Wall Street analysts forecast that Syntel, Inc. (NASDAQ:SYNT) will report earnings per share (EPS) of $0.44 for the current quarter, Zacks Investment Research reports. Six analysts have issued estimates for Syntel’s earnings, with the lowest EPS estimate coming in at $0.42 and the highest estimate coming in at $0.48. Syntel reported earnings per share of $0.46 in the same quarter last year, which suggests a negative year over year growth rate of 4.3%. The business is expected to issue its next earnings results on Thursday, April 19th.
On average, analysts expect that Syntel will report full year earnings of $1.86 per share for the current fiscal year, with EPS estimates ranging from $1.82 to $1.90. For the next financial year, analysts anticipate that the business will post earnings of $1.93 per share, with EPS estimates ranging from $1.84 to $2.00. Zacks’ earnings per share averages are a mean average based on a survey of sell-side analysts that follow Syntel.
Syntel (NASDAQ:SYNT) last issued its quarterly earnings results on Thursday, February 15th. The information technology services provider reported $0.62 EPS for the quarter, topping the Zacks’ consensus estimate of $0.39 by $0.23. Syntel had a negative return on equity of 218.07% and a net margin of 18.00%. The company had revenue of $239.81 million for the quarter. During the same quarter in the previous year, the business posted $0.57 EPS. The firm’s revenue for the quarter was up .8% on a year-over-year basis.
Shares of Syntel (SYNT) traded down $0.08 during midday trading on Tuesday, hitting $27.33. The company had a trading volume of 583,644 shares, compared to its average volume of 474,656. The company has a quick ratio of 2.17, a current ratio of 2.17 and a debt-to-equity ratio of -25.89. Syntel has a 52 week low of $15.82 and a 52 week high of $27.72. The company has a market capitalization of $2,280.00, a PE ratio of 13.08, a P/E/G ratio of 1.97 and a beta of 0.76.
In other news, insider Daniel M. Moore sold 2,000 shares of the business’s stock in a transaction dated Thursday, March 1st. The stock was sold at an average price of $26.69, for a total transaction of $53,380.00. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, Chairman Prashant Ranade sold 50,000 shares of the business’s stock in a transaction dated Wednesday, February 21st. The stock was sold at an average price of $27.18, for a total value of $1,359,000.00. Following the sale, the chairman now owns 257,933 shares in the company, valued at $7,010,618.94. The disclosure for this sale can be found here. In the last quarter, insiders sold 53,833 shares of company stock worth $1,461,209. Company insiders own 61.10% of the company’s stock.
Large investors have recently added to or reduced their stakes in the company. Ladenburg Thalmann Financial Services Inc. grew its holdings in shares of Syntel by 1,208.5% during the fourth quarter. Ladenburg Thalmann Financial Services Inc. now owns 5,679 shares of the information technology services provider’s stock worth $130,000 after purchasing an additional 5,245 shares during the last quarter. Group One Trading L.P. grew its holdings in shares of Syntel by 52.2% during the third quarter. Group One Trading L.P. now owns 7,287 shares of the information technology services provider’s stock worth $143,000 after purchasing an additional 2,498 shares during the last quarter. SG Americas Securities LLC bought a new stake in shares of Syntel during the fourth quarter worth about $144,000. Comerica Bank bought a new stake in shares of Syntel during the fourth quarter worth about $213,000. Finally, Quantitative Systematic Strategies LLC bought a new stake in shares of Syntel during the fourth quarter worth about $221,000. Institutional investors own 40.43% of the company’s stock.
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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.
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