating and assigned a $340 price target. The analyst cited TD SYNNEX’s durable global IT-distribution position and potential growth from artificial-intelligence demand. The target implies meaningful upside relative to the stock’s current trading level. TD SYNNEX Buy rating reaffirmed
• Neutral Sentiment: Analyst sentiment is not unanimous across comparisons involving TD SYNNEX and other technology companies, suggesting investors may continue to weigh valuation and execution risks despite the positive Zacks and Goldman Sachs views. Analysts have conflicting sentiments on TD SYNNEX
• Negative Sentiment: One minor revision lowered the Q3 2028 EPS estimate to $6.69 from $6.70. The change is negligible and does not offset the broader upward revisions, but it indicates that estimates are not uniformly higher across every period. TD SYNNEX analyst estimates

TD SYNNEX Company Profile

TD SYNNEX Corporation is a global technology distributor and solutions aggregator that connects technology vendors with resellers, systems integrators, managed service providers and other channel partners. The company helps bring hardware, software and cloud-based solutions to market while supporting partners with sales, marketing, logistics, financing and technical services.

Its portfolio includes data center and networking equipment, personal computing and endpoint devices, software, cybersecurity products, cloud services, unified communications, mobility solutions and emerging technologies.

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