Analysts See $2.14 EPS for Tech Data Corporation (TECD)

August 13, 2018 - By Elizabeth Jones

Tech Data Corporation (NASDAQ:TECD) LogoInvestors sentiment decreased to 0.83 in 2018 Q1. Its down 0.56, from 1.39 in 2017Q4. It worsened, as 35 investors sold Tech Data Corporation shares while 93 reduced holdings. 37 funds opened positions while 69 raised stakes. 35.73 million shares or 1.77% more from 35.11 million shares in 2017Q4 were reported.
Globeflex Capital Ltd Partnership owns 18,340 shares or 0.33% of their US portfolio. D E Shaw And Inc has 15,640 shares. Raymond James Associates has 4,990 shares for 0% of their portfolio. Guggenheim Limited Company invested in 0.02% or 99,649 shares. Leavell Investment reported 3,500 shares. Los Angeles Cap Management Equity Research accumulated 118,306 shares. Oakbrook Ltd Co owns 0.01% invested in Tech Data Corporation (NASDAQ:TECD) for 2,575 shares. Virginia Retirement System Et Al owns 10,100 shares or 0.01% of their US portfolio. Macquarie Grp reported 0.11% of its portfolio in Tech Data Corporation (NASDAQ:TECD). Amalgamated Bank & Trust invested 0.01% in Tech Data Corporation (NASDAQ:TECD). Bragg Fincl has 45,122 shares. Ing Groep Nv reported 0.01% stake. Pub Employees Retirement Association Of Colorado owns 4,103 shares. Goldman Sachs Grp invested 0.02% of its portfolio in Tech Data Corporation (NASDAQ:TECD). First Tru Advisors Ltd Partnership owns 29,716 shares.

Analysts expect Tech Data Corporation (NASDAQ:TECD) to report $2.14 EPS on August, 30.They anticipate $0.40 EPS change or 22.99 % from last quarter’s $1.74 EPS. TECD’s profit would be $82.01 million giving it 9.85 P/E if the $2.14 EPS is correct. After having $1.84 EPS previously, Tech Data Corporation’s analysts see 16.30 % EPS growth. The stock decreased 1.39% or $1.19 during the last trading session, reaching $84.31. About 94,336 shares traded. Tech Data Corporation (NASDAQ:TECD) has declined 14.61% since August 13, 2017 and is downtrending. It has underperformed by 27.18% the S&P500.

Tech Data Corporation (NASDAQ:TECD) Ratings Coverage

Among 5 analysts covering Tech Data Corp (NASDAQ:TECD), 4 have Buy rating, 0 Sell and 1 Hold. Therefore 80% are positive. Tech Data Corp had 5 analyst reports since February 28, 2018 according to SRatingsIntel. The firm earned “Buy” rating on Thursday, March 8 by Stifel Nicolaus. The rating was maintained by Citigroup with “Neutral” on Friday, March 9. Northcoast maintained it with “Buy” rating and $127.0 target in Wednesday, February 28 report. Pivotal Research maintained Tech Data Corporation (NASDAQ:TECD) rating on Thursday, May 31. Pivotal Research has “Buy” rating and $10500 target. The firm earned “Buy” rating on Friday, March 9 by Bank of America.

Tech Data Corporation engages in the wholesale distribution of technology products. The company has market cap of $3.23 billion. It distributes and markets broadline products, such as notebooks, tablets, desktops, printers, printer supplies, and components; and data center products, including industry standard servers, proprietary servers, networking, and storage products. It has a 27.18 P/E ratio. The firm also offers software products, such as virtualization, cloud, security, desktop applications, operating systems, and utilities software; mobility products consisting of mobile phones and accessories; and consumer electronics comprising TV's, digital displays, consumer audio-visual devices, and network-attached consumer devices.

Another recent and important Tech Data Corporation (NASDAQ:TECD) news was published by which published an article titled: “Husband-and-wife team, former Valpak and Girl Scouts executives, buy St. Pete fitness company” on August 09, 2018.

Tech Data Corporation (NASDAQ:TECD) Institutional Positions Chart

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