Analysts See $2.11 EPS for SYNNEX Corporation (SNX)

March 16, 2018 - By Dolores Ford

 Analysts See $2.11 EPS for SYNNEX Corporation (SNX)
Investors sentiment decreased to 1.08 in 2017 Q3. Its down 0.06, from 1.14 in 2017Q2. It dived, 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.
Paradigm Mngmt New York has invested 0.59% in SYNNEX Corporation (NYSE:SNX). Moreover, Lsv Asset has 0.01% invested in SYNNEX Corporation (NYSE:SNX). Exchange Mngmt invested in 41,679 shares or 1.74% of the stock. Strs Ohio owns 13,200 shares. Savings Bank Of Nova Scotia stated it has 6,466 shares. Advantus Inc holds 0.01% of its portfolio in SYNNEX Corporation (NYSE:SNX) for 3,732 shares. Deutsche Bancorp Ag holds 0.01% or 115,858 shares. Amalgamated National Bank & Trust accumulated 3,928 shares. Goldman Sachs holds 1.23 million shares or 0.04% of its portfolio. Ny State Teachers Retirement Systems owns 0.02% invested in SYNNEX Corporation (NYSE:SNX) for 61,222 shares. Acadian Asset Mngmt Limited Liability Company reported 0.01% of its portfolio in SYNNEX Corporation (NYSE:SNX). Wells Fargo Company Mn reported 0% stake. 3,898 are held by Dreman Value Management L L C. Arizona State Retirement Sys has 16,543 shares for 0.03% of their portfolio. Tudor Inv Et Al, a Connecticut-based fund reported 10,708 shares.

Since September 28, 2017, it had 0 insider buys, and 19 insider sales for $211.76 million activity. Another trade for 300 shares valued at $38,101 was sold by Wurster Thomas S.. Witt Marshall had sold 300 shares worth $37,146. Shares for $45.47 million were sold by PEER DEVELOPMENTS LTD on Wednesday, January 17. $260,740 worth of SYNNEX Corporation (NYSE:SNX) was sold by MURAI KEVIN M on Tuesday, October 10. $263,996 worth of SYNNEX Corporation (NYSE:SNX) was sold by MIAU MATTHEW on Monday, January 22. LEUNG SIMON sold 1,000 shares worth $122,993.

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 $84.62M giving it 14.80 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 increased 1.04% or $1.29 during the last trading session, reaching $124.93. About 75,509 shares traded. SYNNEX Corporation (NYSE:SNX) has risen 29.93% since March 16, 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. As per Wednesday, June 8, the company rating was downgraded by Raymond James. The firm has “Buy” rating given on Wednesday, June 28 by Stifel Nicolaus. The firm earned “Buy” rating on Tuesday, March 29 by Citigroup. The stock of SYNNEX Corporation (NYSE:SNX) has “Neutral” rating given on Monday, May 2 by Citigroup. Citigroup maintained SYNNEX Corporation (NYSE:SNX) on Wednesday, January 10 with “Hold” rating. The company was upgraded on Wednesday, May 18 by Raymond James. Needham reinitiated it with “Buy” rating and $135 target in Monday, September 18 report. The firm earned “Sell” rating on Thursday, August 20 by Zacks. The stock of SYNNEX Corporation (NYSE:SNX) has “Hold” rating given on Friday, June 24 by Needham. The firm has “Strong Buy” rating by Raymond James given on Friday, May 19.

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 $5.01 billion. It operates in two divisions, Technology Solutions and Concentrix. It has a 16.65 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.

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