Syntel (NASDAQ:SYNT) issued its earnings results on Thursday. The information technology services provider reported $0.62 EPS for the quarter, beating analysts’ consensus estimates of $0.39 by $0.23, Briefing.com reports. Syntel had a negative return on equity of 137.94% and a net margin of 18.64%. The firm had revenue of $239.80 million for the quarter, compared to the consensus estimate of $213.66 million. During the same quarter in the previous year, the company posted $0.57 earnings per share. The business’s quarterly revenue was up .8% compared to the same quarter last year. Syntel updated its FY18 guidance to $1.72-1.92 EPS.
Syntel (NASDAQ:SYNT) traded up $0.25 on Thursday, hitting $21.91. The stock had a trading volume of 508,000 shares, compared to its average volume of 419,147. The company has a market cap of $1,794.62, a P/E ratio of 10.94, a PEG ratio of 1.19 and a beta of 1.01. Syntel has a 52 week low of $15.82 and a 52 week high of $26.33. The company has a debt-to-equity ratio of -5.69, a quick ratio of 2.07 and a current ratio of 2.07.
SYNT has been the topic of a number of recent research reports. Wells Fargo & Co downgraded Syntel from a “market perform” rating to an “underperform” rating and lowered their target price for the company from $24.16 to $21.00 in a research note on Friday, December 29th. Zacks Investment Research upgraded Syntel from a “hold” rating to a “buy” rating and set a $27.00 target price on the stock in a research note on Friday, October 20th. JPMorgan Chase & Co. downgraded Syntel from a “neutral” rating to an “underweight” rating in a research note on Tuesday, December 12th. Robert W. Baird restated a “hold” rating and issued a $24.00 target price on shares of Syntel in a research note on Thursday, December 21st. Finally, Cowen restated a “hold” rating and issued a $20.00 target price on shares of Syntel in a research note on Thursday, October 19th. Four investment analysts have rated the stock with a sell rating, seven have assigned a hold rating and three have issued a buy rating to the stock. The company currently has a consensus rating of “Hold” and a consensus price target of $23.31.
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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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