Synnex (SNX) Set to Announce Quarterly Earnings on Tuesday
Synnex (NYSE:SNX) is scheduled to be announcing its earnings results after the market closes on Tuesday, January 9th. Analysts expect the company to announce earnings of $2.68 per share for the quarter.
Shares of Synnex (NYSE:SNX) opened at $139.04 on Monday. Synnex has a 12-month low of $101.48 and a 12-month high of $141.94. The company has a debt-to-equity ratio of 0.25, a current ratio of 1.61 and a quick ratio of 0.80. The stock has a market cap of $5,556.73, a P/E ratio of 16.11 and a beta of 1.08.
In other news, CEO Kevin M. Murai sold 2,000 shares of the firm’s stock in a transaction on Tuesday, October 10th. The shares were sold at an average price of $130.37, for a total transaction of $260,740.00. The transaction was disclosed in a filing with the SEC, which is accessible through this link. Also, Director Thomas S. Wurster sold 300 shares of the firm’s stock in a transaction on Tuesday, January 2nd. The shares were sold at an average price of $136.57, for a total transaction of $40,971.00. Following the transaction, the director now owns 10,531 shares in the company, valued at approximately $1,438,218.67. The disclosure for this sale can be found here. Insiders have sold a total of 9,900 shares of company stock worth $1,311,132 in the last 90 days. 3.20% of the stock is owned by insiders.
A number of equities research analysts have issued reports on SNX shares. Stifel Nicolaus reiterated a “buy” rating and issued a $132.00 target price on shares of Synnex in a research report on Tuesday, October 17th. SunTrust Banks started coverage on shares of Synnex in a research report on Thursday, December 7th. They issued a “buy” rating and a $145.00 target price for the company. Needham & Company LLC reiterated a “buy” rating and issued a $135.00 target price on shares of Synnex in a research report on Monday, September 18th. Citigroup increased their target price on shares of Synnex from $122.00 to $130.00 and gave the stock a “neutral” rating in a research report on Tuesday, September 26th. Finally, Loop Capital raised their price target on shares of Synnex from $140.00 to $150.00 and gave the company a “buy” rating in a report on Tuesday, September 26th. One investment analyst has rated the stock with a sell rating, three have given a hold rating, six have assigned a buy rating and one has issued a strong buy rating to the company. The company presently has an average rating of “Buy” and an average price target of $136.22.
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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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