Stock Market Watch

Tech Data Corporation – Expect a solid fourth quarter and another record-setting year

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Tech Data Corporation (NASDAQ:TECD). Last Market Price: 46.4, Change: -1.50, % Change: (-3.13%). Shares trade in the range of 44.16 – 46.68 dollars. It has a market capitalization of 2.01B dollars, making it a Mid Cap Stock and has 43.40M outstanding shares. The company has a beta of 1.37, indicating, the stock to be more volatile than the market. As per the most recent quarterly report, the net income per share (EPS) is 4.84; P/E of 9.6 indicating that the stock may be undervalued. It operates in Technology sector and belongs to Computer Hardware industry. Percentage shares held by institutional investors is 92%. The company has a 52 week Price range (low – high) of $ 38.21 – 54.25. Average volumes of shares traded daily are 571,888. Volume traded in the last session was at 437,469, 0.76 times the average volume.

  • Reports Q3 (Oct)
    • EPS of $1.26, worse than the estimates
    • Revenues rose 7.0% year on year to $6.59 billion
  • Company states: For the fourth quarter, we are planning, in both regions, for flat to low single-digit sales growth in local currencies. We will continue our focus on responsible growth and on the quality of the revenue opportunities we pursue, taking into consideration our gross and operating margin goals. In Europe, we are currently realigning our resources to more closely match our cost structure and our skills portfolio with market opportunities, which will result in incremental costs of approximately $15 million in the fourth quarter. Despite this, we still expect a solid fourth quarter and another record-setting year.

For Q3 (Jul ’11), It had a Net profit margin of 0.80%, an Operating margin of 1.22%. Other Key stats and ratios are : Return on average assets of 3.25%, Return on average equity of 9.14%. The organization has an employee strength of 8,700

Consensus Recommendation is a Hold.


Estimate for sales for the Year Ending Jan-12 show a mean of 26,847.90 million dollars, an estimate high of 27,451.80 million dollars and an estimate low of 26,445.90 million dollars. A year ago the figures stood at 24,528.40 million dollars.

Estimate for sales for the Year Ending Jan-13 show a mean of 27,624.70 million dollars, an estimate high of 28,378.70 million dollars and an estimate low of 26,885.20 million dollars. A year ago the figures stood at 25,910.80 million dollars.

Estimate for EPS for the Year Ending Jan-12 show a mean of 5.11 dollars, an estimate high of 5.28 dollars and an estimate low of 4.88 dollars. A year ago the figures stood at 4.41 dollars.

Estimate for EPS for the Year Ending Jan-13 show a mean of 5.48 dollars, an estimate high of 5.89 dollars and an estimate low of 4.90 dollars. A year ago the figures stood at 5.06 dollars.

Sales for Quarter Ending Jul-11 was estimated at 6,134.58 million dollars, however the actual sales figure stood at 6,449.46 million dollars, 314.88 million dollars more than estimates.

Sales for Quarter Ending Apr-11 was estimated at 6,395.34 million dollars, however the actual sales figure stood at 6,332.13 million dollars, 63.21 million dollars less than estimates.

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edliston
Post Written By: Ed Liston

Ed Liston is a senior contributing editor at TheStockMarketWatch.com. An active market watcher and investor, Ed guides an independent team of experienced analysts and writes for multiple stock trader publications. He is widely quoted in various financial publications on the Internet. When Ed is not writing about stocks, investing in stocks, talking about stocks, or otherwise doing something stock related, he likes to go sailing and fishing in his yacht.


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Ed Liston

Ed Liston is a senior contributing editor at TheStockMarketWatch.com. An active market watcher and investor, Ed guides an independent team of experienced analysts and writes for multiple stock trader publications. He is widely quoted in various financial publications on the Internet. When Ed is not writing about stocks, investing in stocks, talking about stocks, or otherwise doing something stock related, he likes to go sailing and fishing.

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