On 03 April 2020, Tech Data Corp (NASDAQ: TECD) stock soared 0.95% and closed at 132.78. The company opened the session at $132.5 and touched its highest price point at $132.93. Its recent trading capacity is 1132035 shares versus to its average trading volume of 1127774 shares.

Tech Data (NASDAQ: TECD) recently reported its financial results for the fourth quarter and fiscal year ended January 31, 2020.

Financial Highlights for the Fourth Quarter Ended January 31, 2020:

  • Worldwide net sales were $10.4B, a decrease of 1 percent contrast to the prior-year quarter. On a constant currency basis, net sales were flat.
    • Americas: Net sales were $4.3B, a raise of 1 percent contrast to the prior-year quarter. On a constant currency basis, net sales increased 1 percent.
    • Europe: Net sales were $5.8B, a decrease of 2 percent contrast to the prior-year quarter. On a constant currency basis, net sales were flat.
    • Asia Pacific: Net sales were $0.3B, flat contrast to the prior-year quarter. On a constant currency basis, net sales were also flat.
    • The following vendor represented 10 percent or more of worldwide net sales in the fourth quarter: Apple Inc. 19 percent.
  • Net cash generated by operations during the quarter was $180M. The cash conversion cycle was 15 days, equal to the year-before period.

Financial Highlights for the Fiscal Year Ended January 31, 2020:

  • Worldwide net sales were $37.0B, a decrease of 1 percent contrast to the previous year. On a constant currency basis, net sales increased 2 percent.
    • Americas: Net sales were $16.6B, a raise of 3 percent contrast to the previous year. On a constant currency basis, net sales increased 4 percent.
    • Europe: Net sales were $19.1B, a decrease of 4 percent contrast to the previous year. On a constant currency basis, net sales were flat.
    • Asia Pacific: Net sales were $1.3B, a raise of 8 percent contrast to the previous year. On a constant currency basis, net sales increased 10 percent.
  • Net cash generated by operations during the fiscal year was $593M.
  • At January 31, 2020, the company had about $1.9B of goodwill and purchased intangibles.
  • Return on invested capital for the trailing twelve months was 13 percent, contrast to 12 percent in the previous year. Adjusted return on invested capital for the trailing twelve months was 15 percent, contrast to 14 percent in the year-before period.

“Our fourth quarter capped a momentous year for Tech Data,” stated Rich Hume, chief executive officer. “For the fiscal year 2020, we delivered a strong financial performance while making planned progress and continuing to deliver higher value to our channel partners, colleagues and shareholders. We ended the year by reaching our biggest milestone yet—the contract to be purchased by Apollo. We look forward to completing the transaction and working with the Apollo team to accelerate investments in our business.”

TECD has a gross margin of 6.20% and an operating margin of 1.60% while its profit margin remained – 1.00% for the last 12 months. Its earnings per share (EPS) expected to touch remained 35.10% for this year while earning per share for the next 5-years is expected to reach at 14.00%. The company has 36.38M of outstanding shares and 4.83B shares were floated in the market. According to the most recent quarter its current ratio was 2.22 that represents company’s ability to meet its current financial obligations. The price moved ahead of 5.35% from the mean of 20 days, -2.87% from mean of 50 days SMA and performed 10.06% from mean of 200 days price. Company’s performance for the week was – 1.64%, -6.66% for month and YTD performance remained -7.53%.

 

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