Syntel (SYNT) Issues FY18 Earnings Guidance

Syntel (NASDAQ:SYNT) issued an update on its FY18 earnings guidance on Thursday morning. The company provided EPS guidance of $1.72-1.92 for the period, compared to the Thomson Reuters consensus EPS estimate of $1.80. The company issued revenue guidance of $905-950 million, compared to the consensus revenue estimate of $892.14 million.

Syntel (NASDAQ SYNT) opened at $21.91 on Thursday. 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 twelve month low of $15.82 and a twelve month high of $26.33. The company has a market cap of $1,794.62, a P/E ratio of 10.94, a price-to-earnings-growth ratio of 1.19 and a beta of 1.01.

Several research analysts have commented on SYNT shares. Wells Fargo & Co cut shares of Syntel from a market perform rating to an underperform rating and lowered their price target for the stock from $24.16 to $21.00 in a report on Friday, December 29th. Zacks Investment Research upgraded shares of Syntel from a hold rating to a buy rating and set a $27.00 price target for the company in a report on Friday, October 20th. JPMorgan Chase & Co. cut shares of Syntel from a neutral rating to an underweight rating in a report on Tuesday, December 12th. Robert W. Baird reiterated a hold rating and set a $24.00 price target on shares of Syntel in a report on Thursday, December 21st. Finally, Cowen reiterated a hold rating and set a $20.00 price target on shares of Syntel in a report on Thursday, October 19th. Four analysts have rated the stock with a sell rating, seven have assigned a hold rating and three have assigned a buy rating to the stock. Syntel has an average rating of Hold and an average target price of $23.31.

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About Syntel

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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