Media coverage about SYNNEX (NYSE:SNX) has been trending somewhat positive recently, Accern Sentiment reports. Accern identifies negative and positive media coverage by analyzing more than twenty million news and blog sources in real-time. Accern ranks coverage of publicly-traded companies on a scale of -1 to 1, with scores closest to one being the most favorable. SYNNEX earned a media sentiment score of 0.14 on Accern’s scale. Accern also gave headlines about the business services provider an impact score of 45.6330801713965 out of 100, indicating that recent media coverage is somewhat unlikely to have an effect on the company’s share price in the near future.
SYNNEX (NYSE SNX) opened at $120.63 on Friday. The firm has a market capitalization of $4,835.33, a P/E ratio of 13.63 and a beta of 0.93. SYNNEX has a 12-month low of $101.48 and a 12-month high of $141.94. The company has a current ratio of 1.42, a quick ratio of 0.89 and a debt-to-equity ratio of 0.50.
SYNNEX (NYSE:SNX) last released its quarterly earnings results on Tuesday, January 9th. The business services provider reported $2.79 EPS for the quarter, beating analysts’ consensus estimates of $2.69 by $0.10. The business had revenue of $5.31 billion during the quarter, compared to analyst estimates of $4.85 billion. SYNNEX had a return on equity of 16.43% and a net margin of 1.77%. SYNNEX’s quarterly revenue was up 36.7% compared to the same quarter last year. During the same period in the prior year, the firm posted $2.57 EPS. research analysts predict that SYNNEX will post 10.42 EPS for the current fiscal year.
The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, January 31st. Shareholders of record on Friday, January 19th were paid a $0.35 dividend. This represents a $1.40 dividend on an annualized basis and a yield of 1.16%. The ex-dividend date was Thursday, January 18th. This is an increase from SYNNEX’s previous quarterly dividend of $0.30. SYNNEX’s dividend payout ratio is 18.67%.
Several brokerages have commented on SNX. ValuEngine downgraded SYNNEX from a “buy” rating to a “hold” rating in a research note on Friday, February 2nd. Pivotal Research upgraded SYNNEX from a “hold” rating to a “buy” rating and set a $150.00 price target on the stock in a report on Wednesday, January 31st. Zacks Investment Research upgraded SYNNEX from a “hold” rating to a “buy” rating and set a $153.00 target price on the stock in a report on Saturday, January 13th. Loop Capital upped their target price on SYNNEX from $1.00 to $160.00 and gave the company a “buy” rating in a report on Wednesday, January 10th. Finally, Needham & Company LLC increased their price target on SYNNEX from $145.00 to $151.00 and gave the stock a “buy” rating in a report on Wednesday, January 10th. One equities research analyst has rated the stock with a sell rating, two have assigned a hold rating, six have issued a buy rating and one has issued a strong buy rating to the company’s stock. SYNNEX presently has a consensus rating of “Buy” and an average price target of $145.38.
In other SYNNEX news, CFO Marshall Witt sold 300 shares of the company’s stock in a transaction on Thursday, February 1st. The stock was sold at an average price of $122.00, for a total value of $36,600.00. Following the completion of the transaction, the chief financial officer now owns 10,531 shares in the company, valued at approximately $1,284,782. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CEO Kevin M. Murai sold 2,000 shares of the company’s stock in a transaction on Tuesday, December 12th. The shares were sold at an average price of $132.74, for a total value of $265,480.00. Following the completion of the transaction, the chief executive officer now owns 144,125 shares of the company’s stock, valued at approximately $19,131,152.50. The disclosure for this sale can be found here. Insiders sold a total of 1,268,900 shares of company stock valued at $165,389,136 in the last 90 days. Corporate insiders own 3.20% of the company’s stock.
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SYNNEX Company Profile
Synnex Corporation is a business process services company. The Company provides a range of distribution, logistics and integration services for the technology industry and providing outsourced services focused on customer engagement strategy. The Company operates in two segments: Technology Solutions and Concentrix.
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