Tech Data (NASDAQ:TECD) issued its quarterly earnings data on Tuesday. The company reported $3.02 EPS for the quarter, topping analysts’ consensus estimates of $2.99 by $0.03, Briefing.com reports. Tech Data had a net margin of 0.98% and a return on equity of 15.96%. The business had revenue of $9.12 billion for the quarter, compared to analyst estimates of $9.37 billion. During the same period last year, the business posted $3.02 earnings per share. The firm’s quarterly revenue was down 2.4% on a year-over-year basis.
Tech Data stock traded down $0.03 during mid-day trading on Thursday, reaching $129.00. The company’s stock had a trading volume of 505,395 shares, compared to its average volume of 670,469. The company has a market capitalization of $4.60 billion, a price-to-earnings ratio of 11.34 and a beta of 1.15. Tech Data has a 12 month low of $70.41 and a 12 month high of $131.70. The business’s 50 day simple moving average is $123.23 and its 200 day simple moving average is $104.20. The company has a debt-to-equity ratio of 0.45, a quick ratio of 0.86 and a current ratio of 1.27.
A number of equities research analysts recently commented on the stock. BidaskClub upgraded shares of Tech Data from a “hold” rating to a “buy” rating in a report on Tuesday, October 22nd. Northcoast Research set a $115.00 price objective on shares of Tech Data and gave the stock a “buy” rating in a report on Friday, August 30th. Zacks Investment Research upgraded shares of Tech Data from a “sell” rating to a “hold” rating and set a $95.00 price objective on the stock in a report on Friday, August 23rd. Loop Capital raised their target price on shares of Tech Data to $150.00 and gave the company a “buy” rating in a research report on Thursday, October 17th. Finally, Citigroup set a $100.00 target price on shares of Tech Data and gave the company a “hold” rating in a research report on Friday, August 30th. One equities research analyst has rated the stock with a sell rating, three have issued a hold rating and four have given a buy rating to the stock. The stock has an average rating of “Hold” and a consensus target price of $112.50.
Tech Data Company Profile
Tech Data Corporation operates as an IT distribution and solutions company. The company offers endpoint portfolio solutions, including personal computer systems, mobile phones and accessories, printers, peripherals, supplies, endpoint technology software, and consumer electronics. It also provides advanced portfolio solutions, such as data center technologies comprising storage, networking, servers, advanced technology software, and converged and hyper-converged infrastructure, as well as specialized solutions.
Featured Article: How Short Selling Works
Receive News & Ratings for Tech Data Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Tech Data and related companies with MarketBeat.com's FREE daily email newsletter.