News stories about Tech Data (NASDAQ:TECD) have been trending somewhat positive this week, Accern reports. The research firm rates the sentiment of press coverage by reviewing more than twenty million blog and news sources in real time. Accern ranks coverage of publicly-traded companies on a scale of negative one to one, with scores nearest to one being the most favorable. Tech Data earned a news sentiment score of 0.20 on Accern’s scale. Accern also gave news coverage about the company an impact score of 46.2284777628215 out of 100, meaning that recent press coverage is somewhat unlikely to have an effect on the company’s share price in the near future.
Tech Data (NASDAQ TECD) opened at $99.10 on Friday. Tech Data has a fifty-two week low of $81.42 and a fifty-two week high of $111.10. The company has a market cap of $3,780.00, a P/E ratio of 18.91, a PEG ratio of 0.43 and a beta of 0.69. The company has a current ratio of 1.35, a quick ratio of 0.89 and a debt-to-equity ratio of 0.66.
Tech Data (NASDAQ:TECD) last announced its earnings results on Monday, November 27th. The company reported $2.00 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $1.90 by $0.10. Tech Data had a net margin of 0.59% and a return on equity of 11.90%. The company had revenue of $9.14 billion for the quarter, compared to analysts’ expectations of $9.10 billion. During the same period last year, the firm earned $1.44 earnings per share. The business’s revenue for the quarter was up 40.8% on a year-over-year basis. research analysts predict that Tech Data will post 9.14 EPS for the current fiscal year.
TECD has been the subject of several research reports. Zacks Investment Research upgraded shares of Tech Data from a “sell” rating to a “hold” rating in a research report on Thursday, October 26th. BidaskClub upgraded shares of Tech Data from a “hold” rating to a “buy” rating in a research report on Tuesday, January 9th. Pivotal Research set a $114.00 price objective on shares of Tech Data and gave the stock a “buy” rating in a research report on Tuesday, November 28th. Citigroup restated a “hold” rating and set a $110.00 price objective on shares of Tech Data in a research report on Tuesday, November 28th. Finally, ValuEngine upgraded shares of Tech Data from a “hold” rating to a “buy” rating in a research report on Wednesday, November 29th. Four investment analysts have rated the stock with a hold rating and seven have issued a buy rating to the company. Tech Data presently has an average rating of “Buy” and an average price target of $112.33.
In related news, COO Richard T. Hume sold 3,100 shares of Tech Data stock in a transaction that occurred on Thursday, November 30th. The shares were sold at an average price of $98.06, for a total value of $303,986.00. The sale was disclosed in a legal filing with the SEC, which is available through the SEC website. Company insiders own 1.60% of the company’s stock.
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Tech Data Company Profile
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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