Tech Data (TECD) Q4 Misses EPS Expectations

Tech Data Corp. (TECD) reported fourth-quarter earnings of $7.34 billion or $1.96 per share in the pre-market session Thursday. Analysts had been modeling $7.71 billion and $2.03 per share.

For the full-year ended January 31, 2015, the company reported non-GAAP net income of $190.08 million, or $4.97 per diluted share, compared to $173 million, or $4.52 per diluted share in the prior year period. Revenue was reported as $27.7 billion, an increase of 3% from the prior fiscal year.

“Our fourth quarter capped a successful fiscal year for Tech Data — a year in which we achieved profitable revenue growth and improved non-GAAP earnings, while making considerable progress on a number of operational fronts,” said in a press release Robert M. Dutkowsky, chief executive officer.

On valuation measures, Tech Data Corp. shares, which currently have an average 3-month trading volume of 332,444 shares, trade at a trailing-12 P/E of 10.77, a forward P/E of 11.15 and a P/E to growth ratio of 2.30. The median Wall Street price target on the name is $60.00 with a high target of $73.00. Currently ticker has 2 ‘Buy’ endorsements, compared to 4 ’Holds’ and 1 ‘Sell’.

Profitability-wise, TECD has a trailing-12 profit and operating margin of 0.72% and 0.87%, respectively. The $2.19 billion market cap company reported $543 million in cash vs. $353 million in debt in its most recent quarter.

TECD currently prints a one year loss of about 1.40% and a year-to-date loss of 9.33%.

Tech Data Corp. engages in the wholesale distribution of technology products. The company was founded in 1974 and is headquartered in Clearwater, Florida.

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