SYNNEX Corporation (SNX) EPS Estimated At $2.11

March 21, 2018 - By Winifred Garcia

 SYNNEX Corporation (SNX) EPS Estimated At $2.11
Investors sentiment decreased to 1.08 in Q3 2017. 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.
Regentatlantic Ltd Limited Liability Company stated it has 2,085 shares or 0.02% of all its holdings. Natixis, a France-based fund reported 5,579 shares. Private Tru Na accumulated 3,954 shares or 0.11% of the stock. Connecticut-based Ellington Mgmt Group Incorporated Ltd Company has invested 0.11% in SYNNEX Corporation (NYSE:SNX). Exchange Cap Mgmt has 1.74% invested in SYNNEX Corporation (NYSE:SNX) for 41,679 shares. Brown Brothers Harriman Communication, a New York-based fund reported 525 shares. Oppenheimer Asset Management holds 0% or 37 shares. 3,732 were reported by Susquehanna Grp Limited Liability Partnership. 11,000 were accumulated by State Treasurer State Of Michigan. New York-based Mutual Of America Capital Ltd Llc has invested 0.14% in SYNNEX Corporation (NYSE:SNX). Strs Ohio has invested 0.01% in SYNNEX Corporation (NYSE:SNX). Moreover, Dimensional Fund L P has 0.11% invested in SYNNEX Corporation (NYSE:SNX). Petrus Tru Lta stated it has 0.05% in SYNNEX Corporation (NYSE:SNX). Nordea Inv Management invested in 17,421 shares. 55,988 were accumulated by Balyasny Asset Ltd Liability.

Since September 28, 2017, it had 0 insider purchases, and 19 selling transactions for $211.76 million activity. PEER DEVELOPMENTS LTD also sold $45.47 million worth of SYNNEX Corporation (NYSE:SNX) on Wednesday, January 17. 451,000 shares valued at $58.77 million were sold by SILVER STAR DEVELOPMENTS LTD on Wednesday, January 17. Another trade for 2,000 shares valued at $265,489 was made by MURAI KEVIN M on Tuesday, December 12. 1,500 shares were sold by Zulberti Andrea M, worth $206,865 on Friday, January 12. $246,030 worth of SYNNEX Corporation (NYSE:SNX) was sold by POLK DENNIS. Witt Marshall sold $38,127 worth of SYNNEX Corporation (NYSE:SNX) on Monday, October 2.

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 14.41 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 0.40% or $0.49 during the last trading session, reaching $121.66. About 133,475 shares traded. SYNNEX Corporation (NYSE:SNX) has risen 29.93% since March 21, 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 stock has “Neutral” rating by Citigroup on Monday, May 2. Raymond James downgraded SYNNEX Corporation (NYSE:SNX) on Wednesday, March 23 to “Underperform” rating. On Thursday, August 20 the stock rating was upgraded by Zacks to “Sell”. The stock of SYNNEX Corporation (NYSE:SNX) earned “Hold” rating by Citigroup on Wednesday, January 10. The stock of SYNNEX Corporation (NYSE:SNX) earned “Underperform” rating by CLSA on Thursday, October 29. Pivotal Research initiated the stock with “Hold” rating in Tuesday, January 30 report. The stock has “Hold” rating by Cross Research on Thursday, March 24. The stock has “Buy” rating by Stifel Nicolaus on Sunday, September 10. Credit Agricole downgraded the shares of SNX in report on Thursday, October 29 to “Underperform” rating. Citigroup maintained the shares of SNX in report on Tuesday, September 26 with “Neutral” rating.

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 $4.88 billion. It operates in two divisions, Technology Solutions and Concentrix. It has a 16.21 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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