Tech Data Corporation (TECD) EPS Estimated At $3.53

February 24, 2018 - By Maria Brooks

 Tech Data Corporation (TECD) EPS Estimated At $3.53
Investors sentiment decreased to 1.17 in Q3 2017. Its down 0.37, from 1.54 in 2017Q2. It worsened, as 27 investors sold Tech Data Corporation shares while 82 reduced holdings. 47 funds opened positions while 80 raised stakes. 36.31 million shares or 2.77% less from 37.35 million shares in 2017Q2 were reported.
Clearbridge Invs stated it has 0% of its portfolio in Tech Data Corporation (NASDAQ:TECD). Asset Mgmt holds 0.01% or 2,981 shares in its portfolio. The Oregon-based Oregon Pub Employees Retirement Fund has invested 0.02% in Tech Data Corporation (NASDAQ:TECD). Ing Groep Nv has 4,249 shares for 0.01% of their portfolio. Schwab Charles Management holds 0.04% of its portfolio in Tech Data Corporation (NASDAQ:TECD) for 477,308 shares. Jane Street Group Inc, a New York-based fund reported 15,517 shares. Moreover, Mason Street Advisors Ltd has 0.04% invested in Tech Data Corporation (NASDAQ:TECD) for 17,222 shares. Bailard Incorporated invested 0.06% in Tech Data Corporation (NASDAQ:TECD). Thrivent Financial For Lutherans accumulated 0% or 7,360 shares. Cwm Limited Co has invested 0% in Tech Data Corporation (NASDAQ:TECD). 5,062 are owned by Commonwealth Of Pennsylvania Public School Empls Retrmt. American Century owns 210,241 shares. Schroder Investment Mngmt Grp has 2,400 shares for 0% of their portfolio. Oakbrook Investments Ltd Liability accumulated 2,425 shares or 0.01% of the stock. California State Teachers Retirement Sys has invested 0.01% in Tech Data Corporation (NASDAQ:TECD).

Analysts expect Tech Data Corporation (NASDAQ:TECD) to report $3.53 EPS on March, 14.They anticipate $1.08 EPS change or 44.08 % from last quarter’s $2.45 EPS. TECD’s profit would be $134.68M giving it 7.26 P/E if the $3.53 EPS is correct. After having $2.00 EPS previously, Tech Data Corporation’s analysts see 76.50 % EPS growth. The stock increased 2.01% or $2.02 during the last trading session, reaching $102.48. About 212,356 shares traded. Tech Data Corporation (NASDAQ:TECD) has risen 41.82% since February 24, 2017 and is uptrending. It has outperformed by 25.12% the S&P500.

Tech Data Corporation (NASDAQ:TECD) Ratings Coverage

Among 8 analysts covering Tech Data Corp (NASDAQ:TECD), 6 have Buy rating, 0 Sell and 2 Hold. Therefore 75% are positive. Tech Data Corp has $130.0 highest and $49 lowest target. $92.86’s average target is -9.39% below currents $102.48 stock price. Tech Data Corp had 19 analyst reports since August 18, 2015 according to SRatingsIntel. Loop Capital Markets initiated the shares of TECD in report on Thursday, August 24 with “Buy” rating. As per Monday, October 12, the company rating was downgraded by Raymond James. The rating was upgraded by Bank of America to “Neutral” on Tuesday, August 30. The firm has “Mkt Perform” rating by Raymond James given on Wednesday, November 25. The rating was maintained by Citigroup with “Sell” on Thursday, September 22. Citigroup maintained Tech Data Corporation (NASDAQ:TECD) rating on Friday, May 27. Citigroup has “Sell” rating and $59 target. Stifel Nicolaus maintained the stock with “Buy” rating in Tuesday, November 28 report. On Tuesday, September 20 the stock rating was upgraded by Bank of America to “Buy”. Bank of America initiated it with “Underperform” rating and $49 target in Tuesday, August 18 report. As per Tuesday, November 28, the company rating was maintained by Raymond James.

Tech Data Corporation engages in the wholesale distribution of technology products. The company has market cap of $3.91 billion. It distributes and markets broadline products, such as notebooks, tablets, desktops, printers, printer supplies, and components; and data center products, including industry standard servers, proprietary servers, networking, and storage products. It has a 19.76 P/E ratio. The firm also offers software products, such as virtualization, cloud, security, desktop applications, operating systems, and utilities software; mobility products consisting of mobile phones and accessories; and consumer electronics comprising TV's, digital displays, consumer audio-visual devices, and network-attached consumer devices.

More news for Tech Data Corporation (NASDAQ:TECD) were recently published by: Bizjournals.com, which released: “St. Pete EDC taps local attorney as its new chair” on February 23, 2018. Gurufocus.com‘s article titled: “Redmond Asset Management, LLC Buys Tech Data Corp, Liberty SiriusXM Group …” and published on February 02, 2018 is yet another important article.

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