EPS for SYNNEX Corporation (SNX) Expected At $2.46

September 8, 2018 - By Lisa Delgado

SYNNEX Corporation (NYSE:SNX) LogoInvestors sentiment increased to 1.22 in Q1 2018. Its up 0.22, from 1 in 2017Q4. It improved, as 20 investors sold SYNNEX Corporation shares while 73 reduced holdings. 38 funds opened positions while 75 raised stakes. 28.73 million shares or 1.20% more from 28.39 million shares in 2017Q4 were reported.
Shell Asset Mgmt Company has invested 0.02% of its portfolio in SYNNEX Corporation (NYSE:SNX). Texas-based Hbk Invs Lp has invested 0.03% in SYNNEX Corporation (NYSE:SNX). New Mexico Educational Retirement Board has 0.04% invested in SYNNEX Corporation (NYSE:SNX). Hl Financial Serv Limited Liability Company holds 24,493 shares. Intl Gp has 76,508 shares for 0.03% of their portfolio. Bank & Trust Of New York Mellon Corp has invested 0.01% of its portfolio in SYNNEX Corporation (NYSE:SNX). Signaturefd Limited Liability has invested 0% of its portfolio in SYNNEX Corporation (NYSE:SNX). Eulav Asset reported 56,800 shares stake. Sg Americas Securities reported 0.02% stake. 52 were reported by Envestnet Asset Mngmt Incorporated. Moreover, Numerixs Invest Tech has 0.05% invested in SYNNEX Corporation (NYSE:SNX). Goldman Sachs Gru Incorporated owns 0.03% invested in SYNNEX Corporation (NYSE:SNX) for 1.09M shares. Zurcher Kantonalbank (Zurich Cantonalbank) accumulated 1,663 shares or 0% of the stock. Mufg Americas Holding invested 0% in SYNNEX Corporation (NYSE:SNX). Trexquant Inv L P reported 8,646 shares or 0.07% of all its holdings.

Since April 2, 2018, it had 0 buys, and 24 insider sales for $2.96 million activity. Another trade for 3,000 shares valued at $314,250 was sold by STEFFENSEN DWIGHT. POLK DENNIS had sold 2,000 shares worth $200,186. Another trade for 1,000 shares valued at $100,259 was made by LEUNG SIMON on Tuesday, May 1. Witt Marshall had sold 300 shares worth $32,298. $66,005 worth of stock was sold by Wurster Thomas S. on Friday, May 11.

Analysts expect SYNNEX Corporation (NYSE:SNX) to report $2.46 EPS on September, 24.They anticipate $0.30 EPS change or 13.89 % from last quarter’s $2.16 EPS. SNX’s profit would be $97.49 million giving it 9.69 P/E if the $2.46 EPS is correct. After having $2.38 EPS previously, SYNNEX Corporation’s analysts see 3.36 % EPS growth. The stock increased 0.54% or $0.51 during the last trading session, reaching $95.38. About 253,306 shares traded. SYNNEX Corporation (NYSE:SNX) has declined 4.32% since September 8, 2017 and is downtrending. It has underperformed by 16.89% the S&P500.

SYNNEX Corporation (NYSE:SNX) Ratings Coverage

Among 4 analysts covering SYNNEX Corp (NYSE:SNX), 4 have Buy rating, 0 Sell and 0 Hold. Therefore 100% are positive. SYNNEX Corp had 6 analyst reports since March 29, 2018 according to SRatingsIntel. On Monday, April 2 the stock rating was maintained by SunTrust with “Buy”. The rating was maintained by Stifel Nicolaus on Thursday, March 29 with “Buy”. The stock of SYNNEX Corporation (NYSE:SNX) earned “Buy” rating by Stifel Nicolaus on Friday, June 29. Needham maintained the shares of SNX in report on Monday, April 2 with “Buy” rating. The stock of SYNNEX Corporation (NYSE:SNX) has “Buy” rating given on Wednesday, June 27 by Pivotal Research. Stifel Nicolaus maintained it with “Buy” rating and $140 target in Monday, April 2 report.

SYNNEX Corporation provides business process services to resellers, system integrators, retailers, and original equipment manufacturers in North and South America, the Asia-Pacific, Europe, and internationally. The company has market cap of $3.78 billion. It operates in two divisions, Technology Solutions and Concentrix. It has a 13.49 P/E ratio. The Technology Solutions segment distributes peripherals; information technology systems, including data center server and storage solutions; system components; software; networking/communications/security equipment; consumer electronics; and complementary products.

Another recent and important SYNNEX Corporation (NYSE:SNX) news was published by Bizjournals.com which published an article titled: “Here’s how much Convergys’ CEO, other execs will be paid when the company is sold” on September 05, 2018.

SYNNEX Corporation (NYSE:SNX) Institutional Positions Chart

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