NASDAQ:TECD - Tech Data Stock Price, Price Target & More

Tech Data trades on the NASDAQ under the ticker symbol "TECD."

Tech Data Corp (NASDAQ:TECD) posted its quarterly earnings results on Thursday, May, 31st. The company reported $1.84 earnings per share (EPS) for the quarter, topping the Zacks' consensus estimate of $1.47 by $0.37. The company had revenue of $8.54 billion for the quarter, compared to the consensus estimate of $8.13 billion. Tech Data had a net margin of 0.32% and a return on equity of 12.41%. The company's revenue for the quarter was up 21.6% on a year-over-year basis. During the same period last year, the firm posted $1.87 EPS. View Tech Data's Earnings History.

Tech Data is scheduled to release their next quarterly earnings announcement on Thursday, August, 30th 2018. View Earnings Estimates for Tech Data.

Tech Data issued an update on its second quarter earnings guidance on Thursday, May, 31st. The company provided EPS guidance of $1.95-2.25 for the period, compared to the Thomson Reuters consensus earnings per share estimate of $2.10. The company issued revenue guidance of $8.6-8.9 billion, compared to the consensus revenue estimate of $8.58 billion.

8 brokerages have issued 1 year price objectives for Tech Data's shares. Their forecasts range from $95.00 to $127.00. On average, they anticipate Tech Data's stock price to reach $110.2857 in the next twelve months. This suggests a possible upside of 29.0% from the stock's current price. View Analyst Ratings for Tech Data.

8 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Tech Data in the last year. There are currently 2 hold ratings and 6 buy ratings for the stock, resulting in a consensus recommendation of "Buy."

Some companies that are related to Tech Data include SYNNEX (SNX), ePlus (PLUS), Presidio (PSDO), ScanSource (SCSC), Wayside Technology Group (WSTG), Applied Visual Sciences (APVS), Speed Commerce (SPDC) and SED International (SEDN).

Press coverage about TECD stock has been trending somewhat positive recently, Accern Sentiment Analysis reports. The research group scores the sentiment of news coverage by reviewing more than 20 million news and blog sources. Accern ranks coverage of publicly-traded companies on a scale of -1 to 1, with scores closest to one being the most favorable. Tech Data earned a daily sentiment score of 0.06 on Accern's scale. They also gave news articles about the company an impact score of 45.69 out of 100, indicating that recent news coverage is somewhat unlikely to have an impact on the company's share price in the next several days.

Tech Data's stock is owned by a variety of of institutional and retail investors. Top institutional shareholders include Peregrine Capital Management LLC (0.82%), Foundry Partners LLC (0.36%), Bank of Montreal Can (0.08%), Nisa Investment Advisors LLC (0.07%), Municipal Employees Retirement System of Michigan (0.02%) and Alpha Windward LLC (0.02%). Company insiders that own Tech Data stock include Alain Amsellem, Charles E Adair, Charles V Dannewitz, David R Vetter, Harry J Harczak, Jr, Jeffrey Louis Taylor, John A Tonnison, Joseph B Trepani, Joseph H Quaglia, Richard T Hume, Robert M Dutkowsky and Thomas I Morgan. View Institutional Ownership Trends for Tech Data.

TECD stock was sold by a variety of institutional investors in the last quarter, including Assenagon Asset Management S.A. and Municipal Employees Retirement System of Michigan. View Insider Buying and Selling for Tech Data.

TECD stock was acquired by a variety of institutional investors in the last quarter, including Bank of Montreal Can, Peregrine Capital Management LLC, Nisa Investment Advisors LLC, Foundry Partners LLC, Alpha Windward LLC and Xact Kapitalforvaltning AB. View Insider Buying and Selling for Tech Data.

Shares of TECD can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Scottrade, Fidelity and Charles Schwab.

One share of TECD stock can currently be purchased for approximately $85.52.

Tech Data has a market capitalization of $3.28 billion and generates $36.78 billion in revenue each year. The company earns $116.64 million in net income (profit) each year or $9.11 on an earnings per share basis. Tech Data employs 14,000 workers across the globe.

Tech Data's mailing address is 5350 TECH DATA DRIVE, CLEARWATER FL, 33760. The company can be reached via phone at 727-539-7429 or via email at [email protected]