Wall Street analysts forecast that Syntel, Inc. (NASDAQ:SYNT) will announce earnings of $0.48 per share for the current quarter, according to Zacks. Four analysts have made estimates for Syntel’s earnings, with the highest EPS estimate coming in at $0.52 and the lowest estimate coming in at $0.46. Syntel posted earnings of $0.51 per share during the same quarter last year, which suggests a negative year-over-year growth rate of 5.9%. The firm is expected to announce its next earnings report on Tuesday, October 16th.

On average, analysts expect that Syntel will report full-year earnings of $1.97 per share for the current fiscal year, with EPS estimates ranging from $1.90 to $2.09. For the next financial year, analysts expect that the company will report earnings of $2.00 per share, with EPS estimates ranging from $1.86 to $2.13. Zacks’ EPS calculations are a mean average based on a survey of sell-side research analysts that that provide coverage for Syntel.

Syntel (NASDAQ:SYNT) last released its quarterly earnings data on Thursday, July 26th. The information technology services provider reported $0.49 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.44 by $0.05. Syntel had a net margin of 18.42% and a return on equity of 3,237.31%. The firm had revenue of $249.70 million for the quarter. During the same quarter in the previous year, the business earned $0.44 EPS. The company’s quarterly revenue was up 10.1% on a year-over-year basis.

A number of research analysts recently weighed in on SYNT shares. Wells Fargo & Co lowered shares of Syntel from a “market perform” rating to an “underperform” rating in a report on Wednesday, June 20th. They noted that the move was a valuation call. Loop Capital lowered shares of Syntel from a “buy” rating to a “hold” rating in a report on Monday, July 23rd. TheStreet raised shares of Syntel from a “c+” rating to a “b-” rating in a report on Wednesday, May 23rd. Zacks Investment Research raised shares of Syntel from a “hold” rating to a “strong-buy” rating and set a $41.00 target price for the company in a report on Tuesday, July 10th. Finally, Wellington Shields lowered shares of Syntel from a “gradually accumulate” rating to a “hold” rating in a report on Wednesday, June 6th. Two investment analysts have rated the stock with a sell rating, ten have assigned a hold rating, two have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. The stock has a consensus rating of “Hold” and an average price target of $29.00.

Shares of SYNT stock traded up $0.01 on Friday, reaching $40.73. The company’s stock had a trading volume of 55,268 shares, compared to its average volume of 610,226. Syntel has a 1 year low of $17.96 and a 1 year high of $40.89. The company has a debt-to-equity ratio of 3.70, a quick ratio of 1.96 and a current ratio of 1.96. The firm has a market cap of $3.38 billion, a PE ratio of 20.16, a price-to-earnings-growth ratio of 2.06 and a beta of 0.80.

In other Syntel news, insider Murlidhar Reddy sold 4,000 shares of Syntel stock in a transaction on Monday, June 11th. The shares were sold at an average price of $33.18, for a total transaction of $132,720.00. Following the completion of the transaction, the insider now directly owns 36,889 shares of the company’s stock, valued at $1,223,977.02. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. 58.10% of the stock is owned by insiders.

A number of hedge funds and other institutional investors have recently bought and sold shares of the business. SP Asset Management purchased a new position in Syntel during the second quarter worth $406,000. Bank of New York Mellon Corp boosted its stake in Syntel by 46.5% during the second quarter. Bank of New York Mellon Corp now owns 441,769 shares of the information technology services provider’s stock worth $14,176,000 after buying an additional 140,212 shares during the period. Schroder Investment Management Group boosted its stake in Syntel by 14.8% during the second quarter. Schroder Investment Management Group now owns 1,224,935 shares of the information technology services provider’s stock worth $39,174,000 after buying an additional 158,150 shares during the period. Her Majesty the Queen in Right of the Province of Alberta as represented by Alberta Investment Management Corp boosted its stake in Syntel by 113.7% during the second quarter. Her Majesty the Queen in Right of the Province of Alberta as represented by Alberta Investment Management Corp now owns 68,611 shares of the information technology services provider’s stock worth $2,202,000 after buying an additional 36,500 shares during the period. Finally, Sensato Investors LLC boosted its stake in Syntel by 55.8% during the second quarter. Sensato Investors LLC now owns 205,487 shares of the information technology services provider’s stock worth $6,594,000 after buying an additional 73,600 shares during the period. 40.78% of the stock is owned by institutional investors.

About Syntel

Syntel, Inc engages in the provision of digital transformation, information technology and knowledge process outsourcing services. It operates through the following segments: Banking and Financial Services; Healthcare and Life Sciences; Insurance; Manufacturing; and Retail, Logistics and Telecom. The Banking and Financial Services segment assists clients in the areas, such as cards and payments, retail banking, wholesale banking, consumer lending, risk management, investment banking, reconciliations, fraud analysis, mobile banking, and compliance and securities services.

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Earnings History and Estimates for Syntel (NASDAQ:SYNT)

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