Tech Data Corporation (NASDAQ: TECD) has reported earnings for its second fiscal quarter (ending July 31) of $2.17 versus $1.97 for the same period a year ago — an increase of 10%. E.P.S. were $9.78 for the latest four quarters through July 31 versus $3.87 for the same period a year ago — an increase of 153%.
Recent Price Action
Tech Data Corporation (NASDAQ: TECD) stock closed at $94.68 on 8/29/19 after a major increase of 15.7%. Moreover, exceptionally high trading volume at 394% of normal accompanied the advance. The stock has been strong relative to the market over the last nine months and has risen 5.7% during the last week.
Current PriceTarget Research Rating
With future capital returns forecasted to be above the cost of capital, TECD is expected to continue to be an important Value Builder.
Tech Data has a current Value Trend Rating of A (Highest Rating). This rating combines consistent signals from two proprietary PTR measures of a stock’s attractiveness. Tech Data has a slightly positive Power Rating of 60 and a good Appreciation Score of 84, and the Highest Value Trend Rating results.
In light of this new information and very positive price change we are reviewing our current Overall Rating of A. This review will be completed in the next several days.