NYSE:SNX - SYNNEX Stock Price, News, & Analysis

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

SYNNEX declared a quarterly dividend on Thursday, June 28th. Stockholders of record on Friday, July 13th will be paid a dividend of $0.35 per share on Friday, July 27th. This represents a $1.40 dividend on an annualized basis and a dividend yield of 1.50%. The ex-dividend date is Thursday, July 12th. View SYNNEX's Dividend History.

SYNNEX declared that its Board of Directors has approved a stock repurchase plan on Friday, June 23rd 2017, which permits the company to repurchase $300,000,000.00 in shares, according to EventVestor. This repurchase authorization permits the company to reacquire up to 6.2% of its stock through open market purchases. Stock repurchase plans are typically a sign that the company's leadership believes its shares are undervalued.

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

SYNNEX is scheduled to release their next quarterly earnings announcement on Wednesday, October, 3rd 2018. View Earnings Estimates for SYNNEX.

SYNNEX issued an update on its third quarter earnings guidance on Thursday, June, 28th. The company provided EPS guidance of $2.42-2.52 for the period, compared to the Thomson Reuters consensus 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 12 month price targets for SYNNEX's stock. Their forecasts range from $130.00 to $160.00. On average, they anticipate SYNNEX's stock price to reach $139.1667 in the next year. This suggests a possible upside of 49.5% from the stock's current price. View Analyst Price Targets 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." View Analyst Ratings for SYNNEX.

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).

Headlines about SNX stock have been trending somewhat positive this week, Accern reports. Accern identifies negative and positive press coverage by reviewing more than 20 million news and blog sources. Accern ranks coverage of public companies on a scale of -1 to 1, with scores closest to one being the most favorable. SYNNEX earned a coverage optimism score of 0.18 on Accern's scale. They also assigned headlines about the business services provider an impact score of 46.57 out of 100, meaning that recent press coverage is somewhat unlikely to have an effect on the stock's share price in the next several days. View Recent Headlines for SYNNEX.

SYNNEX's stock is owned by a variety of of retail and institutional investors. Top institutional shareholders include FMR LLC (14.77%), BlackRock Inc. (9.28%), Dimensional Fund Advisors LP (4.42%), Northern Trust Corp (2.29%), Boston Partners (2.05%) and Bank of New York Mellon Corp (0.99%). 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 FMR LLC, Voya Investment Management LLC, Dimensional Fund Advisors LP, James Investment Research Inc., HL Financial Services LLC, Dupont Capital Management Corp, Stevens Capital Management LP and Raymond James & Associates. 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 bought by a variety of institutional investors in the last quarter, including Mesirow Financial Investment Management Equity Management, Northern Trust Corp, Wells Fargo & Company MN, Paradigm Capital Management Inc. NY, SG Americas Securities LLC, Schwab Charles Investment Management Inc., Canada Pension Plan Investment Board and Mutual of America Capital Management LLC. 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 $93.08.

SYNNEX has a market capitalization of $3.74 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]