EPS for SYNNEX Corporation (SNX) Expected At $2.11

March 14, 2018 - By Richard Conner

 EPS for SYNNEX Corporation (SNX) Expected At $2.11
Investors sentiment decreased to 1.08 in 2017 Q3. Its down 0.06, from 1.14 in 2017Q2. It is negative, as 16 investors sold SYNNEX Corporation shares while 77 reduced holdings. 30 funds opened positions while 70 raised stakes. 28.38 million shares or 0.39% more from 28.27 million shares in 2017Q2 were reported.
Los Angeles Capital Mgmt And Equity Rech accumulated 34,543 shares or 0.03% of the stock. 2,649 were accumulated by Wright Ser. Zacks Investment Management invested in 0.01% or 4,872 shares. Bahl & Gaynor Inc invested 0.03% of its portfolio in SYNNEX Corporation (NYSE:SNX). Strs Ohio invested 0.01% of its portfolio in SYNNEX Corporation (NYSE:SNX). First Trust Advsrs L P owns 29,672 shares or 0.01% of their US portfolio. Wells Fargo & Com Mn reported 0% of its portfolio in SYNNEX Corporation (NYSE:SNX). Virginia Retirement Systems Et Al holds 0.11% in SYNNEX Corporation (NYSE:SNX) or 69,800 shares. Sei Invs Communication stated it has 15,191 shares. Brown Brothers Harriman Co reported 525 shares stake. The New York-based Sg Americas Ltd Liability Corporation has invested 0.02% in SYNNEX Corporation (NYSE:SNX). Ww Asset Management reported 0.01% stake. Ubs Asset Management Americas owns 0% invested in SYNNEX Corporation (NYSE:SNX) for 17,796 shares. Federated Invsts Pa has invested 0% in SYNNEX Corporation (NYSE:SNX). Oakbrook Investments Ltd Limited Liability Company, a Illinois-based fund reported 1,650 shares.

Since September 28, 2017, it had 0 insider buys, and 19 selling transactions for $211.76 million activity. POLK DENNIS also sold $246,030 worth of SYNNEX Corporation (NYSE:SNX) on Thursday, March 1. On Monday, October 2 the insider Witt Marshall sold $38,127. Wurster Thomas S. also sold $38,101 worth of SYNNEX Corporation (NYSE:SNX) on Monday, October 2. MIAU MATTHEW sold $104.24M worth of stock. MURAI KEVIN M sold 2,000 shares worth $260,740. 451,000 SYNNEX Corporation (NYSE:SNX) shares with value of $58.77M were sold by SILVER STAR DEVELOPMENTS LTD.

Analysts expect SYNNEX Corporation (NYSE:SNX) to report $2.11 EPS on March, 26.They anticipate $0.29 EPS change or 15.93 % from last quarter’s $1.82 EPS. SNX’s profit would be $84.63 million giving it 14.59 P/E if the $2.11 EPS is correct. After having $2.79 EPS previously, SYNNEX Corporation’s analysts see -24.37 % EPS growth. The stock decreased 0.16% or $0.2 during the last trading session, reaching $123.14. About 97,820 shares traded. SYNNEX Corporation (NYSE:SNX) has risen 29.93% since March 14, 2017 and is uptrending. It has outperformed by 13.23% the S&P500.

SYNNEX Corporation (NYSE:SNX) Ratings Coverage

Among 11 analysts covering SYNNEX (NYSE:SNX), 6 have Buy rating, 2 Sell and 3 Hold. Therefore 55% are positive. SYNNEX had 30 analyst reports since August 20, 2015 according to SRatingsIntel. Needham reinitiated the stock with “Hold” rating in Friday, June 24 report. Raymond James downgraded the stock to “Underperform” rating in Wednesday, March 23 report. The stock of SYNNEX Corporation (NYSE:SNX) has “Buy” rating given on Friday, June 24 by Brean Capital. As per Tuesday, September 29, the company rating was reinitiated by Needham. The rating was downgraded by CLSA on Thursday, October 29 to “Underperform”. Stifel Nicolaus maintained SYNNEX Corporation (NYSE:SNX) rating on Friday, June 9. Stifel Nicolaus has “Buy” rating and $128 target. On Thursday, March 24 the stock rating was downgraded by Cross Research to “Hold”. The rating was maintained by SunTrust on Wednesday, January 10 with “Buy”. The firm has “Hold” rating by Zacks given on Thursday, August 27. The stock has “Sell” rating by Zacks on Thursday, August 20.

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 $4.94 billion. It operates in two divisions, Technology Solutions and Concentrix. It has a 16.41 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.

More news for SYNNEX Corporation (NYSE:SNX) were recently published by: Prnewswire.com, which released: “SYNNEX Corporation President Peter Larocque Honored with Order of the Palmetto …” on December 15, 2017. Seekingalpha.com‘s article titled: “Synnex lower despite Q4 beat, heavy revenue growth” and published on January 09, 2018 is yet another important article.

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