Today, Brokers Issue Forecasts for Tech Data Corp.’s Q4 2017 Earnings (TECD)

Today, Brokers Issue Forecasts for Tech Data Corp.’s Q4 2017 Earnings (TECD)

Tech Data Corp. (NASDAQ:TECD) – Northcoast Research decreased their Q4 2017 earnings per share (EPS) estimates for Tech Data Corp. in a report released on Wednesday. Northcoast Research analyst K. Housum now anticipates that the brokerage will earn $2.19 per share for the quarter, down from their previous forecast of $2.23. Northcoast Research currently has a “Neutral” rating on the stock. Northcoast Research also issued estimates for Tech Data Corp.’s Q1 2018 earnings at $1.27 EPS, Q2 2018 earnings at $1.50 EPS, Q3 2018 earnings at $1.52 EPS and Q4 2018 earnings at $2.19 EPS.

Tech Data Corp. (NASDAQ:TECD) last posted its earnings results on Tuesday, November 22nd. The company reported $1.44 EPS for the quarter, topping analysts’ consensus estimates of $1.26 by $0.18. Tech Data Corp. had a net margin of 0.81% and a return on equity of 10.51%. The business earned $6.49 billion during the quarter, compared to the consensus estimate of $6.36 billion. During the same quarter in the previous year, the firm posted $1.28 EPS. The firm’s revenue was up 1.0% on a year-over-year basis.

Other equities analysts also recently issued reports about the stock. Bank of America Corp. upgraded shares of Tech Data Corp. from a “neutral” rating to a “buy” rating and set a $100.00 target price on the stock in a research note on Tuesday, September 20th. upgraded shares of Tech Data Corp. from an “underperform” rating to a “buy” rating and upped their target price for the stock from $76.00 to $102.00 in a research note on Tuesday, September 20th. Stifel Nicolaus upgraded shares of Tech Data Corp. from a “hold” rating to a “buy” rating and increased their price objective for the company from $75.00 to $96.00 in a research note on Tuesday, September 20th. Brean Capital reiterated a “buy” rating and set a $105.00 price objective (up from $82.00) on shares of Tech Data Corp. in a research note on Thursday, September 22nd. Finally, Zacks Investment Research upgraded shares of Tech Data Corp. from a “sell” rating to a “hold” rating in a research note on Monday, September 26th. One investment analyst has rated the stock with a sell rating, four have assigned a hold rating and four have assigned a buy rating to the stock. The company has a consensus rating of “Hold” and a consensus price target of $94.67.

Shares of Tech Data Corp. (NASDAQ:TECD) opened at 86.64 on Friday. Tech Data Corp. has a 52-week low of $57.99 and a 52-week high of $89.36. The firm has a 50-day moving average of $80.21 and a 200-day moving average of $77.40. The company has a market cap of $3.05 billion, a P/E ratio of 14.07 and a beta of 0.87.

A number of large investors have recently bought and sold shares of the stock. Weaver C. Barksdale & Associates Inc. boosted its stake in Tech Data Corp. by 7.2% in the second quarter. Weaver C. Barksdale & Associates Inc. now owns 1,473 shares of the company’s stock worth $106,000 after buying an additional 99 shares during the last quarter. Zurcher Kantonalbank Zurich Cantonalbank boosted its stake in Tech Data Corp. by 12.5% in the third quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 1,295 shares of the company’s stock worth $110,000 after buying an additional 144 shares during the last quarter. LS Investment Advisors LLC boosted its stake in Tech Data Corp. by 71.9% in the second quarter. LS Investment Advisors LLC now owns 2,102 shares of the company’s stock worth $151,000 after buying an additional 879 shares during the last quarter. Creative Planning boosted its stake in Tech Data Corp. by 4.7% in the third quarter. Creative Planning now owns 1,897 shares of the company’s stock worth $161,000 after buying an additional 86 shares during the last quarter. Finally, Acrospire Investment Management LLC boosted its stake in Tech Data Corp. by 3.9% in the second quarter. Acrospire Investment Management LLC now owns 2,694 shares of the company’s stock worth $194,000 after buying an additional 100 shares during the last quarter. 99.42% of the stock is owned by institutional investors.

Tech Data Corp. Company Profile

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