Analysts Anticipate Syntel, Inc. (SYNT) to Announce $0.39 EPS

Brokerages expect that Syntel, Inc. (NASDAQ:SYNT) will announce earnings per share (EPS) of $0.39 for the current quarter, according to Zacks. Six analysts have made estimates for Syntel’s earnings, with estimates ranging from $0.37 to $0.42. Syntel reported earnings of $0.57 per share in the same quarter last year, which indicates a negative year over year growth rate of 31.6%. The firm is scheduled to report its next quarterly earnings report before the market opens on Thursday, February 15th.

According to Zacks, analysts expect that Syntel will report full year earnings of $1.87 per share for the current year, with EPS estimates ranging from $1.85 to $1.90. For the next fiscal year, analysts expect that the company will post earnings of $1.82 per share, with EPS estimates ranging from $1.75 to $1.92. Zacks’ earnings per share calculations are a mean average based on a survey of sell-side research firms that that provide coverage for Syntel.

SYNT has been the subject of a number of research reports. Zacks Investment Research downgraded Syntel from a “buy” rating to a “hold” rating in a research report on Wednesday, December 20th. Robert W. Baird reiterated a “hold” rating and issued a $24.00 price objective on shares of Syntel in a research report on Thursday, December 21st. ValuEngine upgraded Syntel from a “hold” rating to a “buy” rating in a research report on Thursday, November 9th. Cowen reiterated a “hold” rating and issued a $18.00 price objective on shares of Syntel in a research report on Thursday, October 12th. Finally, SunTrust Banks reiterated a “hold” rating and issued a $20.00 price objective on shares of Syntel in a research report on Tuesday, October 17th. Four equities research analysts have rated the stock with a sell rating, seven have given a hold rating and three have assigned a buy rating to the stock. The stock presently has a consensus rating of “Hold” and an average price target of $23.31.

In related news, insider Daniel M. Moore sold 1,080 shares of the firm’s stock in a transaction that occurred 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 completion of the transaction, the insider now owns 22,963 shares in the company, valued at approximately $555,474.97. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Insiders have sold a total of 3,944 shares of company stock valued at $99,584 in the last 90 days. 61.10% of the stock is owned by corporate insiders.

Institutional investors have recently bought and sold shares of the stock. The Manufacturers Life Insurance Company lifted its position in shares of Syntel by 2.5% during 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 buying an additional 683 shares during the period. State Street Corp lifted its position in shares of Syntel by 6.6% during the 2nd quarter. State Street Corp now owns 660,670 shares of the information technology services provider’s stock worth $11,207,000 after buying an additional 40,952 shares during the period. Goldman Sachs Group Inc. lifted its position in shares of Syntel by 166.9% during 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 buying an additional 42,160 shares during the period. Shell Asset Management Co. bought a new position in shares of Syntel during the 3rd quarter worth approximately $2,459,000. Finally, Vanguard Group Inc. lifted its position in shares of Syntel by 5.0% during the 2nd quarter. Vanguard Group Inc. now owns 2,723,937 shares of the information technology services provider’s stock worth $46,198,000 after buying an additional 130,471 shares during the period. Institutional investors and hedge funds own 36.66% of the company’s stock.

Shares of Syntel (NASDAQ:SYNT) opened at $21.50 on Thursday. The company has a quick ratio of 2.07, a current ratio of 2.07 and a debt-to-equity ratio of -5.69. Syntel has a 52-week low of $15.82 and a 52-week high of $26.33. The company has a market capitalization of $1,762.30, a P/E ratio of 10.49, a price-to-earnings-growth ratio of 1.17 and a beta of 1.01.

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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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