Equities research analysts expect Synaptics, Incorporated (NASDAQ:SYNA) to announce sales of $401.42 million for the current quarter, Zacks reports. Six analysts have provided estimates for Synaptics’ earnings, with the lowest sales estimate coming in at $400.00 million and the highest estimate coming in at $402.70 million. Synaptics reported sales of $444.20 million in the same quarter last year, which would indicate a negative year-over-year growth rate of 9.6%. The firm is scheduled to announce its next earnings results on Thursday, April 26th.
According to Zacks, analysts expect that Synaptics will report full year sales of $401.42 million for the current fiscal year, with estimates ranging from $1.67 billion to $1.69 billion. For the next financial year, analysts anticipate that the business will report sales of $1.77 billion per share, with estimates ranging from $1.74 billion to $1.82 billion. Zacks’ sales averages are a mean average based on a survey of analysts that that provide coverage for Synaptics.
Synaptics (NASDAQ:SYNA) last announced its earnings results on Wednesday, February 7th. The software maker reported $1.11 EPS for the quarter, topping the consensus estimate of $1.08 by $0.03. The firm had revenue of $430.40 million for the quarter, compared to the consensus estimate of $430.59 million. Synaptics had a negative net margin of 5.04% and a positive return on equity of 13.70%. The business’s quarterly revenue was down 6.7% on a year-over-year basis. During the same period last year, the company posted $1.49 EPS.
Shares of Synaptics (NASDAQ SYNA) opened at $48.74 on Tuesday. The company has a debt-to-equity ratio of 0.65, a quick ratio of 1.85 and a current ratio of 2.36. The company has a market cap of $1,680.00, a P/E ratio of -40.28, a price-to-earnings-growth ratio of 1.28 and a beta of 1.00. Synaptics has a fifty-two week low of $33.73 and a fifty-two week high of $64.54.
In related news, SVP John Mcfarland sold 641 shares of the business’s stock in a transaction on Wednesday, February 14th. The shares were sold at an average price of $45.00, for a total transaction of $28,845.00. The sale was disclosed in a filing with the SEC, which is available through this hyperlink. Also, CEO Rick Bergman sold 20,000 shares of the business’s stock in a transaction on Friday, January 12th. The stock was sold at an average price of $50.00, for a total transaction of $1,000,000.00. The disclosure for this sale can be found here. Insiders sold 23,258 shares of company stock worth $1,147,934 over the last quarter. 3.70% of the stock is owned by corporate insiders.
A number of institutional investors and hedge funds have recently modified their holdings of SYNA. Tiedemann Wealth Management LLC increased its holdings in Synaptics by 17.9% during the third quarter. Tiedemann Wealth Management LLC now owns 16,335 shares of the software maker’s stock worth $103,000 after buying an additional 2,485 shares during the last quarter. Victory Capital Management Inc. acquired a new position in Synaptics during the third quarter worth $120,000. Amalgamated Bank acquired a new position in Synaptics during the fourth quarter worth $201,000. ING Groep NV acquired a new position in Synaptics during the fourth quarter worth $205,000. Finally, AMP Capital Investors Ltd acquired a new position in Synaptics during the fourth quarter worth $216,000. Institutional investors and hedge funds own 99.98% of the company’s stock.
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Synaptics Company Profile
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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