Equities analysts expect SYNNEX Co. (NYSE:SNX) to announce earnings of $2.11 per share for the current quarter, Zacks reports. Three analysts have provided estimates for SYNNEX’s earnings. SYNNEX posted earnings of $1.82 per share in the same quarter last year, which indicates a positive year-over-year growth rate of 15.9%. The business is scheduled to announce its next quarterly earnings report on Monday, March 26th.

On average, analysts expect that SYNNEX will report full-year earnings of $10.42 per share for the current fiscal year, with EPS estimates ranging from $10.35 to $10.50. For the next fiscal year, analysts forecast that the business will report earnings of $11.20 per share, with EPS estimates ranging from $11.10 to $11.29. Zacks’ earnings per share calculations are a mean average based on a survey of research analysts that cover SYNNEX.

SYNNEX (NYSE:SNX) last released its quarterly earnings data on Tuesday, January 9th. The business services provider reported $2.79 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $2.69 by $0.10. SYNNEX had a return on equity of 16.43% and a net margin of 1.77%. The business had revenue of $5.31 billion during the quarter, compared to analyst estimates of $4.85 billion. During the same quarter in the previous year, the firm posted $2.57 EPS. The business’s revenue for the quarter was up 36.7% compared to the same quarter last year.

SNX has been the subject of a number of analyst reports. Stifel Nicolaus restated a “buy” rating and set a $132.00 price objective on shares of SYNNEX in a research report on Tuesday, October 17th. Zacks Investment Research lowered SYNNEX from a “buy” rating to a “hold” rating in a research report on Tuesday, November 28th. SunTrust Banks initiated coverage on SYNNEX in a research report on Thursday, December 7th. They set a “buy” rating and a $145.00 price objective for the company. Pivotal Research restated a “hold” rating and set a $150.00 price objective (up previously from $138.00) on shares of SYNNEX in a research report on Wednesday, January 10th. Finally, Citigroup restated a “neutral” rating and set a $150.00 price objective on shares of SYNNEX in a research report on Wednesday, January 10th. One analyst has rated the stock with a sell rating, two have assigned a hold rating, six have given a buy rating and one has issued a strong buy rating to the company’s stock. The company presently has an average rating of “Buy” and an average target price of $145.38.

In other SYNNEX news, CEO Kevin M. Murai sold 2,000 shares of the business’s stock in a transaction on Tuesday, November 14th. The stock was sold at an average price of $128.81, for a total transaction of $257,620.00. Following the completion of the transaction, the chief executive officer now owns 144,125 shares in the company, valued at approximately $18,564,741.25. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, CFO Marshall Witt sold 300 shares of the business’s stock in a transaction on Thursday, February 1st. The stock was sold at an average price of $122.00, for a total value of $36,600.00. Following the transaction, the chief financial officer now owns 10,531 shares of the company’s stock, valued at approximately $1,284,782. The disclosure for this sale can be found here. Insiders have sold a total of 1,270,900 shares of company stock valued at $165,646,756 in the last quarter. 3.20% of the stock is currently owned by insiders.

Hedge funds have recently made changes to their positions in the business. Advisor Group Inc. boosted its position in SYNNEX by 50.1% during the 2nd quarter. Advisor Group Inc. now owns 929 shares of the business services provider’s stock worth $112,000 after acquiring an additional 310 shares during the period. Zurcher Kantonalbank Zurich Cantonalbank raised its stake in shares of SYNNEX by 48.2% in the 4th quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 1,663 shares of the business services provider’s stock worth $226,000 after buying an additional 541 shares in the last quarter. Shelton Capital Management bought a new stake in shares of SYNNEX in the 2nd quarter worth $246,000. Oakbrook Investments LLC raised its stake in shares of SYNNEX by 30.3% in the 4th quarter. Oakbrook Investments LLC now owns 2,150 shares of the business services provider’s stock worth $292,000 after buying an additional 500 shares in the last quarter. Finally, Canada Pension Plan Investment Board raised its stake in shares of SYNNEX by 175.0% in the 3rd quarter. Canada Pension Plan Investment Board now owns 2,200 shares of the business services provider’s stock worth $278,000 after buying an additional 1,400 shares in the last quarter. Institutional investors own 71.22% of the company’s stock.

SYNNEX (SNX) traded up $0.38 during trading hours on Monday, reaching $112.93. The company had a trading volume of 207,631 shares, compared to its average volume of 317,134. SYNNEX has a twelve month low of $101.48 and a twelve month high of $141.94. The firm has a market cap of $4,511.40, a price-to-earnings ratio of 15.06 and a beta of 0.93. The company has a quick ratio of 0.89, a current ratio of 1.42 and a debt-to-equity ratio of 0.50.

The firm also recently declared a quarterly dividend, which was paid on Wednesday, January 31st. Shareholders of record on Friday, January 19th were given a dividend of $0.35 per share. This represents a $1.40 dividend on an annualized basis and a yield of 1.24%. The ex-dividend date was Thursday, January 18th. This is a positive change from SYNNEX’s previous quarterly dividend of $0.30. SYNNEX’s payout ratio is 18.67%.

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About SYNNEX

Synnex Corporation is a business process services company. The Company provides a range of distribution, logistics and integration services for the technology industry and providing outsourced services focused on customer engagement strategy. The Company operates in two segments: Technology Solutions and Concentrix.

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Earnings History and Estimates for SYNNEX (NYSE:SNX)

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