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

August 13, 2018 - By Vernon Rice

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.
Moreover, Parametric Associates Ltd has 0.02% invested in Tech Data Corporation (NASDAQ:TECD) for 188,664 shares. Credit Suisse Ag reported 50,906 shares. Leavell Management owns 3,500 shares. Stratos Wealth Prns Ltd owns 10,803 shares for 0.04% of their portfolio. Natixis L P reported 0.01% stake. Swiss Savings Bank reported 66,500 shares. Sei Investments invested 0.01% of its portfolio in Tech Data Corporation (NASDAQ:TECD). Tiaa Cref Investment Mgmt Lc owns 221,322 shares or 0.01% of their US portfolio. California Pub Employees Retirement Sys holds 0.01% of its portfolio in Tech Data Corporation (NASDAQ:TECD) for 106,768 shares. Massachusetts Fincl Ser Communications Ma accumulated 159,027 shares or 0.01% of the stock. Texas Permanent School Fund has invested 0.03% in Tech Data Corporation (NASDAQ:TECD). Amp Capital Investors Ltd stated it has 6,200 shares or 0% of all its holdings. Mutual Of America Mgmt Ltd holds 0.04% or 29,791 shares in its portfolio. Clarivest Asset Mgmt Limited Co holds 30,400 shares or 0.04% of its portfolio. Shell Asset Mngmt Commerce accumulated 0.02% or 10,523 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. On Wednesday, February 28 the stock rating was maintained by Northcoast with “Buy”. The stock of Tech Data Corporation (NASDAQ:TECD) earned “Buy” rating by Bank of America on Friday, March 9. As per Thursday, March 8, the company rating was maintained by Stifel Nicolaus. The stock of Tech Data Corporation (NASDAQ:TECD) has “Buy” rating given on Thursday, May 31 by Pivotal Research. The rating was maintained by Citigroup on Friday, March 9 with “Neutral”.

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 Bizjournals.com 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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