Syntel, Inc. (SYNT) Expected to Announce Earnings of $0.39 Per Share

Wall Street analysts forecast that Syntel, Inc. (NASDAQ:SYNT) will report earnings of $0.39 per share for the current quarter, Zacks Investment Research reports. Six analysts have made estimates for Syntel’s earnings, with the highest EPS estimate coming in at $0.42 and the lowest estimate coming in at $0.37. Syntel posted earnings per share of $0.57 during the same quarter last year, which indicates a negative year over year growth rate of 31.6%. The business is expected to issue its next quarterly earnings report before the market opens on Thursday, February 15th.

According to Zacks, analysts expect that Syntel will report full year earnings of $1.87 per share for the current year, with EPS estimates ranging from $1.85 to $1.90. For the next financial year, analysts anticipate that the business will post earnings of $1.82 per share, with EPS estimates ranging from $1.75 to $1.92. Zacks’ earnings per share averages are an average based on a survey of research firms that follow Syntel.

SYNT has been the topic of a number of analyst reports. ValuEngine raised shares of Syntel from a “hold” rating to a “buy” rating in a research report on Thursday, November 9th. Zacks Investment Research raised shares of Syntel from a “hold” rating to a “buy” rating and set a $27.00 price objective on the stock in a research report on Friday, October 20th. Needham & Company LLC lifted their price objective on shares of Syntel from $23.00 to $28.00 and gave the stock a “buy” rating in a research report on Wednesday, October 18th. They noted that the move was a valuation call. Loop Capital reaffirmed a “buy” rating and issued a $28.00 price objective on shares of Syntel in a research report on Wednesday, October 18th. They noted that the move was a valuation call. Finally, TheStreet raised shares of Syntel from a “d+” rating to a “c” rating in a research report on Tuesday, October 17th. Four equities research analysts have rated the stock with a sell rating, seven have assigned a hold rating and three have assigned a buy rating to the stock. Syntel has an average rating of “Hold” and an average price target of $23.31.

In other Syntel news, insider Daniel M. Moore sold 1,080 shares of the business’s stock in a transaction that occurred on Wednesday, November 15th. The shares were sold at an average price of $24.19, for a total transaction of $26,125.20. Following the sale, the insider now owns 22,963 shares of the company’s stock, valued at approximately $555,474.97. The transaction was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. In the last three months, insiders have sold 3,944 shares of company stock worth $99,584. 61.10% of the stock is owned by insiders.

A number of large investors have recently added to or reduced their stakes in SYNT. Dimensional Fund Advisors LP grew its position in Syntel by 75.4% during the 2nd quarter. Dimensional Fund Advisors LP now owns 923,431 shares of the information technology services provider’s stock worth $15,661,000 after purchasing an additional 397,034 shares during the last quarter. PenderFund Capital Management Ltd. purchased a new stake in Syntel during the 4th quarter worth approximately $5,114,000. Vanguard Group Inc. lifted its stake in Syntel by 5.0% during the 2nd quarter. Vanguard Group Inc. now owns 2,723,937 shares of the information technology services provider’s stock valued at $46,198,000 after acquiring an additional 130,471 shares during the period. Schwab Charles Investment Management Inc. lifted its stake in Syntel by 57.5% during the 4th quarter. Schwab Charles Investment Management Inc. now owns 321,356 shares of the information technology services provider’s stock valued at $7,388,000 after acquiring an additional 117,309 shares during the period. Finally, Chicago Equity Partners LLC acquired a new stake in Syntel during the 4th quarter valued at approximately $1,903,000. 36.66% of the stock is currently owned by institutional investors.

Syntel (SYNT) opened at $21.50 on Thursday. The company has a debt-to-equity ratio of -5.69, a current ratio of 2.07 and a quick ratio of 2.07. Syntel has a 12-month low of $15.82 and a 12-month high of $26.33. The stock has a market cap of $1,762.30, a P/E ratio of 10.49, a PEG ratio of 1.17 and a beta of 1.01.

WARNING: This article was reported by Community Financial News and is owned by of Community Financial News. If you are accessing this article on another domain, it was illegally stolen and republished in violation of United States and international trademark and copyright laws. The original version of this article can be accessed at https://www.com-unik.info/2018/02/08/syntel-inc-synt-expected-to-announce-earnings-of-0-39-per-share.html.

Syntel Company Profile

Syntel, Inc (Syntel) is a global provider of digital transformation, information technology (IT) and knowledge process outsourcing (KPO) services. The Company operates through five segments: Banking and Financial Services, Healthcare and Life Sciences, Insurance, Manufacturing, and Retail, Logistics and Telecom.

Get a free copy of the Zacks research report on Syntel (SYNT)

For more information about research offerings from Zacks Investment Research, visit Zacks.com

Receive News & Ratings for Syntel Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Syntel and related companies with MarketBeat.com's FREE daily email newsletter.

Comments

Leave a Reply


share news on Facebook
tweet this investment news
share on linkedin
share on StockTwits
share on Google Plus
share on reddit