Tech Data Corp. (NASDAQ:TECD) – Research analysts at Northcoast Research cut their Q4 2017 earnings per share estimates for Tech Data Corp. in a research note issued on Wednesday. Northcoast Research analyst K. Housum now anticipates that the brokerage will earn $2.19 per share for the quarter, down from their prior estimate of $2.23. Northcoast Research currently has a “Neutral” rating on the stock. Northcoast Research also issued estimates for Tech Data Corp.’s Q1 2018 earnings at $1.27 EPS, Q2 2018 earnings at $1.50 EPS, Q3 2018 earnings at $1.52 EPS and Q4 2018 earnings at $2.19 EPS.

Several other equities analysts also recently issued reports on TECD. Zacks Investment Research cut shares of Tech Data Corp. from a “hold” rating to a “sell” rating in a research report on Friday, August 26th. Needham & Company LLC reiterated a “hold” rating on shares of Tech Data Corp. in a research report on Friday, August 26th. Brean Capital reiterated a “buy” rating and set a $82.00 price target on shares of Tech Data Corp. in a research report on Friday, August 26th. Bank of America Corp. upgraded shares of Tech Data Corp. from an “underperform” rating to a “neutral” rating and lifted their price target for the stock from $67.00 to $80.00 in a research report on Tuesday, August 30th. They noted that the move was a valuation call. Finally, Stifel Nicolaus upgraded shares of Tech Data Corp. from a “hold” rating to a “buy” rating and lifted their price target for the stock from $75.00 to $96.00 in a research report on Tuesday, September 20th. One equities research analyst has rated the stock with a sell rating, four have assigned a hold rating and four have issued a buy rating to the stock. The stock has an average rating of “Hold” and an average price target of $94.67.

Earnings History and Estimates for Tech Data Corp. (NASDAQ:TECD)

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Tech Data Corp. (NASDAQ:TECD) opened at 86.64 on Friday. The company’s 50 day moving average price is $80.21 and its 200 day moving average price is $77.40. Tech Data Corp. has a 12 month low of $57.99 and a 12 month high of $89.36. The firm has a market capitalization of $3.05 billion, a P/E ratio of 14.07 and a beta of 0.87.

Tech Data Corp. (NASDAQ:TECD) last issued its quarterly earnings data on Tuesday, November 22nd. The company reported $1.44 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $1.26 by $0.18. Tech Data Corp. had a return on equity of 10.51% and a net margin of 0.81%. The firm earned $6.49 billion during the quarter, compared to the consensus estimate of $6.36 billion. During the same period in the previous year, the firm posted $1.28 EPS. The company’s quarterly revenue was up 1.0% compared to the same quarter last year.

ILLEGAL ACTIVITY WARNING: “Analysts Issue Forecasts for Tech Data Corp.’s Q4 2017 Earnings (TECD)” was reported by The Cerbat Gem and is the propert of of The Cerbat Gem. If you are viewing this news story on another domain, it was stolen and republished in violation of US & international copyright and trademark law. The legal version of this news story can be read at https://www.thecerbatgem.com/2016/11/27/analysts-issue-forecasts-for-tech-data-corp-s-q4-2017-earnings-tecd.html.

Hedge funds have recently made changes to their positions in the company. Weaver C. Barksdale & Associates Inc. raised its stake in Tech Data Corp. by 7.2% in the second quarter. Weaver C. Barksdale & Associates Inc. now owns 1,473 shares of the company’s stock valued at $106,000 after buying an additional 99 shares during the period. Zurcher Kantonalbank Zurich Cantonalbank raised its stake in Tech Data Corp. by 12.5% in the third quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 1,295 shares of the company’s stock valued at $110,000 after buying an additional 144 shares during the period. LS Investment Advisors LLC raised its stake in Tech Data Corp. by 71.9% in the second quarter. LS Investment Advisors LLC now owns 2,102 shares of the company’s stock valued at $151,000 after buying an additional 879 shares during the period. Creative Planning raised its stake in Tech Data Corp. by 4.7% in the third quarter. Creative Planning now owns 1,897 shares of the company’s stock valued at $161,000 after buying an additional 86 shares during the period. Finally, Acrospire Investment Management LLC raised its stake in Tech Data Corp. by 3.9% in the second quarter. Acrospire Investment Management LLC now owns 2,694 shares of the company’s stock valued at $194,000 after buying an additional 100 shares during the period. 99.42% of the stock is currently owned by institutional investors and hedge funds.

Tech Data Corp. 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.

5 Day Chart for NASDAQ:TECD

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