TD SYNNEX Delivers Strong Q4, Raises Dividend Amid IT Growth Momentum; Stock Gains
Written by Emily J. Thompson, Senior Investment Analyst
Updated: Jan 10 2025
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Source: Benzinga
Quarterly Performance: TD SYNNEX Corp reported a fourth-quarter revenue of $15.85 billion, exceeding analyst expectations, with an adjusted EPS of $3.09 and a 10% year-over-year revenue increase.
Future Outlook: The company anticipates first-quarter adjusted EPS between $2.65 and $3.15, projecting revenue of $14.4 billion to $15.2 billion, while also increasing its quarterly cash dividend by 10%.
Analyst Views on SNX
Wall Street analysts forecast SNX stock price to rise over the next 12 months. According to Wall Street analysts, the average 1-year price target for SNX is 178.33 USD with a low forecast of 163.00 USD and a high forecast of 193.00 USD. However, analyst price targets are subjective and often lag stock prices, so investors should focus on the objective reasons behind analyst rating changes, which better reflect the company's fundamentals.
6 Analyst Rating
5 Buy
1 Hold
0 Sell
Strong Buy
Current: 149.940
Low
163.00
Averages
178.33
High
193.00
Current: 149.940
Low
163.00
Averages
178.33
High
193.00
About SNX
TD Synnex Corporation is a global distributor and solutions aggregator for the information technology (IT) ecosystem. The Company's two primary solution portfolios include Endpoint Solutions and Advanced Solutions. The Endpoint Solutions portfolio primarily includes personal computing devices and peripherals, mobile phones and accessories, printers and supplies. The Advanced Solutions portfolio primarily includes data center technologies, such as hybrid cloud, security, storage, networking, servers, software, converged and hyper-converged infrastructure and hyperscale infrastructure, via its Hyve business. Its service offerings include systems design and integration solutions, logistics services, depot repair services, customer management services, cloud services, online services, financial services, and marketing services. It serves commercial, government reseller, and retail customers. Its StreamOne is a complete platform that includes a marketplace function.
About the author
Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
