TD SYNNEX Corporation (NYSE:SNX - Free Report) - Research analysts at Zacks Research decreased their Q1 2026 earnings estimates for TD SYNNEX in a research report issued on Tuesday, July 15th. Zacks Research analyst R. Department now forecasts that the business services provider will post earnings of $2.94 per share for the quarter, down from their prior forecast of $3.01. The consensus estimate for TD SYNNEX's current full-year earnings is $11.88 per share. Zacks Research also issued estimates for TD SYNNEX's Q3 2026 earnings at $3.22 EPS and Q2 2027 earnings at $3.45 EPS.
TD SYNNEX (NYSE:SNX - Get Free Report) last posted its quarterly earnings results on Tuesday, June 24th. The business services provider reported $2.99 earnings per share for the quarter, beating the consensus estimate of $2.71 by $0.28. TD SYNNEX had a return on equity of 11.58% and a net margin of 1.21%. The business had revenue of $14.95 billion for the quarter, compared to the consensus estimate of $14.30 billion. During the same quarter in the previous year, the business earned $2.73 EPS. The company's quarterly revenue was up 7.2% compared to the same quarter last year.
A number of other research firms also recently issued reports on SNX. JPMorgan Chase & Co. boosted their target price on shares of TD SYNNEX from $143.00 to $160.00 and gave the company a "neutral" rating in a research report on Thursday. Morgan Stanley set a $155.00 price objective on TD SYNNEX and gave the company an "overweight" rating in a research note on Wednesday, June 25th. Royal Bank Of Canada restated an "outperform" rating and issued a $145.00 target price on shares of TD SYNNEX in a research note on Wednesday, June 25th. Barrington Research reiterated an "outperform" rating and set a $156.00 price target on shares of TD SYNNEX in a research report on Friday, July 11th. Finally, Barclays set a $140.00 price target on TD SYNNEX in a report on Tuesday, June 24th. Two investment analysts have rated the stock with a hold rating and eight have issued a buy rating to the company. Based on data from MarketBeat, TD SYNNEX has a consensus rating of "Moderate Buy" and a consensus price target of $147.00.
Get Our Latest Analysis on SNX
TD SYNNEX Stock Performance
NYSE SNX traded up $0.68 on Friday, hitting $143.15. 21,346 shares of the company's stock traded hands, compared to its average volume of 727,756. The firm's 50-day moving average price is $129.33 and its two-hundred day moving average price is $126.36. The firm has a market capitalization of $11.81 billion, a PE ratio of 16.68, a P/E/G ratio of 1.16 and a beta of 1.30. The company has a current ratio of 1.26, a quick ratio of 0.75 and a debt-to-equity ratio of 0.45. TD SYNNEX has a 1-year low of $92.23 and a 1-year high of $145.10.
Hedge Funds Weigh In On TD SYNNEX
Hedge funds and other institutional investors have recently made changes to their positions in the company. Quadrant Capital Group LLC lifted its holdings in TD SYNNEX by 9.2% in the 4th quarter. Quadrant Capital Group LLC now owns 1,068 shares of the business services provider's stock valued at $125,000 after purchasing an additional 90 shares in the last quarter. Ellevest Inc. raised its position in shares of TD SYNNEX by 3.9% in the fourth quarter. Ellevest Inc. now owns 2,384 shares of the business services provider's stock valued at $280,000 after buying an additional 90 shares during the last quarter. Crossmark Global Holdings Inc. lifted its stake in shares of TD SYNNEX by 1.6% in the first quarter. Crossmark Global Holdings Inc. now owns 6,063 shares of the business services provider's stock worth $630,000 after buying an additional 94 shares in the last quarter. Utah Retirement Systems boosted its position in TD SYNNEX by 2.5% during the fourth quarter. Utah Retirement Systems now owns 4,100 shares of the business services provider's stock worth $481,000 after acquiring an additional 100 shares during the last quarter. Finally, State of Michigan Retirement System boosted its position in TD SYNNEX by 0.6% during the first quarter. State of Michigan Retirement System now owns 18,021 shares of the business services provider's stock worth $1,873,000 after acquiring an additional 100 shares during the last quarter. Hedge funds and other institutional investors own 84.00% of the company's stock.
Insider Buying and Selling
In related news, CFO Marshall Witt sold 1,509 shares of the firm's stock in a transaction dated Wednesday, June 18th. The shares were sold at an average price of $125.35, for a total value of $189,153.15. Following the transaction, the chief financial officer directly owned 49,563 shares of the company's stock, valued at approximately $6,212,722.05. This trade represents a 2.95% decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, insider Miriam Anne Murphy sold 3,000 shares of the business's stock in a transaction that occurred on Wednesday, April 30th. The stock was sold at an average price of $110.00, for a total value of $330,000.00. Following the sale, the insider owned 14,883 shares of the company's stock, valued at approximately $1,637,130. This trade represents a 16.78% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last quarter, insiders sold 67,819 shares of company stock valued at $9,143,874. 1.00% of the stock is owned by corporate insiders.
TD SYNNEX Announces Dividend
The business also recently declared a quarterly dividend, which will be paid on Friday, July 25th. Investors of record on Friday, July 11th will be paid a $0.44 dividend. The ex-dividend date is Friday, July 11th. This represents a $1.76 dividend on an annualized basis and a yield of 1.23%. TD SYNNEX's dividend payout ratio is currently 20.56%.
TD SYNNEX Company Profile
(
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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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