Synnex Corporation (NYSE:SNX) – Stock analysts at CLSA decreased their Q3 2017 earnings per share (EPS) estimates for Synnex Corporation in a research note issued on Wednesday. CLSA analyst L. Miscioscia now expects that the brokerage will earn $1.90 per share for the quarter, down from their prior forecast of $1.95. CLSA also issued estimates for Synnex Corporation’s Q4 2017 earnings at $2.23 EPS.

Several other equities research analysts have also recently issued reports on the stock. Stifel Nicolaus raised their price target on shares of Synnex Corporation from $98.00 to $104.00 and gave the stock a “hold” rating in a research note on Tuesday, September 27th. Zacks Investment Research cut shares of Synnex Corporation from a “buy” rating to a “hold” rating in a research report on Thursday, December 1st. raised their target price on shares of Synnex Corporation from $88.00 to $113.00 and gave the stock an “underperform” rating in a research report on Tuesday, September 27th. Brean Capital reissued a “buy” rating and issued a $124.00 target price (up from $108.00) on shares of Synnex Corporation in a research report on Wednesday, September 28th. Finally, Needham & Company LLC reissued a “hold” rating on shares of Synnex Corporation in a research report on Tuesday, September 27th. One equities research analyst has rated the stock with a sell rating, five have given a hold rating, one has issued a buy rating and one has issued a strong buy rating to the stock. The company presently has a consensus rating of “Hold” and a consensus target price of $116.17.

Earnings History and Estimates for Synnex Corporation (NYSE:SNX)

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Synnex Corporation (NYSE:SNX) traded up 0.55% during trading on Friday, hitting $125.38. 122,750 shares of the stock traded hands. Synnex Corporation has a 12 month low of $75.87 and a 12 month high of $129.24. The firm has a 50-day moving average price of $122.73 and a 200 day moving average price of $108.65. The firm has a market cap of $4.94 billion, a PE ratio of 21.31 and a beta of 1.26.

Synnex Corporation (NYSE:SNX) last released its earnings results on Tuesday, January 10th. The company reported $2.57 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $2.09 by $0.48. Synnex Corporation had a net margin of 1.67% and a return on equity of 14.80%. The firm earned $3.89 billion during the quarter. During the same quarter in the previous year, the business posted $1.80 earnings per share. Synnex Corporation’s revenue for the quarter was up 9.5% on a year-over-year basis.

The firm also recently declared a quarterly dividend, which will be paid on Friday, January 27th. Investors of record on Friday, January 13th will be issued a $0.25 dividend. The ex-dividend date of this dividend is Wednesday, January 11th. This represents a $1.00 annualized dividend and a yield of 0.80%. Synnex Corporation’s payout ratio is 17.01%.

In other news, COO Dennis Polk sold 1,377 shares of Synnex Corporation stock in a transaction that occurred on Tuesday, November 1st. The shares were sold at an average price of $101.70, for a total transaction of $140,040.90. Following the sale, the chief operating officer now owns 57,359 shares in the company, valued at $5,833,410.30. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, CEO Kevin M. Murai sold 2,000 shares of Synnex Corporation stock in a transaction that occurred on Tuesday, January 10th. The shares were sold at an average price of $120.43, for a total transaction of $240,860.00. Following the sale, the chief executive officer now owns 136,962 shares in the company, valued at approximately $16,494,333.66. The disclosure for this sale can be found here. 3.40% of the stock is currently owned by corporate insiders.

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Several hedge funds have recently bought and sold shares of the stock. Credit Suisse AG raised its stake in Synnex Corporation by 6.3% in the third quarter. Credit Suisse AG now owns 93,365 shares of the company’s stock worth $10,654,000 after buying an additional 5,520 shares in the last quarter. Ameritas Investment Partners Inc. raised its stake in Synnex Corporation by 67.1% in the third quarter. Ameritas Investment Partners Inc. now owns 11,368 shares of the company’s stock worth $1,297,000 after buying an additional 4,566 shares in the last quarter. Hillcrest Asset Management LLC raised its stake in Synnex Corporation by 1.4% in the third quarter. Hillcrest Asset Management LLC now owns 121,345 shares of the company’s stock worth $13,847,000 after buying an additional 1,630 shares in the last quarter. Fuller & Thaler Asset Management Inc. raised its stake in Synnex Corporation by 23.1% in the third quarter. Fuller & Thaler Asset Management Inc. now owns 1,600 shares of the company’s stock worth $183,000 after buying an additional 300 shares in the last quarter. Finally, Clinton Group Inc. purchased a new stake in Synnex Corporation during the third quarter worth about $5,691,000. Institutional investors own 75.01% of the company’s stock.

Synnex Corporation Company Profile

SYNNEX Corporation is a process services company. The Company offers a range of services to resellers, retailers, original equipment manufacturers (OEMs), financial and insurance institutions, and other industry verticals across the world. The Company operates in two segments: Technology Solutions and Concentrix.

5 Day Chart for NYSE:SNX

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