Tech Data (NASDAQ:TECD) issued an update on its first quarter earnings guidance on Thursday morning. The company provided earnings per share guidance of $1.80-2.10 for the period, compared to the Thomson Reuters consensus earnings per share estimate of $2.04. The company issued revenue guidance of $8.3-8.6 billion, compared to the consensus revenue estimate of $8.69 billion.Tech Data also updated its Q1 2020 guidance to $1.80-2.10 EPS.
Tech Data stock traded down $7.59 during trading hours on Thursday, hitting $92.90. The stock had a trading volume of 437,037 shares, compared to its average volume of 393,943. The company has a debt-to-equity ratio of 0.46, a quick ratio of 0.85 and a current ratio of 1.24. The firm has a market capitalization of $3.98 billion, a price-to-earnings ratio of 10.20, a price-to-earnings-growth ratio of 1.06 and a beta of 0.96. Tech Data has a 1-year low of $66.93 and a 1-year high of $108.62.
Tech Data (NASDAQ:TECD) last posted its earnings results on Thursday, March 7th. The company reported $4.55 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $4.03 by $0.52. The company had revenue of $10.47 billion for the quarter, compared to analyst estimates of $10.63 billion. Tech Data had a return on equity of 13.92% and a net margin of 0.59%. Tech Data’s revenue was up 4.3% compared to the same quarter last year. During the same quarter in the prior year, the company earned $3.50 earnings per share. As a group, sell-side analysts forecast that Tech Data will post 10.95 EPS for the current fiscal year.
In related news, Director Robert M. Dutkowsky sold 10,000 shares of the stock in a transaction dated Friday, January 11th. The stock was sold at an average price of $91.02, for a total transaction of $910,200.00. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, VP Beth E. Simonetti sold 592 shares of the stock in a transaction dated Friday, January 11th. The stock was sold at an average price of $91.98, for a total value of $54,452.16. The disclosure for this sale can be found here. Insiders have sold 15,592 shares of company stock worth $1,399,852 over the last quarter. 1.10% of the stock is currently owned by company insiders.
Tech Data Company Profile
Tech Data Corporation engages in the wholesale distribution of technology products. It offers endpoint portfolio solutions, including PC systems, mobile phones and accessories, printers, peripherals, supplies, endpoint technology software, and consumer electronics; and advanced portfolio solutions, such as storage, networking, servers, advanced technology software, and converged and hyper-converged infrastructure, as well as specialized solutions.
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