EPS for SYNNEX Corporation (SNX) Expected At $2.30

June 19, 2018 - By Duane Lopez

SYNNEX Corporation (NYSE:SNX) LogoInvestors sentiment increased to 1.22 in 2018 Q1. Its up 0.22, from 1 in 2017Q4. It is positive, 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.
Ameriprise, a Minnesota-based fund reported 212,564 shares. Janney Montgomery Scott Ltd Liability Corp invested in 2,976 shares. 302,882 were reported by Geode Capital Management Limited Liability. Los Angeles Capital Management And Equity Research invested in 30,726 shares. Raymond James Ser owns 8,474 shares. Rhumbline Advisers stated it has 0.01% in SYNNEX Corporation (NYSE:SNX). Gotham Asset Mgmt Ltd Llc has 18,816 shares. Profund Advsr Lc invested in 0.02% or 4,394 shares. First Citizens Commercial Bank reported 2,452 shares stake. Stevens Mngmt L P reported 15,818 shares stake. Bowling Port Mgmt Ltd Limited Liability Company holds 0.09% of its portfolio in SYNNEX Corporation (NYSE:SNX) for 5,337 shares. Amundi Pioneer Asset Management Incorporated, a Massachusetts-based fund reported 25,392 shares. Sg Americas Ltd Liability holds 0.02% in SYNNEX Corporation (NYSE:SNX) or 18,991 shares. Blackrock Inc has 3.67M shares. Brandywine Glob Investment Ltd Limited Liability Company reported 0.1% stake.

Since January 12, 2018, it had 0 insider purchases, and 34 sales for $213.48 million activity. SILVER STAR DEVELOPMENTS LTD sold $58.77 million worth of stock or 451,000 shares. MIAU MATTHEW sold $101,839 worth of stock or 1,000 shares. On Monday, April 2 the insider Witt Marshall sold $30,096. On Wednesday, January 17 the insider PEER DEVELOPMENTS LTD sold $45.47M. $214,730 worth of SYNNEX Corporation (NYSE:SNX) shares were sold by POLK DENNIS. The insider Zulberti Andrea M sold $206,865.

Analysts expect SYNNEX Corporation (NYSE:SNX) to report $2.30 EPS on June, 28.They anticipate $0.22 EPS change or 10.58 % from last quarter’s $2.08 EPS. SNX’s profit would be $92.25 million giving it 12.06 P/E if the $2.30 EPS is correct. After having $2.14 EPS previously, SYNNEX Corporation’s analysts see 7.48 % EPS growth. The stock decreased 3.24% or $3.71 during the last trading session, reaching $110.97. About 26,863 shares traded. SYNNEX Corporation (NYSE:SNX) has declined 4.32% since June 19, 2017 and is downtrending. It has underperformed by 16.89% the S&P500.

SYNNEX Corporation (NYSE:SNX) Ratings Coverage

Among 5 analysts covering SYNNEX Corp (NYSE:SNX), 3 have Buy rating, 0 Sell and 2 Hold. Therefore 60% are positive. SYNNEX Corp had 9 analyst reports since January 10, 2018 according to SRatingsIntel. The rating was maintained by SunTrust on Monday, April 2 with “Buy”. The rating was maintained by Stifel Nicolaus with “Buy” on Monday, April 2. 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 Tuesday, January 9. Pivotal Research initiated it with “Hold” rating and $150.0 target in Tuesday, January 30 report. The company was maintained on Wednesday, January 10 by Citigroup. Needham maintained SYNNEX Corporation (NYSE:SNX) on Monday, April 2 with “Buy” rating. The stock of SYNNEX Corporation (NYSE:SNX) earned “Buy” rating by SunTrust on Wednesday, January 10.

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 $4.45 billion. It operates in two divisions, Technology Solutions and Concentrix. It has a 16.91 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 Prnewswire.com which published an article titled: “SYNNEX Corporation Advances to #169 on the Fortune 500 List of Largest Companies” on May 25, 2018.

SYNNEX Corporation (NYSE:SNX) Institutional Positions Chart

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