SYNNEX Corporation (SNX) Analysts See $2.68 EPS

December 13, 2017 - By Winifred Garcia

 SYNNEX Corporation (SNX) Analysts See $2.68 EPS
Investors sentiment decreased to 1.14 in 2017 Q2. Its down 0.44, from 1.58 in 2017Q1. It dropped, as 28 investors sold SYNNEX Corporation shares while 71 reduced holdings. 33 funds opened positions while 80 raised stakes. 28.27 million shares or 0.33% less from 28.37 million shares in 2017Q1 were reported.
64,295 were accumulated by Manufacturers Life Ins The. Walleye Trading Limited invested in 4,378 shares. New York-based Millennium Mngmt Lc has invested 0.01% in SYNNEX Corporation (NYSE:SNX). Rhumbline Advisers owns 66,302 shares. First Manhattan Co accumulated 0% or 2,200 shares. 5,974 were reported by Thomson Horstmann And Bryant Inc. California Public Employees Retirement System invested in 55,000 shares. Shell Asset has invested 0.05% of its portfolio in SYNNEX Corporation (NYSE:SNX). Strs Ohio owns 13,000 shares or 0.01% of their US portfolio. Symphony Asset Mgmt Limited Co has invested 0.17% in SYNNEX Corporation (NYSE:SNX). Blackrock invested in 3.11M shares or 0.02% of the stock. United Cap Fincl Advisers Ltd Liability Corp invested 0.01% of its portfolio in SYNNEX Corporation (NYSE:SNX). Exchange Cap Mngmt Inc owns 42,866 shares. Hillsdale Invest Mgmt holds 0.2% in SYNNEX Corporation (NYSE:SNX) or 8,400 shares. Fmr Ltd Liability Com invested in 0.08% or 5.59 million shares.

Since August 1, 2017, it had 0 insider buys, and 11 insider sales for $1.71 million activity. $38,101 worth of SYNNEX Corporation (NYSE:SNX) was sold by Wurster Thomas S.. LEUNG SIMON also sold $19,102 worth of SYNNEX Corporation (NYSE:SNX) on Tuesday, August 1. On Friday, September 1 the insider POLK DENNIS sold $172,597. BREIDENBACH FRED A also sold $168,982 worth of SYNNEX Corporation (NYSE:SNX) shares. Another trade for 300 shares valued at $38,127 was made by Witt Marshall on Monday, October 2.

Analysts expect SYNNEX Corporation (NYSE:SNX) to report $2.68 EPS on January, 9.They anticipate $0.11 EPS change or 4.28 % from last quarter’s $2.57 EPS. SNX’s profit would be $107.11 million giving it 12.37 P/E if the $2.68 EPS is correct. After having $2.16 EPS previously, SYNNEX Corporation’s analysts see 24.07 % EPS growth. The stock decreased 0.01% or $0.01 during the last trading session, reaching $132.59. About 211,257 shares traded or 3.15% up from the average. SYNNEX Corporation (NYSE:SNX) has risen 29.93% since December 13, 2016 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 25 analyst reports since August 20, 2015 according to SRatingsIntel. Citigroup maintained the shares of SNX in report on Tuesday, September 26 with “Neutral” rating. The stock of SYNNEX Corporation (NYSE:SNX) earned “Outperform” rating by Raymond James on Wednesday, May 18. The rating was maintained by Brean Capital on Friday, September 25 with “Buy”. Brean Capital maintained SYNNEX Corporation (NYSE:SNX) on Friday, June 24 with “Buy” rating. Stifel Nicolaus maintained SYNNEX Corporation (NYSE:SNX) on Sunday, September 10 with “Buy” rating. The stock of SYNNEX Corporation (NYSE:SNX) has “Strong Buy” rating given on Friday, May 19 by Raymond James. The stock has “Underperform” rating by CLSA on Thursday, October 29. The rating was upgraded by Zacks on Thursday, August 20 to “Sell”. The firm earned “Underperform” rating on Thursday, October 29 by Credit Agricole. Stifel Nicolaus maintained it with “Hold” rating and $104 target in Tuesday, September 27 report.

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 $5.30 billion. It operates in two divisions, Technology Solutions and Concentrix. It has a 17.99 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 notable recent SYNNEX Corporation (NYSE:SNX) news were published by: Prnewswire.com which released: “SYNNEX Corporation Receives Microsoft Azure Government Cloud Authorization” on November 15, 2017, also Prnewswire.com with their article: “SYNNEX Teams with Verizon Wireless to Offer Cloud-Based Unified Phone System” published on November 16, 2017, Nasdaq.com published: “Should Value Investors Pick SYNNEX Corporation (SNX) Stock?” on November 13, 2017. More interesting news about SYNNEX Corporation (NYSE:SNX) were released by: Businesswire.com and their article: “Materialise and SYNNEX Deliver All-in-One 3D Printing Package for Large Scale …” published on November 16, 2017 as well as Prnewswire.com‘s news article titled: “SYNNEX Secure Networking Announces Key Cloud Enablement Collaborations” with publication date: December 06, 2017.

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