Tech Data (NASDAQ:TECD) will be announcing its earnings results before the market opens on Thursday, November 29th. Analysts expect the company to announce earnings of $2.18 per share for the quarter. Tech Data has set its Q3 guidance at $2.00-2.30 EPS.Investors interested in participating in the company’s conference call can do so using this link.

Tech Data (NASDAQ:TECD) last posted its quarterly earnings data on Thursday, August 30th. The company reported $2.01 earnings per share (EPS) for the quarter, missing the consensus estimate of $2.11 by ($0.10). Tech Data had a return on equity of 12.67% and a net margin of 0.39%. The firm had revenue of $8.89 billion for the quarter, compared to analyst estimates of $8.73 billion. During the same period in the prior year, the company posted $1.74 EPS. The firm’s quarterly revenue was up 9.8% compared to the same quarter last year. On average, analysts expect Tech Data to post $10 EPS for the current fiscal year and $11 EPS for the next fiscal year.

NASDAQ:TECD opened at $71.70 on Thursday. Tech Data has a 52-week low of $66.93 and a 52-week high of $108.62. The company has a debt-to-equity ratio of 0.49, a quick ratio of 0.87 and a current ratio of 1.28. The firm has a market cap of $2.84 billion, a price-to-earnings ratio of 7.87, a PEG ratio of 1.00 and a beta of 0.67.

Tech Data declared that its board has initiated a stock repurchase program on Tuesday, October 2nd that permits the company to buyback $200.00 million in outstanding shares. This buyback authorization permits the company to buy up to 7.3% of its shares through open market purchases. Shares buyback programs are often an indication that the company’s board believes its shares are undervalued.

Several research analysts have issued reports on TECD shares. BidaskClub downgraded Tech Data from a “hold” rating to a “sell” rating in a report on Thursday, September 6th. Bank of America cut shares of Tech Data from a “buy” rating to an “underperform” rating and set a $80.00 target price for the company. in a research report on Friday, August 31st. Needham & Company LLC dropped their target price on shares of Tech Data from $115.00 to $100.00 and set a “buy” rating for the company in a research report on Friday, August 31st. Zacks Investment Research cut shares of Tech Data from a “strong-buy” rating to a “hold” rating in a research report on Wednesday, August 1st. Finally, ValuEngine upgraded shares of Tech Data from a “strong sell” rating to a “sell” rating in a research report on Friday, November 16th. Two equities research analysts have rated the stock with a sell rating, three have assigned a hold rating and five have assigned a buy rating to the company. The company currently has a consensus rating of “Hold” and an average target price of $98.43.

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About Tech Data

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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Earnings History for Tech Data (NASDAQ:TECD)

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