TD SYNNEX (NYSE:SNX) Announces Quarterly Earnings Results

TD SYNNEX (NYSE:SNX - Get Free Report) announced its earnings results on Tuesday. The business services provider reported $2.99 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.71 by $0.28, RTT News reports. The company had revenue of $14.95 billion for the quarter, compared to analysts' expectations of $14.30 billion. TD SYNNEX had a net margin of 1.21% and a return on equity of 11.58%. The firm's quarterly revenue was up 7.2% on a year-over-year basis. During the same quarter in the previous year, the company posted $2.73 EPS. TD SYNNEX updated its Q3 2025 guidance to 2.750-3.250 EPS.

TD SYNNEX Trading Down 1.9%

Shares of NYSE SNX traded down $2.57 during midday trading on Friday, reaching $134.43. 908,523 shares of the stock were exchanged, compared to its average volume of 740,453. The company has a market capitalization of $11.28 billion, a P/E ratio of 15.70, a P/E/G ratio of 1.18 and a beta of 1.29. The company has a current ratio of 1.26, a quick ratio of 0.74 and a debt-to-equity ratio of 0.45. TD SYNNEX has a 52-week low of $92.23 and a 52-week high of $145.10. The stock has a 50 day moving average price of $120.68 and a 200-day moving average price of $124.30.

TD SYNNEX Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Friday, July 25th. Investors of record on Friday, July 11th will be given a dividend of $0.44 per share. This represents a $1.76 dividend on an annualized basis and a yield of 1.31%. The ex-dividend date of this dividend is Friday, July 11th. TD SYNNEX's dividend payout ratio is presently 20.56%.

Wall Street Analyst Weigh In

A number of equities analysts recently weighed in on the stock. Morgan Stanley set a $155.00 price target on shares of TD SYNNEX and gave the stock an "overweight" rating in a research report on Wednesday. UBS Group cut their price target on TD SYNNEX from $150.00 to $138.00 and set a "buy" rating for the company in a report on Friday, March 28th. Royal Bank Of Canada restated an "outperform" rating and issued a $145.00 target price on shares of TD SYNNEX in a report on Wednesday. Barclays set a $140.00 price target on TD SYNNEX in a report on Tuesday. Finally, Wall Street Zen cut shares of TD SYNNEX from a "buy" rating to a "hold" rating in a research report on Wednesday, March 26th. Three equities research analysts have rated the stock with a hold rating and eight have given a buy rating to the company's stock. Based on data from MarketBeat, TD SYNNEX currently has an average rating of "Moderate Buy" and a consensus target price of $140.50.

Insider Buying and Selling at TD SYNNEX

In related news, CFO Marshall Witt sold 1,509 shares of the stock in a transaction dated Wednesday, June 18th. The stock was sold at an average price of $125.35, for a total transaction of $189,153.15. Following the transaction, the chief financial officer now directly owns 49,563 shares in the company, valued at approximately $6,212,722.05. This represents a 2.95% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Also, insider Miriam Anne Murphy sold 3,000 shares of TD SYNNEX stock in a transaction dated Wednesday, April 30th. The shares were sold at an average price of $110.00, for a total value of $330,000.00. Following the completion of the sale, the insider now owns 14,883 shares of the company's stock, valued at $1,637,130. This trade represents a 16.78% decrease in their position. The disclosure for this sale can be found here. 1.00% of the stock is currently owned by insiders.

Institutional Inflows and Outflows

Several large investors have recently modified their holdings of SNX. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC boosted its position in shares of TD SYNNEX by 6.6% in 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 worth $21,226,000 after acquiring an additional 12,615 shares during the last quarter. Goldman Sachs Group Inc. raised its stake in TD SYNNEX by 5.8% during the first quarter. Goldman Sachs Group Inc. now owns 179,210 shares of the business services provider's stock worth $18,631,000 after purchasing an additional 9,815 shares during the period. Finally, MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. boosted its holdings in shares of 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 during the last quarter. 84.00% of the stock is currently owned by hedge funds and other institutional investors.

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.