Syntel, Inc. (NASDAQ:SYNT) is scheduled to be posting its quarterly earnings results before the market opens on Thursday, July 20th. Analysts expect Syntel to post earnings of $0.40 per share for the quarter. Syntel has set its FY17 guidance at $1.57-1.77 EPS.
Syntel (NASDAQ:SYNT) last posted its quarterly earnings results on Thursday, April 20th. The information technology services provider reported $0.46 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.44 by $0.02. Syntel had a negative net margin of 7.58% and a positive return on equity of 110.62%. The business had revenue of $225.87 million during the quarter. During the same period last year, the firm posted $0.63 earnings per share. The company’s quarterly revenue was down 6.4% on a year-over-year basis. On average, analysts expect Syntel to post $1.68 EPS for the current fiscal year and $1.71 EPS for the next fiscal year.
Syntel, Inc. (NASDAQ SYNT) opened at 16.74 on Tuesday. Syntel, Inc. has a 12-month low of $15.82 and a 12-month high of $47.97. The firm’s market capitalization is $1.40 billion. The stock has a 50 day moving average of $17.40 and a 200 day moving average of $18.54.
A number of equities analysts have recently issued reports on the stock. ValuEngine upgraded shares of Syntel from a “hold” rating to a “buy” rating in a research note on Thursday, July 13th. Needham & Company LLC dropped their price objective on shares of Syntel from $23.00 to $21.00 and set a “buy” rating for the company in a research note on Friday, April 21st. BidaskClub upgraded shares of Syntel from a “strong sell” rating to a “sell” rating in a research note on Wednesday, June 28th. Finally, Cowen and Company restated a “market perform” rating and issued a $18.00 price objective (down previously from $20.00) on shares of Syntel in a research note on Sunday, April 23rd. Four research analysts have rated the stock with a sell rating, seven have given a hold rating and four have given a buy rating to the company’s stock. The company currently has an average rating of “Hold” and an average price target of $29.08.
In related news, Director Rex E. Jr. Schlaybaugh acquired 2,000 shares of the firm’s stock in a transaction on Wednesday, April 26th. The shares were purchased at an average price of $17.29 per share, with a total value of $34,580.00. Following the acquisition, the director now directly owns 6,114 shares in the company, valued at $105,711.06. The purchase was disclosed in a legal filing with the SEC, which is accessible through this link. Also, insider Raja Ray acquired 4,265 shares of the firm’s stock in a transaction on Tuesday, April 25th. The shares were bought at an average cost of $17.15 per share, for a total transaction of $73,144.75. Following the acquisition, the insider now owns 21,256 shares in the company, valued at $364,540.40. The disclosure for this purchase can be found here. Insiders have purchased a total of 19,377 shares of company stock valued at $334,732 in the last quarter. 61.10% of the stock is currently owned by corporate insiders.
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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.
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