Wall Street analysts predict that Syntel, Inc. (NASDAQ:SYNT) will post earnings per share of $0.44 for the current fiscal quarter, according to Zacks Investment Research. Six analysts have provided estimates for Syntel’s earnings, with estimates ranging from $0.42 to $0.48. Syntel reported earnings of $0.46 per share in the same quarter last year, which would suggest a negative year over year growth rate of 4.3%. The company is expected to report its next quarterly earnings report on Thursday, April 19th.
According to Zacks, analysts expect that Syntel will report full-year earnings of $1.86 per share for the current year, with EPS estimates ranging from $1.82 to $1.90. For the next fiscal year, analysts expect that the firm will post earnings of $1.93 per share, with EPS estimates ranging from $1.84 to $2.00. Zacks’ EPS averages are a mean average based on a survey of sell-side research firms that that provide coverage for Syntel.
Syntel (NASDAQ:SYNT) last released its earnings results on Thursday, February 15th. The information technology services provider reported $0.62 EPS for the quarter, topping analysts’ consensus estimates of $0.39 by $0.23. Syntel had a net margin of 18.00% and a negative return on equity of 218.07%. The business had revenue of $239.81 million during the quarter. During the same period in the prior year, the firm earned $0.57 EPS. The firm’s revenue for the quarter was up .8% on a year-over-year basis.
Shares of Syntel (SYNT) traded up $0.17 during midday trading on Friday, reaching $26.85. 523,300 shares of the company traded hands, compared to its average volume of 472,147. Syntel has a one year low of $15.82 and a one year high of $27.59. The stock has a market cap of $2,213.51, a PE ratio of 13.49, a PEG ratio of 1.91 and a beta of 1.01. The company has a debt-to-equity ratio of -25.89, a quick ratio of 2.07 and a current ratio of 2.17.
In other Syntel news, Chairman Prashant Ranade sold 50,000 shares of the business’s stock in a transaction dated Wednesday, February 21st. The shares were sold at an average price of $27.18, for a total value of $1,359,000.00. Following the transaction, the chairman now directly owns 257,933 shares in the company, valued at approximately $7,010,618.94. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Insiders sold a total of 51,673 shares of company stock worth $1,401,874 over the last quarter. 61.10% of the stock is currently owned by company insiders.
A number of large investors have recently bought and sold shares of SYNT. Wells Fargo & Company MN boosted its holdings in Syntel by 62.3% in the 2nd quarter. Wells Fargo & Company MN now owns 73,565 shares of the information technology services provider’s stock valued at $1,248,000 after purchasing an additional 28,247 shares during the last quarter. UBS Asset Management Americas Inc. acquired a new position in Syntel in the 2nd quarter valued at about $181,000. Northern Trust Corp boosted its holdings in Syntel by 4.5% in the 2nd quarter. Northern Trust Corp now owns 454,886 shares of the information technology services provider’s stock valued at $7,715,000 after purchasing an additional 19,636 shares during the last quarter. Vanguard Group Inc. boosted its holdings in Syntel by 5.0% in 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 purchasing an additional 130,471 shares during the last quarter. Finally, Parametric Portfolio Associates LLC boosted its holdings in Syntel by 47.2% in the 2nd quarter. Parametric Portfolio Associates LLC now owns 40,495 shares of the information technology services provider’s stock valued at $687,000 after purchasing an additional 12,992 shares during the last quarter. Institutional investors own 40.63% of the company’s stock.
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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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