Tech Data (NASDAQ:TECD) issued an update on its fourth quarter earnings guidance on Monday morning. The company provided earnings per share (EPS) guidance of $3.35-3.65 for the period, compared to the Thomson Reuters consensus estimate of $3.39. The company issued revenue guidance of $10.25-10.80 billion, compared to the consensus revenue estimate of $10.58 billion.
Shares of Tech Data (NASDAQ:TECD) traded down $0.61 during trading on Wednesday, hitting $95.48. The stock had a trading volume of 454,600 shares, compared to its average volume of 448,434. Tech Data has a fifty-two week low of $81.42 and a fifty-two week high of $111.10. The stock has a market capitalization of $3,666.15, a P/E ratio of 11.92, a price-to-earnings-growth ratio of 0.48 and a beta of 0.78. The company has a quick ratio of 0.89, a current ratio of 1.35 and a debt-to-equity ratio of 0.66.
Tech Data (NASDAQ:TECD) last posted its earnings results on Monday, November 27th. The company reported $2.00 EPS for the quarter, topping analysts’ consensus estimates of $1.90 by $0.10. The company had revenue of $9.14 billion for the quarter, compared to the consensus estimate of $9.10 billion. Tech Data had a return on equity of 11.90% and a net margin of 0.59%. The firm’s revenue for the quarter was up 40.8% on a year-over-year basis. During the same period in the previous year, the business earned $1.44 earnings per share. analysts forecast that Tech Data will post 9.14 earnings per share for the current year.
In other news, COO Richard T. Hume sold 3,100 shares of the stock in a transaction on Thursday, November 30th. The stock was sold at an average price of $98.06, for a total transaction of $303,986.00. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Corporate insiders own 1.60% of the company’s stock.
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About Tech Data
Tech Data Corporation is a wholesale distributor of technology products. The Company serves as a link in the technology supply chain by bringing products from the technology vendors to market, as well as providing its customers with logistics capabilities and services. It operates through the segment of distributing technology products, logistics management and other value-added services.
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