SYNNEX Corporation (SNX) Analysts See $2.11 EPS

February 24, 2018 - By Nellie Frank

 SYNNEX Corporation (SNX) Analysts See $2.11 EPS
Investors sentiment decreased to 1.08 in Q3 2017. 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.
Sei Invests Company holds 0.01% or 15,191 shares in its portfolio. Dimensional Fund Advisors L P, Texas-based fund reported 2.03 million shares. Dreman Value Management L L C reported 0.27% of its portfolio in SYNNEX Corporation (NYSE:SNX). Bankshares Of Nova Scotia invested in 0% or 6,466 shares. Jpmorgan Chase And Co reported 90,128 shares stake. Jane Street Grp Limited Liability reported 3,827 shares. Acadian Asset Limited Liability Corporation has invested 0.01% in SYNNEX Corporation (NYSE:SNX). 10,708 were reported by Tudor Invest Corporation Et Al. Bessemer Gp reported 0.01% of its portfolio in SYNNEX Corporation (NYSE:SNX). Northern Trust Corp reported 875,786 shares stake. Pub Employees Retirement Sys Of Ohio holds 7,030 shares or 0% of its portfolio. Ls Inv Advsr Ltd Company holds 0.02% in SYNNEX Corporation (NYSE:SNX) or 2,203 shares. Retail Bank Of Mellon invested in 376,852 shares or 0.01% of the stock. Moreover, Bb&T Corporation has 0.04% invested in SYNNEX Corporation (NYSE:SNX) for 16,382 shares. Swiss Natl Bank reported 0.01% in SYNNEX Corporation (NYSE:SNX).

Since September 1, 2017, it had 0 buys, and 18 insider sales for $212.00 million activity. Shares for $38,127 were sold by Witt Marshall on Monday, October 2. $190,365 worth of SYNNEX Corporation (NYSE:SNX) was sold by POLK DENNIS. MURAI KEVIN M had sold 2,000 shares worth $265,489. Shares for $58.77 million were sold by SILVER STAR DEVELOPMENTS LTD. $45.47 million worth of SYNNEX Corporation (NYSE:SNX) shares were sold by PEER DEVELOPMENTS LTD. Zulberti Andrea M had sold 1,500 shares worth $206,865 on Friday, January 12.

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 $84.57M giving it 14.85 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 1.21% or $1.5 during the last trading session, reaching $125.3. About 150,047 shares traded. SYNNEX Corporation (NYSE:SNX) has risen 29.93% since February 24, 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. The rating was upgraded by Zacks on Thursday, August 20 to “Sell”. The company was downgraded on Thursday, March 24 by Cross Research. The firm earned “Buy” rating on Friday, September 25 by Brean Capital. The rating was maintained by Stifel Nicolaus on Friday, June 9 with “Buy”. The company was maintained on Wednesday, January 10 by Citigroup. The firm earned “Buy” rating on Wednesday, January 10 by SunTrust. CLSA downgraded the stock to “Underperform” rating in Thursday, October 29 report. Needham reinitiated the shares of SNX in report on Monday, September 18 with “Buy” rating. Pivotal Research initiated the stock with “Hold” rating in Tuesday, January 30 report. The stock of SYNNEX Corporation (NYSE:SNX) earned “Buy” rating by Stifel Nicolaus on Tuesday, January 9.

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 $5.02 billion. It operates in two divisions, Technology Solutions and Concentrix. It has a 16.7 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 recent SYNNEX Corporation (NYSE:SNX) news were published by: which released: “SYNNEX Corporation Announces Five Executives Named to CRN Channel Chiefs” on February 12, 2018. Also published the news titled: “SYNNEX Corporation Expands in DeSoto County, Mississippi” on February 21, 2018.‘s news article titled: “Synnex: Undervalued After Post-Earnings Decline” with publication date: January 31, 2018 was also an interesting one.

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