Headlines about Tech Data (NASDAQ:TECD) have trended somewhat positive recently, Accern Sentiment Analysis reports. The research firm rates the sentiment of press coverage by analyzing more than 20 million blog and news sources. Accern ranks coverage of public companies on a scale of negative one to one, with scores nearest to one being the most favorable. Tech Data earned a coverage optimism score of 0.15 on Accern’s scale. Accern also gave news articles about the company an impact score of 46.0588976164566 out of 100, meaning that recent press coverage is somewhat unlikely to have an effect on the stock’s share price in the near future.
Tech Data (NASDAQ:TECD) traded up $0.21 during trading hours on Friday, reaching $104.85. The company had a trading volume of 263,862 shares, compared to its average volume of 307,354. The firm has a market capitalization of $4,000.00, a price-to-earnings ratio of 20.01, a price-to-earnings-growth ratio of 0.52 and a beta of 0.78. Tech Data has a 52-week low of $81.42 and a 52-week high of $111.10. The company has a quick ratio of 0.89, a current ratio of 1.35 and a debt-to-equity ratio of 0.66.
Tech Data (NASDAQ:TECD) last posted its quarterly earnings results on Monday, November 27th. The company reported $2.00 earnings per share for the quarter, beating the consensus estimate of $1.90 by $0.10. The firm had revenue of $9.14 billion for the quarter, compared to analyst estimates of $9.10 billion. Tech Data had a return on equity of 11.90% and a net margin of 0.59%. Tech Data’s quarterly revenue was up 40.8% on a year-over-year basis. During the same period in the previous year, the firm earned $1.44 earnings per share. sell-side analysts anticipate that Tech Data will post 9.14 earnings per share for the current year.
A number of brokerages have recently issued reports on TECD. BidaskClub raised Tech Data from a “hold” rating to a “buy” rating in a research report on Tuesday. ValuEngine raised Tech Data from a “hold” rating to a “buy” rating in a research report on Wednesday, November 29th. Raymond James Financial reaffirmed a “hold” rating on shares of Tech Data in a research report on Tuesday, November 28th. Pivotal Research set a $114.00 target price on Tech Data and gave the stock a “buy” rating in a research report on Tuesday, November 28th. Finally, Needham & Company LLC boosted their target price on Tech Data from $102.00 to $110.00 and gave the stock a “buy” rating in a research report on Tuesday, November 28th. Three research analysts have rated the stock with a hold rating and eight have assigned a buy rating to the company’s stock. The stock currently has a consensus rating of “Buy” and an average target price of $112.33.
In related news, COO Richard T. Hume sold 3,100 shares of the company’s stock in a transaction on Thursday, November 30th. The stock was sold at an average price of $98.06, for a total transaction of $303,986.00. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. 1.60% of the stock is currently owned by insiders.
About Tech Data
Tech Data Corporation is a wholesale distributor of technology products. The Company serves as a link in the technology supply chain by bringing products from the technology vendors to market, as well as providing its customers with logistics capabilities and services. It operates through the segment of distributing technology products, logistics management and other value-added services.
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