Tech Data Corp. (NASDAQ:TECD) – Northcoast Research increased their FY2017 earnings estimates for Tech Data Corp. in a report issued on Wednesday. Northcoast Research analyst K. Housum now forecasts that the brokerage will post earnings of $6.10 per share for the year, up from their previous estimate of $5.97. Northcoast Research currently has a “Neutral” rating on the stock. Northcoast Research also issued estimates for Tech Data Corp.’s FY2018 earnings at $6.49 EPS.

Tech Data Corp. (NASDAQ:TECD) last posted its quarterly earnings data on Tuesday, November 22nd. The company reported $1.44 earnings per share for the quarter, topping the 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 business earned $6.49 billion during the quarter, compared to analysts’ expectations of $6.36 billion. During the same quarter in the previous year, the firm earned $1.28 EPS. The firm’s revenue was up 1.0% compared to the same quarter last year.

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

Other equities analysts have also issued reports about the stock. Bank of America Corp. upgraded shares of Tech Data Corp. from a “neutral” rating to a “buy” rating and set a $100.00 target price on the stock in a research report on Tuesday, September 20th. upgraded shares of Tech Data Corp. from an “underperform” rating to a “buy” rating and raised their target price for the stock from $76.00 to $102.00 in a research report on Tuesday, September 20th. Stifel Nicolaus upgraded shares of Tech Data Corp. from a “hold” rating to a “buy” rating and raised their target price for the stock from $75.00 to $96.00 in a research report on Tuesday, September 20th. Brean Capital restated a “buy” rating and set a $105.00 target price (up from $82.00) on shares of Tech Data Corp. in a research report on Thursday, September 22nd. Finally, Zacks Investment Research upgraded shares of Tech Data Corp. from a “sell” rating to a “hold” rating in a research report on Monday, September 26th. One equities research analyst has rated the stock with a sell rating, four have assigned a hold rating and four have assigned a buy rating to the company’s stock. The stock presently has an average rating of “Hold” and a consensus price target of $94.67.

Tech Data Corp. (NASDAQ:TECD) opened at 86.64 on Monday. Tech Data Corp. has a 52-week low of $57.99 and a 52-week high of $89.36. The company’s 50 day moving average price is $80.21 and its 200 day moving average price is $77.40. The firm has a market cap of $3.05 billion, a PE ratio of 14.07 and a beta of 0.87.

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Large investors have recently modified their holdings of the company. Macquarie Group Ltd. raised its stake in shares of Tech Data Corp. by 2.8% in the second quarter. Macquarie Group Ltd. now owns 667,822 shares of the company’s stock valued at $47,983,000 after buying an additional 18,286 shares during the last quarter. Hennessy Advisors Inc. raised its stake in shares of Tech Data Corp. by 2.2% in the second quarter. Hennessy Advisors Inc. now owns 563,400 shares of the company’s stock valued at $40,480,000 after buying an additional 12,200 shares during the last quarter. BNP Paribas Arbitrage SA raised its stake in shares of Tech Data Corp. by 401.7% in the second quarter. BNP Paribas Arbitrage SA now owns 24,812 shares of the company’s stock valued at $1,783,000 after buying an additional 19,866 shares during the last quarter. First Quadrant L P CA raised its stake in shares of Tech Data Corp. by 413.8% in the second quarter. First Quadrant L P CA now owns 63,200 shares of the company’s stock valued at $4,541,000 after buying an additional 50,900 shares during the last quarter. Finally, DekaBank Deutsche Girozentrale raised its stake in shares of Tech Data Corp. by 6.6% in the second quarter. DekaBank Deutsche Girozentrale now owns 56,600 shares of the company’s stock valued at $3,979,000 after buying an additional 3,500 shares during the last quarter.

About Tech Data Corp.

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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