Somewhat Favorable Media Coverage Somewhat Unlikely to Affect Tech Data (TECD) Share Price
Media coverage about Tech Data (NASDAQ:TECD) has been trending somewhat positive this week, Accern reports. The research group scores the sentiment of news coverage by monitoring more than 20 million blog and news sources in real-time. Accern ranks coverage of public companies on a scale of negative one to one, with scores nearest to one being the most favorable. Tech Data earned a coverage optimism score of 0.12 on Accern’s scale. Accern also gave headlines about the company an impact score of 45.7191731685967 out of 100, indicating that recent news coverage is somewhat unlikely to have an impact on the stock’s share price in the next few days.
Shares of Tech Data (NASDAQ TECD) opened at $96.24 on Tuesday. Tech Data has a 12-month low of $81.42 and a 12-month high of $111.10. The company has a debt-to-equity ratio of 0.66, a current ratio of 1.35 and a quick ratio of 0.89. The company has a market cap of $3,687.89, a PE ratio of 11.99, a PEG ratio of 0.48 and a beta of 0.78.
Tech Data (NASDAQ:TECD) last posted its earnings results on Monday, November 27th. The company reported $2.00 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $1.90 by $0.10. Tech Data had a net margin of 0.59% and a return on equity of 11.90%. The firm had revenue of $9.14 billion during the quarter, compared to analysts’ expectations of $9.10 billion. During the same period last year, the company posted $1.44 EPS. The company’s quarterly revenue was up 40.8% compared to the same quarter last year. research analysts predict that Tech Data will post 9.14 earnings per share for the current year.
A number of brokerages have recently commented on TECD. ValuEngine raised shares of Tech Data from a “hold” rating to a “buy” rating in a report on Monday, October 2nd. Citigroup reissued a “hold” rating and issued a $110.00 price target on shares of Tech Data in a report on Tuesday, November 28th. Loop Capital began coverage on shares of Tech Data in a report on Thursday, August 24th. They issued a “buy” rating and a $130.00 price target on the stock. Needham & Company LLC increased their price target on shares of Tech Data from $102.00 to $110.00 and gave the stock a “buy” rating in a report on Tuesday, November 28th. Finally, Raymond James Financial reissued a “hold” rating on shares of Tech Data in a report on Tuesday, November 28th. Four equities research analysts have rated the stock with a hold rating and eight have issued a buy rating to the company. Tech Data presently has a consensus rating of “Buy” and an average target price of $112.33.
In related news, COO Richard T. Hume sold 3,100 shares of Tech Data stock in a transaction dated Thursday, November 30th. The shares were sold at an average price of $98.06, for a total transaction of $303,986.00. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Company insiders own 1.60% of the company’s stock.
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Tech Data Company Profile
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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