Equities research analysts predict that Syntel, Inc. (NASDAQ:SYNT) will report earnings per share of $0.40 for the current quarter, according to Zacks Investment Research. Six analysts have issued estimates for Syntel’s earnings, with the highest EPS estimate coming in at $0.43 and the lowest estimate coming in at $0.37. Syntel posted earnings per share of $0.57 in the same quarter last year, which suggests a negative year over year growth rate of 29.8%. The company is expected to announce its next quarterly earnings report on Thursday, February 15th.

According to Zacks, analysts expect that Syntel will report full-year earnings of $1.87 per share for the current fiscal year, with EPS estimates ranging from $1.85 to $1.91. For the next year, analysts expect that the company will report earnings of $1.82 per share, with EPS estimates ranging from $1.75 to $1.92. Zacks Investment Research’s earnings per share averages are an average based on a survey of research firms that follow Syntel.

Syntel (NASDAQ:SYNT) last released its earnings results on Tuesday, October 17th. The information technology services provider reported $0.58 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $0.41 by $0.17. Syntel had a negative return on equity of 137.94% and a net margin of 18.64%. The business had revenue of $231.34 million for the quarter. During the same period last year, the firm posted $0.63 earnings per share. The company’s revenue was down 4.1% compared to the same quarter last year.

A number of analysts have commented on SYNT shares. JPMorgan Chase & Co. cut Syntel from a “neutral” rating to an “underweight” rating in a research report on Tuesday, December 12th. Zacks Investment Research lowered Syntel from a “buy” rating to a “hold” rating in a research note on Wednesday, December 20th. Needham & Company LLC lowered Syntel from a “buy” rating to a “hold” rating in a research note on Thursday, December 21st. They noted that the move was a valuation call. Robert W. Baird reaffirmed a “hold” rating and issued a $24.00 price objective on shares of Syntel in a research note on Thursday, December 21st. Finally, BidaskClub downgraded Syntel from a “buy” rating to a “hold” rating in a report on Friday, December 15th. Three analysts have rated the stock with a sell rating, seven have assigned a hold rating and four have given a buy rating to the company. The company presently has a consensus rating of “Hold” and a consensus price target of $23.31.

Shares of Syntel (SYNT) opened at $23.80 on Friday. The company has a market capitalization of $1,938.78, a price-to-earnings ratio of 11.61, a P/E/G ratio of 1.28 and a beta of 1.11. The company has a current ratio of 2.07, a quick ratio of 2.07 and a debt-to-equity ratio of -5.69. Syntel has a 1 year low of $15.82 and a 1 year high of $26.33.

In other Syntel news, insider Daniel M. Moore sold 1,080 shares of the stock in a transaction on Wednesday, November 15th. The stock was sold at an average price of $24.19, for a total transaction of $26,125.20. Following the sale, the insider now owns 22,963 shares of the company’s stock, valued at approximately $555,474.97. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Insiders have sold a total of 4,769 shares of company stock worth $119,266 in the last ninety days. Insiders own 61.10% of the company’s stock.

Institutional investors have recently bought and sold shares of the company. The Manufacturers Life Insurance Company boosted its position in shares of Syntel by 2.5% in the 2nd quarter. The Manufacturers Life Insurance Company now owns 27,574 shares of the information technology services provider’s stock worth $468,000 after purchasing an additional 683 shares in the last quarter. AXA acquired a new stake in shares of Syntel in the 2nd quarter worth $1,046,000. State Street Corp boosted its position in shares of Syntel by 6.6% in the 2nd quarter. State Street Corp now owns 660,670 shares of the information technology services provider’s stock worth $11,207,000 after purchasing an additional 40,952 shares in the last quarter. Goldman Sachs Group Inc. boosted its position in shares of Syntel by 166.9% in the 2nd quarter. Goldman Sachs Group Inc. now owns 67,423 shares of the information technology services provider’s stock worth $1,143,000 after purchasing an additional 42,160 shares in the last quarter. Finally, Prudential Financial Inc. acquired a new stake in shares of Syntel in the 2nd quarter worth $1,082,000. 36.61% of the stock is owned by hedge funds and other institutional investors.

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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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