$2.46 EPS Expected for SYNNEX Corporation (SNX)

September 16, 2018 - By Robert Shackelford

SYNNEX Corporation (NYSE:SNX) LogoInvestors sentiment increased to 1.34 in 2018 Q2. Its up 0.12, from 1.22 in 2018Q1. It improved, as 34 investors sold SYNNEX Corporation shares while 57 reduced holdings. 42 funds opened positions while 80 raised stakes. 28.06 million shares or 2.33% less from 28.73 million shares in 2018Q1 were reported.
Federated Invsts Inc Pa owns 0% invested in SYNNEX Corporation (NYSE:SNX) for 12,311 shares. Secor Capital Advsrs L P holds 0.23% or 27,790 shares. Millennium Management Ltd Liability Com invested 0% of its portfolio in SYNNEX Corporation (NYSE:SNX). Manufacturers Life Insurance The holds 68,149 shares. Amalgamated Bankshares invested in 4,435 shares. Silvercrest Asset Mngmt Gp Ltd Llc accumulated 490,909 shares. Principal Financial Group Inc Inc accumulated 0.04% or 485,707 shares. 815,045 are owned by Boston Prns. Riverhead Cap Management Ltd Co accumulated 2,952 shares. Bessemer Grp Inc accumulated 5,900 shares or 0% of the stock. Financial Architects accumulated 9 shares. Harvest Ltd Company owns 3,000 shares. Parkside Commercial Bank & Trust holds 245 shares. Grantham Mayo Van Otterloo Ltd invested in 0.01% or 7,800 shares. Regentatlantic Capital Lc accumulated 2,085 shares or 0.02% of the stock.

Since April 2, 2018, it had 0 insider purchases, and 26 selling transactions for $3.21 million activity. POLK DENNIS also sold $191,776 worth of SYNNEX Corporation (NYSE:SNX) shares. Witt Marshall sold 600 shares worth $57,864. Another trade for 1,000 shares valued at $107,917 was sold by LEUNG SIMON. Shares for $314,250 were sold by STEFFENSEN DWIGHT on Wednesday, April 18. Wurster Thomas S. had sold 600 shares worth $66,005.

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 $97.48 million giving it 9.75 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 1.00% or $0.95 during the last trading session, reaching $95.95. About 413,034 shares traded or 35.10% up from the average. SYNNEX Corporation (NYSE:SNX) has declined 17.27% since September 16, 2017 and is downtrending. It has underperformed by 32.89% 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 has $14000 highest and $130 lowest target. $132.50’s average target is 38.09% above currents $95.95 stock price. SYNNEX Corp had 6 analyst reports since March 29, 2018 according to SRatingsIntel. The stock has “Buy” rating by Stifel Nicolaus on Friday, June 29. The stock has “Buy” rating by Stifel Nicolaus on Thursday, March 29. Pivotal Research maintained SYNNEX Corporation (NYSE:SNX) on Wednesday, June 27 with “Buy” rating. The firm has “Buy” rating by Needham given on Monday, April 2. The company was maintained on Monday, April 2 by Stifel Nicolaus. On Monday, April 2 the stock rating was maintained by SunTrust with “Buy”.

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 $3.80 billion. It operates in two divisions, Technology Solutions and Concentrix. It has a 13.57 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 Seekingalpha.com which published an article titled: “Synnex Continues Aggressive Expansion” on September 13, 2018.

SYNNEX Corporation (NYSE:SNX) Institutional Positions Chart

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