$1.92 EPS Expected for Tech Data Corp (TECD)

November 14, 2017 - By Vivian Currie

 $1.92 EPS Expected for Tech Data Corp (TECD)
Investors sentiment increased to 1.54 in Q2 2017. Its up 0.44, from 1.1 in 2017Q1. It improved, as 34 investors sold Tech Data Corp shares while 58 reduced holdings. 34 funds opened positions while 108 raised stakes. 37.35 million shares or 6.51% more from 35.06 million shares in 2017Q1 were reported.
Robeco Institutional Asset Mngmt Bv invested in 9,454 shares or 0.01% of the stock. Commonwealth Of Pennsylvania Pub School Empls Retrmt System has invested 0.01% of its portfolio in Tech Data Corp (NASDAQ:TECD). Waddell Reed Financial holds 254,580 shares or 0.06% of its portfolio. Barrow Hanley Mewhinney And Strauss Lc reported 13,771 shares stake. Cornerstone Ltd Liability Corporation holds 0.04% of its portfolio in Tech Data Corp (NASDAQ:TECD) for 50,155 shares. Price T Rowe Associate Incorporated Md invested 0% of its portfolio in Tech Data Corp (NASDAQ:TECD). Shell Asset Management Co invested in 27,725 shares. Ajo Lp reported 11,859 shares stake. Meeder Asset Management has 0.04% invested in Tech Data Corp (NASDAQ:TECD) for 3,800 shares. Adams Diversified Equity Fund has invested 0.07% of its portfolio in Tech Data Corp (NASDAQ:TECD). Prudential Fincl invested in 381,747 shares or 0.06% of the stock. Deutsche Bancorporation Ag has 0.02% invested in Tech Data Corp (NASDAQ:TECD). New York-based Jane Street Gru Llc has invested 0% in Tech Data Corp (NASDAQ:TECD). 91,961 are held by Incorporated. Swiss Bank & Trust stated it has 63,300 shares.

Since June 8, 2017, it had 0 buys, and 3 selling transactions for $1.52 million activity. On Monday, June 12 the insider VETTER DAVID R sold $601,560. QUAGLIA JOSEPH H also sold $494,400 worth of Tech Data Corp (NASDAQ:TECD) shares.

Analysts await Tech Data Corp (NASDAQ:TECD) to report earnings on November, 28. They expect $1.92 earnings per share, up 33.33 % or $0.48 from last year’s $1.44 per share. TECD’s profit will be $73.32 million for 11.70 P/E if the $1.92 EPS becomes a reality. After $1.74 actual earnings per share reported by Tech Data Corp for the previous quarter, Wall Street now forecasts 10.34 % EPS growth. The stock decreased 0.71% or $0.64 during the last trading session, reaching $89.82. About 232,365 shares traded. Tech Data Corp (NASDAQ:TECD) has risen 41.82% since November 14, 2016 and is uptrending. It has outperformed by 25.12% the S&P500.

Tech Data Corp (NASDAQ:TECD) Ratings Coverage

Among 8 analysts covering Tech Data Corp (NASDAQ:TECD), 6 have Buy rating, 0 Sell and 2 Hold. Therefore 75% are positive. Tech Data Corp had 16 analyst reports since August 18, 2015 according to SRatingsIntel. The firm has “Buy” rating given on Monday, September 18 by Needham. The company was maintained on Wednesday, October 11 by Needham. Bank of America initiated it with “Underperform” rating and $49 target in Tuesday, August 18 report. The firm earned “Mkt Perform” rating on Wednesday, November 25 by Raymond James. Raymond James downgraded the stock to “Underperform” rating in Monday, October 12 report. As per Friday, September 1, the company rating was maintained by Loop Capital Markets. The stock of Tech Data Corp (NASDAQ:TECD) earned “Buy” rating by Stifel Nicolaus on Tuesday, September 20. The stock of Tech Data Corp (NASDAQ:TECD) earned “Neutral” rating by Citigroup on Friday, June 2. The firm has “Sell” rating by Citigroup given on Thursday, September 22. Citigroup maintained Tech Data Corp (NASDAQ:TECD) rating on Friday, May 27. Citigroup has “Sell” rating and $59 target.

Tech Data Corporation is a wholesale distributor of technology products. The company has market cap of $3.43 billion. The Firm serves as a link in the technology supply chain by bringing products from the technology vendors to market, as well as providing its clients with logistics capabilities and services. It has a 16.94 P/E ratio. It operates through the segment of distributing technology products, logistics management and other value-added services.

More recent Tech Data Corp (NASDAQ:TECD) news were published by: Bizjournals.com which released: “Tech Data makes nine-figure real estate deal, buys Clearwater headquarters” on October 27, 2017. Also Fool.com published the news titled: “Here’s Why Tech Data Corp. Stock Is Down 21% Today” on September 01, 2017. Bizjournals.com‘s news article titled: “Three Tampa Bay companies earn perfect scores on a report card for LGBTQ issues” with publication date: November 09, 2017 was also an interesting one.

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