TD SYNNEX (NYSE:SNX – Get Free Report) issued an update on its third quarter 2026 earnings guidance on Thursday morning. The company provided EPS guidance of 4.250-4.750 for the period, compared to the consensus estimate of 3.950. The company issued revenue guidance of $18.2 billion-$19.0 billion, compared to the consensus revenue estimate of $16.8 billion.
Analyst Ratings Changes
Several research firms have recently commented on SNX. Barrington Research upped their price target on TD SYNNEX from $202.00 to $325.00 and gave the stock an “outperform” rating in a research note on Friday. The Goldman Sachs Group set a $330.00 target price on TD SYNNEX in a report on Friday. JPMorgan Chase & Co. upgraded TD SYNNEX from a “neutral” rating to an “overweight” rating and set a $298.00 price objective on the stock in a research report on Wednesday, May 27th. Weiss Ratings lowered shares of TD SYNNEX from a “buy (b+)” rating to a “buy (b)” rating in a report on Wednesday, June 17th. Finally, Barclays raised their price target on shares of TD SYNNEX from $166.00 to $237.00 and gave the stock an “equal weight” rating in a research note on Friday, May 29th. Nine equities research analysts have rated the stock with a Buy rating and two have given a Hold rating to the company’s stock. According to MarketBeat.com, TD SYNNEX has an average rating of “Moderate Buy” and an average price target of $277.10.
TD SYNNEX Stock Down 4.1%
TD SYNNEX (NYSE:SNX – Get Free Report) last issued its quarterly earnings results on Thursday, June 25th. The business services provider reported $4.85 EPS for the quarter, beating analysts’ consensus estimates of $4.14 by $0.71. TD SYNNEX had a return on equity of 15.37% and a net margin of 1.63%.The company had revenue of $19.57 billion for the quarter, compared to analyst estimates of $16.80 billion. During the same period last year, the company earned $2.99 earnings per share. The company’s quarterly revenue was up 31.0% compared to the same quarter last year. TD SYNNEX has set its Q3 2026 guidance at 4.250-4.750 EPS. Equities analysts anticipate that TD SYNNEX will post 15.88 EPS for the current year.
TD SYNNEX Dividend Announcement
The firm also recently declared a quarterly dividend, which will be paid on Friday, July 31st. Stockholders of record on Friday, July 17th will be issued a dividend of $0.48 per share. The ex-dividend date is Friday, July 17th. This represents a $1.92 dividend on an annualized basis and a dividend yield of 0.7%. TD SYNNEX’s payout ratio is currently 15.96%.
Insider Activity
In other news, CFO David Gregory Jordan sold 3,225 shares of the firm’s stock in a transaction on Monday, April 6th. The shares were sold at an average price of $189.46, for a total transaction of $611,008.50. Following the transaction, the chief financial officer owned 14,035 shares in the company, valued at approximately $2,659,071.10. This trade represents a 18.68% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, Director Richard T. Hume sold 5,000 shares of the stock in a transaction that occurred on Tuesday, June 2nd. The shares were sold at an average price of $280.38, for a total value of $1,401,900.00. Following the completion of the sale, the director directly owned 23,537 shares of the company’s stock, valued at $6,599,304.06. This represents a 17.52% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders have sold 21,250 shares of company stock worth $4,935,282 in the last 90 days. Company insiders own 0.70% of the company’s stock.
More TD SYNNEX News
Here are the key news stories impacting TD SYNNEX this week:
- Positive Sentiment: TD SYNNEX reported record fiscal Q2 results, with revenue of $19.58 billion and non-GAAP EPS of $4.85, both well above expectations. Revenue rose 31% year over year, showing broad-based demand strength. TD SYNNEX Reports Record Fiscal 2026 Second Quarter Results
- Positive Sentiment: Management issued upbeat Q3 guidance, with EPS outlook of $4.25 to $4.75 and revenue guidance above analyst estimates, signaling continued momentum after the strong quarter. TD SYNNEX stock report
- Positive Sentiment: Analysts responded favorably after the earnings release, including Barrington Research raising its price target to $325 from $202 and reiterating an outperform rating, which can support investor sentiment. Analysts Boost Forecasts on TD Synnex After Upbeat Q2 Results
- Positive Sentiment: Commentary around Hyve Solutions highlighted strong AI infrastructure demand, record billings, and continued growth in both Hyve and distribution, suggesting the business mix is improving. TD Synnex: Hyve And Distribution Are Both Pulling The Story Forward
- Neutral Sentiment: The company also declared a quarterly dividend of $0.48 per share, which is supportive for income investors but not likely the main driver of the stock today.
- Negative Sentiment: After a sharp year-to-date rally, some investors appear concerned that the stock’s valuation has run ahead of fundamentals, making the shares vulnerable to profit-taking despite the strong operating results. TD Synnex: Still A Buy, Though The Easy Money Has Been Made
Institutional Investors Weigh In On TD SYNNEX
A number of institutional investors and hedge funds have recently modified their holdings of SNX. State Street Corp boosted its stake in TD SYNNEX by 0.4% in the third quarter. State Street Corp now owns 2,372,733 shares of the business services provider’s stock valued at $388,535,000 after acquiring an additional 9,024 shares during the last quarter. Nuveen LLC increased its holdings in TD SYNNEX by 3.8% in the fourth quarter. Nuveen LLC now owns 1,136,085 shares of the business services provider’s stock valued at $170,674,000 after purchasing an additional 41,679 shares during the last quarter. AQR Capital Management LLC grew its holdings in shares of TD SYNNEX by 141.8% in the 4th quarter. AQR Capital Management LLC now owns 934,772 shares of the business services provider’s stock valued at $140,431,000 after buying an additional 548,180 shares during the period. Alyeska Investment Group L.P. acquired a new position in shares of TD SYNNEX in the 3rd quarter valued at $135,631,000. Finally, Invesco Ltd. increased its position in shares of TD SYNNEX by 5.3% in the 4th quarter. Invesco Ltd. now owns 741,328 shares of the business services provider’s stock valued at $111,370,000 after buying an additional 37,305 shares in the last quarter. 84.00% of the stock is owned by institutional investors.
About TD SYNNEX
TD SYNNEX (NYSE: SNX) is a leading global distributor and solutions aggregator for the information technology industry. Formed in September 2021 through the merger of Tech Data and SYNNEX Corporation, the company provides a comprehensive range of products, services and solutions that span hardware, software, cloud, mobility, security and data center technologies. TD SYNNEX partners with vendors, resellers and system integrators to design, deploy and support IT infrastructures across diverse market segments, including commercial enterprises, public sector organizations and retail operations.
The company’s core business activities include the distribution of technology products from manufacturers such as servers, storage, networking equipment and peripherals, as well as the resale and provisioning of software licenses and cloud-based solutions.
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