NYSE:SNX - SYNNEX Stock Price, Price Target & More

SYNNEX trades on the New York Stock Exchange (NYSE) under the ticker symbol "SNX."

SYNNEX declared a quarterly dividend on Thursday, June 28th. Shareholders of record on Friday, July 13th will be given a dividend of $0.35 per share on Friday, July 27th. This represents a $1.40 annualized dividend and a yield of 1.42%. The ex-dividend date of this dividend is Thursday, July 12th. View SYNNEX's Dividend History.

SYNNEX announced that its Board of Directors has authorized a stock buyback program on Friday, June 23rd 2017, which permits the company to repurchase $300,000,000.00 in outstanding shares, according to EventVestor. This repurchase authorization permits the company to buy up to 6.2% of its shares through open market purchases. Shares repurchase programs are typically a sign that the company's board believes its stock is undervalued.

SYNNEX Co. (NYSE:SNX) posted its earnings results on Thursday, June, 28th. The business services provider reported $2.38 earnings per share for the quarter, topping the consensus estimate of $2.30 by $0.08. The business services provider had revenue of $4.97 billion for the quarter, compared to the consensus estimate of $4.66 billion. SYNNEX had a net margin of 1.49% and a return on equity of 16.69%. SYNNEX's quarterly revenue was up 26.3% on a year-over-year basis. During the same quarter in the previous year, the company posted $2.08 earnings per share. View SYNNEX's Earnings History.

SYNNEX is scheduled to release their next quarterly earnings announcement on Monday, September, 24th 2018. View Earnings Estimates for SYNNEX.

SYNNEX updated its third quarter earnings guidance on Thursday, June, 28th. The company provided earnings per share (EPS) guidance of $2.42-2.52 for the period, compared to the Thomson Reuters consensus EPS estimate of $2.56. The company issued revenue guidance of $4.8-5.0 billion, compared to the consensus revenue estimate of $4.87 billion.

7 Wall Street analysts have issued 1 year target prices for SYNNEX's stock. Their predictions range from $130.00 to $160.00. On average, they expect SYNNEX's share price to reach $139.1667 in the next year. This suggests a possible upside of 41.1% from the stock's current price. View Analyst Ratings for SYNNEX.

7 Wall Street analysts have issued "buy," "hold," and "sell" ratings for SYNNEX in the last year. There are currently 2 hold ratings and 5 buy ratings for the stock, resulting in a consensus recommendation of "Buy."

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

Press coverage about SNX stock has trended somewhat positive on Saturday, according to Accern Sentiment Analysis. Accern identifies positive and negative news coverage by reviewing more than 20 million blog and news sources. Accern ranks coverage of companies on a scale of negative one to positive one, with scores closest to one being the most favorable. SYNNEX earned a news impact score of 0.08 on Accern's scale. They also gave headlines about the business services provider an impact score of 44.97 out of 100, meaning that recent news coverage is somewhat unlikely to have an effect on the stock's share price in the near future.

SYNNEX's stock is owned by a number of of institutional and retail investors. Top institutional investors include James Investment Research Inc. (0.35%), Cornerstone Wealth Management LLC (0.03%), Municipal Employees Retirement System of Michigan (0.02%), Xact Kapitalforvaltning AB (0.01%) and Townsend & Associates Inc (0.00%). Company insiders that own SYNNEX stock include Andrea M Zulberti, Dennis Polk, Developments Ltd Peer, Duane E Zitzner, Dwight Steffensen, Fred A Breidenbach, Gregory L Quesnel, Kevin M Murai, Marshall Witt, Matthew Miau, Peter Larocque, Simon Leung, Star Developments Ltd Silver and Thomas S Wurster. View Institutional Ownership Trends for SYNNEX.

SNX stock was sold by a variety of institutional investors in the last quarter, including James Investment Research Inc. and Municipal Employees Retirement System of Michigan. Company insiders that have sold SYNNEX company stock in the last year include Andrea M Zulberti, Dennis Polk, Dwight Steffensen, Fred A Breidenbach, Kevin M Murai, Marshall Witt, Matthew Miau, Peter Larocque, Simon Leung, Star Developments Ltd Silver and Thomas S Wurster. View Insider Buying and Selling for SYNNEX.

SNX stock was purchased by a variety of institutional investors in the last quarter, including Cornerstone Wealth Management LLC, Xact Kapitalforvaltning AB and Townsend & Associates Inc. View Insider Buying and Selling for SYNNEX.

Shares of SNX 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 SNX stock can currently be purchased for approximately $98.60.

SYNNEX has a market capitalization of $4.00 billion and generates $17.05 billion in revenue each year. The business services provider earns $301.17 million in net income (profit) each year or $8.86 on an earnings per share basis. SYNNEX employs 113,600 workers across the globe.

SYNNEX's mailing address is 44201 NOBEL DRIVE, FREMONT CA, 94538. The business services provider can be reached via phone at 510-656-3333 or via email at [email protected]