Syntel (SYNT) Releases Quarterly Earnings, Beats Expectations By $0.27 EPS
Syntel (NASDAQ:SYNT) announced its earnings results on Thursday. The company reported $1.58 earnings per share for the quarter, beating the analysts’ consensus estimate of $1.31 by $0.27, Stock Ratings Network reports. The company had revenue of $223.30 million for the quarter, compared to the consensus estimate of $212.50 million.
Syntel (NASDAQ:SYNT) opened at 83.84 on Thursday. Syntel has a 1-year low of $57.85 and a 1-year high of $93.45. The stock’s 50-day moving average is $88.18 and its 200-day moving average is $82.85. The company has a market cap of $3.501 billion and a price-to-earnings ratio of 17.29.
On a related note, analysts at Zacks downgraded shares of Syntel from an “outperform” rating to a “neutral” rating in a research note on Wednesday, December 18th. They now have a $93.00 price target on the stock. Five equities research analysts have rated the stock with a hold rating and two have assigned a buy rating to the stock. The company currently has a consensus rating of “Hold” and an average target price of $77.17.
Syntel, Inc is a provider of information technology (NASDAQ:SYNT) and knowledge process outsourcing (KPO) services to Global 2000 companies.
Get Analysts' Upgrades and Downgrades via Email - Stay on top of analysts' coverage with Analyst Ratings Network's FREE daily email newsletter that provides a concise list of analysts' upgrades and downgrades. Click here to register now.