SYNNEX (SNX) Set to Announce Quarterly Earnings on Wednesday
SYNNEX (NYSE:SNX) is scheduled to release its earnings data after the market closes on Wednesday, March 27th. Analysts expect SYNNEX to post earnings of $2.73 per share for the quarter. SYNNEX has set its Q1 2019 guidance at $2.70-2.80 EPS and its Q1 guidance at $2.70-2.80 EPS.Persons that are interested in registering for the company’s earnings conference call can do so using this link.
SYNNEX (NYSE:SNX) last issued its earnings results on Thursday, January 10th. The business services provider reported $3.65 EPS for the quarter, topping the Zacks’ consensus estimate of $3.25 by $0.40. The business had revenue of $5.62 billion for the quarter, compared to analyst estimates of $5.54 billion. SYNNEX had a net margin of 1.50% and a return on equity of 17.54%. The company’s quarterly revenue was up 5.8% compared to the same quarter last year. During the same period last year, the company posted $2.79 earnings per share. On average, analysts expect SYNNEX to post $12 EPS for the current fiscal year and $13 EPS for the next fiscal year.
Shares of NYSE:SNX opened at $91.36 on Monday. The company has a market cap of $4.68 billion, a PE ratio of 8.39 and a beta of 0.74. SYNNEX has a one year low of $71.82 and a one year high of $119.81. The company has a debt-to-equity ratio of 0.76, a quick ratio of 0.94 and a current ratio of 1.45.
In other news, Director Andrea M. Zulberti sold 2,416 shares of the stock in a transaction that occurred on Tuesday, January 15th. The shares were sold at an average price of $90.45, for a total transaction of $218,527.20. Following the transaction, the director now directly owns 14,717 shares in the company, valued at $1,331,152.65. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, CFO Marshall Witt sold 600 shares of the stock in a transaction that occurred on Friday, February 1st. The shares were sold at an average price of $96.41, for a total transaction of $57,846.00. Following the transaction, the chief financial officer now owns 18,293 shares in the company, valued at $1,763,628.13. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 4,216 shares of company stock worth $383,383. Insiders own 3.20% of the company’s stock.
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SYNNEX Corporation provides business process services in the Americas, Asia-Pacific, Europe and Africa. It operates in two segments, Technology Solutions and Concentrix. The Technology Solutions segment distributes peripherals; information technology systems, including data center servers and storage solutions; system components; software; networking, communications, and security equipment; consumer electronics; and complementary products.
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