Synaptics Incorporated (SYNA) Scheduled to Post Quarterly Earnings on Tuesday
Synaptics Incorporated (NASDAQ:SYNA) is set to announce its earnings results after the market closes on Tuesday, November 7th. Analysts expect the company to announce earnings of $0.57 per share for the quarter.
Synaptics (NASDAQ:SYNA) last announced its quarterly earnings data on Thursday, August 3rd. The software maker reported $0.85 earnings per share for the quarter, beating the consensus estimate of $0.74 by $0.11. Synaptics had a return on equity of 16.51% and a net margin of 2.84%. The business had revenue of $426.50 million during the quarter, compared to analyst estimates of $426.49 million. During the same period in the prior year, the company earned $0.46 earnings per share. Synaptics’s revenue was up 31.7% compared to the same quarter last year. On average, analysts expect Synaptics to post $3.09 EPS for the current fiscal year and $2.63 EPS for the next fiscal year.
Shares of Synaptics Incorporated (NASDAQ SYNA) traded down 0.24% during trading on Tuesday, reaching $36.65. The company’s stock had a trading volume of 158,742 shares. The firm’s 50-day moving average price is $38.13 and its 200-day moving average price is $47.89. Synaptics Incorporated has a one year low of $34.25 and a one year high of $64.54. The company has a market capitalization of $1.24 billion, a price-to-earnings ratio of 26.75 and a beta of 1.21.
SYNA has been the subject of a number of research reports. BidaskClub lowered shares of Synaptics from a “sell” rating to a “strong sell” rating in a research note on Wednesday, August 23rd. Oppenheimer Holdings, Inc. reiterated an “underperform” rating and set a $35.00 target price on shares of Synaptics in a research note on Thursday, September 14th. BMO Capital Markets decreased their target price on shares of Synaptics from $56.00 to $46.00 and set a “market perform” rating for the company in a research note on Friday, August 4th. Stifel Nicolaus reiterated a “buy” rating and set a $68.00 target price on shares of Synaptics in a research note on Friday, July 28th. Finally, Cowen and Company set a $75.00 target price on shares of Synaptics and gave the company a “buy” rating in a research note on Wednesday, August 2nd. Seven research analysts have rated the stock with a sell rating, five have assigned a hold rating and eight have given a buy rating to the company. Synaptics presently has a consensus rating of “Hold” and an average target price of $51.26.
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Synaptics Incorporated is engaged in the development, marketing and sale of intuitive human interface solutions for electronic devices and products. The Company is a developer and supplier of custom-designed human interface product solutions that enable people to interact with a range of mobile computing, communications, entertainment and other electronic devices.
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