Zacks Research Boosts Earnings Estimates for TD SYNNEX

TD SYNNEX Corporation (NYSE:SNX) – Analysts at Zacks Research upped their FY2026 earnings per share estimates for TD SYNNEX in a report released on Monday, October 12th. Zacks Research analyst Team now anticipates that the business services provider will post earnings of $20.25 per share for the year, up from their prior estimate of $17.96. Zacks Research has a “Strong-Buy” rating on the stock. The consensus estimate for TD SYNNEX’s current full-year earnings is $19.89 per share. Zacks Research also issued estimates for TD SYNNEX’s Q4 2026 earnings at $5.53 EPS, Q1 2027 earnings at $5.14 EPS, Q2 2027 earnings at $5.43 EPS, Q3 2027 earnings at $6.13 EPS, Q4 2027 earnings at $6.33 EPS, FY2027 earnings at $23.03 EPS, Q1 2028 earnings at $6.36 EPS, Q2 2028 earnings at $6.46 EPS, Q3 2028 earnings at $6.69 EPS and FY2028 earnings at $26.30 EPS.

TD SYNNEX (NYSE:SNX) last issued its earnings results on Thursday, September 24th. The business services provider reported $5.68 earnings per share (EPS) for the quarter, beating the consensus estimate of $4.70 by $0.98. TD SYNNEX had a return on equity of 16.78% and a net margin of 1.75%. The company had revenue of $21.56 billion during the quarter, compared to analysts’ expectations of $18.91 billion. During the same period in the prior year, the business earned $3.58 EPS. The firm’s quarterly revenue was up 37.7% on a year-over-year basis. TD SYNNEX has set its Q4 2026 guidance at 5.650-6.150 EPS.

SNX has been the subject of several other reports. Barclays raised their price objective on shares of TD SYNNEX from $278.00 to $287.00 and gave the stock an “equal weight” rating in a research report on Tuesday, September 8th. Royal Bank Of Canada set a $340.00 target price on shares of TD SYNNEX in a report on Friday, June 26th. Morgan Stanley increased their price target on shares of TD SYNNEX from $334.00 to $359.00 and gave the company an “overweight” rating in a research note on Friday, September 25th. Barrington Research raised their price target on shares of TD SYNNEX from $202.00 to $325.00 and gave the stock an “outperform” rating in a report on Friday, June 26th. Finally, Weiss Ratings upgraded shares of TD SYNNEX from a “buy (b)” rating to a “buy (b+)” rating in a report on Thursday, October 8th. One research analyst has rated the stock with a Strong Buy rating, seven have assigned a Buy rating and one has issued a Hold rating to the company’s stock. According to MarketBeat.com, the company currently has an average rating of “Buy” and an average price target of $331.14.

TD SYNNEX Stock Down 4.2%

NYSE SNX opened at $264.42 on Thursday. The business’s fifty day simple moving average is $262.27 and its 200-day simple moving average is $248.35. The company has a quick ratio of 0.64, a current ratio of 1.19 and a debt-to-equity ratio of 0.39. The firm has a market cap of $21.10 billion, a PE ratio of 16.11, a P/E/G ratio of 0.56 and a beta of 1.37. TD SYNNEX has a 52 week low of $142.22 and a 52 week high of $298.77.

TD SYNNEX Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Friday, October 30th. Stockholders of record on Friday, October 16th will be issued a $0.48 dividend. This represents a $1.92 dividend on an annualized basis and a dividend yield of 0.7%. The ex-dividend date is Friday, October 16th. TD SYNNEX’s dividend payout ratio (DPR) is presently 11.70%.

Insider Transactions at TD SYNNEX

In other news, Director Richard T. Hume sold 5,000 shares of TD SYNNEX stock in a transaction dated Wednesday, August 5th. The stock was sold at an average price of $262.21, for a total transaction of $1,311,050.00. Following the sale, the director owned 13,537 shares in the company, valued at approximately $3,549,536.77. The trade was a 26.97% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, Director Ann F. Vezina sold 1,273 shares of the company’s stock in a transaction on Friday, July 31st. The shares were sold at an average price of $256.05, for a total transaction of $325,951.65. Following the completion of the sale, the director owned 5,828 shares of the company’s stock, valued at approximately $1,492,259.40. This trade represents a 17.93% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. 0.70% of the stock is owned by insiders.

Hedge Funds Weigh In On TD SYNNEX

Institutional investors and hedge funds have recently made changes to their positions in the stock. BlackRock Inc. purchased a new stake in TD SYNNEX during the second quarter worth about $1,958,683,000. Metropolis Capital Ltd raised its stake in shares of TD SYNNEX by 9.5% during the 1st quarter. Metropolis Capital Ltd now owns 1,281,307 shares of the business services provider’s stock worth $216,169,000 after buying an additional 111,222 shares during the last quarter. Bank of New York Mellon Corp acquired a new position in TD SYNNEX during the second quarter worth about $149,728,000. Principal Financial Group Inc. raised its position in TD SYNNEX by 8.1% during the first quarter. Principal Financial Group Inc. now owns 684,004 shares of the business services provider’s stock worth $115,406,000 after acquiring an additional 51,303 shares during the last quarter. Finally, Bank of America Corp DE purchased a new stake in shares of TD SYNNEX in the second quarter valued at about $113,155,000. 84.00% of the stock is owned by institutional investors and hedge funds.

TD SYNNEX News Roundup

Here are the key news stories impacting TD SYNNEX this week:

• Positive Sentiment: Zacks Research significantly raised its earnings outlook. The firm increased its Q4 2026 EPS estimate to $5.53 from $4.37 and lifted its FY2026 forecast to $20.25 from $17.96. It also raised FY2027 EPS to $23.03 from $20.53, suggesting stronger expected earnings momentum. Zacks maintained a “Strong-Buy” rating. TD SYNNEX stock coverage
• Positive Sentiment: Longer-term projections also improved. Zacks raised estimates for Q1 2027, Q2 2027, Q3 2027, Q4 2027, Q1 2028, Q2 2028 and FY2028. The FY2028 forecast increased to $26.30 EPS from $26.10, indicating expectations for continued profit growth beyond the current fiscal year. Zacks Research estimates for TD SYNNEX
• Positive Sentiment: Goldman Sachs reaffirmed its Buy rating and assigned a $340 price target. The analyst cited TD SYNNEX’s durable global IT-distribution position and potential growth from artificial-intelligence demand. The target implies meaningful upside relative to the stock’s current trading level. TD SYNNEX Buy rating reaffirmed
• Neutral Sentiment: Analyst sentiment is not unanimous across comparisons involving TD SYNNEX and other technology companies, suggesting investors may continue to weigh valuation and execution risks despite the positive Zacks and Goldman Sachs views. Analysts have conflicting sentiments on TD SYNNEX
• Negative Sentiment: One minor revision lowered the Q3 2028 EPS estimate to $6.69 from $6.70. The change is negligible and does not offset the broader upward revisions, but it indicates that estimates are not uniformly higher across every period. TD SYNNEX analyst estimates

TD SYNNEX Company Profile

TD SYNNEX Corporation is a global technology distributor and solutions aggregator that connects technology vendors with resellers, systems integrators, managed service providers and other channel partners. The company helps bring hardware, software and cloud-based solutions to market while supporting partners with sales, marketing, logistics, financing and technical services.

Its portfolio includes data center and networking equipment, personal computing and endpoint devices, software, cybersecurity products, cloud services, unified communications, mobility solutions and emerging technologies.