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 Wednesday, September 26th. Shareholders of record on Friday, October 12th will be paid a dividend of $0.35 per share on Friday, October 26th. This represents a $1.40 annualized dividend and a yield of 1.83%. The ex-dividend date of this dividend is Thursday, October 11th. View SYNNEX's Dividend History.

SYNNEX announced that its board has authorized a share buyback program on Friday, June 23rd 2017, which authorizes the company to buyback $300,000,000.00 in shares, according to EventVestor. This buyback authorization authorizes the company to reacquire up to 6.2% of its shares through open market purchases. Shares buyback programs are usually an indication that the company's board believes its stock is undervalued.

SYNNEX Co. (NYSE:SNX) released its earnings results on Wednesday, October, 3rd. The business services provider reported $2.57 EPS for the quarter, topping analysts' consensus estimates of $2.46 by $0.11. The business services provider had revenue of $4.91 billion for the quarter, compared to the consensus estimate of $4.88 billion. SYNNEX had a return on equity of 17.16% and a net margin of 1.41%. The company's revenue was up 14.8% on a year-over-year basis. During the same quarter in the prior year, the business posted $2.16 EPS. View SYNNEX's Earnings History.

SYNNEX is scheduled to release their next quarterly earnings announcement on Tuesday, January 8th 2019. View Earnings Estimates for SYNNEX.

SYNNEX issued an update on its fourth quarter earnings guidance on Wednesday, October, 3rd. The company provided earnings per share guidance of $2.90-$3.10 for the period, compared to the Thomson Reuters consensus estimate of $3.07. The company issued revenue guidance of $5.2-$5.4 billion, compared to the consensus revenue estimate of $5.36 billion.

7 brokers have issued twelve-month price targets for SYNNEX's stock. Their forecasts range from $100.00 to $160.00. On average, they expect SYNNEX's share price to reach $131.50 in the next twelve months. This suggests a possible upside of 72.0% 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, 4 buy ratings and 1 strong buy rating for the stock, resulting in a consensus recommendation of "Buy." View Analyst Ratings for SYNNEX.

News articles about SNX stock have trended positive on Tuesday, InfoTrie reports. InfoTrie scores the sentiment of news coverage by analyzing more than six thousand blog and news sources in real time. The firm ranks coverage of companies on a scale of negative five to five, with scores closest to five being the most favorable. SYNNEX earned a media sentiment score of 3.0 on InfoTrie's scale. They also gave media coverage about the business services provider a news buzz of 10.0 out of 10, meaning that recent news coverage is extremely likely to have an effect on the company's share price in the near future.

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

SYNNEX's stock is owned by many different of retail and institutional investors. Top institutional investors include FMR LLC (11.62%), BlackRock Inc. (7.38%), Dimensional Fund Advisors LP (3.47%), AQR Capital Management LLC (1.61%), Prudential Financial Inc. (0.74%) and Allianz Asset Management GmbH (0.67%). Company insiders that own SYNNEX stock include Andrea M Zulberti, Dennis Polk, Duane E Zitzner, 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 Institutional Ownership Trends for SYNNEX.

SNX stock was sold by a variety of institutional investors in the last quarter, including AQR Capital Management LLC, James Investment Research Inc., Hsbc Holdings PLC, SG Americas Securities LLC, Crestline Management LP, Wells Fargo & Company MN, JPMorgan Chase & Co. and JPMorgan Chase & Co.. Company insiders that have sold SYNNEX company stock in the last year include Andrea M Zulberti, Dennis Polk, Dwight Steffensen, 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 Copeland Capital Management LLC, BlackRock Inc., FMR LLC, Russell Investments Group Ltd., First Quadrant L P CA, Prudential Financial Inc., Stevens Capital Management LP and Man Group plc. Company insiders that have bought SYNNEX stock in the last two years include Matthew Miau and Star Developments Ltd Silver. 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 $76.44.

SYNNEX has a market capitalization of $4.03 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.

The official website for SYNNEX is http://www.synnex.com.

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]