Wall Street analysts predict that Syntel, Inc. (NASDAQ:SYNT) will announce $225.82 million in sales for the current fiscal quarter, Zacks reports. Six analysts have made estimates for Syntel’s earnings, with the lowest sales estimate coming in at $214.83 million and the highest estimate coming in at $231.08 million. Syntel reported sales of $225.87 million during the same quarter last year, which would suggest a negative year over year growth rate of 0%. The company is expected to announce its next earnings results on Thursday, April 19th.
According to Zacks, analysts expect that Syntel will report full-year sales of $225.82 million for the current financial year, with estimates ranging from $924.80 million to $948.83 million. For the next financial year, analysts anticipate that the firm will post sales of $955.48 million per share, with estimates ranging from $940.00 million to $984.94 million. Zacks Investment Research’s sales averages are a mean average based on a survey of research firms that follow Syntel.
Syntel (NASDAQ:SYNT) last posted its earnings results on Thursday, February 15th. The information technology services provider reported $0.62 earnings per share for the quarter, topping analysts’ consensus estimates of $0.39 by $0.23. The firm had revenue of $239.81 million for the quarter. Syntel had a net margin of 18.00% and a negative return on equity of 218.07%. The business’s quarterly revenue was up .8% compared to the same quarter last year. During the same period in the previous year, the firm posted $0.57 EPS.
Shares of Syntel (NASDAQ SYNT) opened at $27.27 on Thursday. The firm has a market cap of $2,274.07, a price-to-earnings ratio of 13.70, a price-to-earnings-growth ratio of 1.97 and a beta of 0.76. Syntel has a one year low of $15.82 and a one year high of $27.72. The company has a debt-to-equity ratio of -25.89, a quick ratio of 2.17 and a current ratio of 2.17.
In other news, insider Daniel M. Moore sold 2,000 shares of Syntel stock in a transaction on Thursday, March 1st. The shares were sold at an average price of $26.69, for a total transaction of $53,380.00. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, Chairman Prashant Ranade sold 50,000 shares of Syntel stock in a transaction on Wednesday, February 21st. The stock was sold at an average price of $27.18, for a total transaction of $1,359,000.00. Following the transaction, the chairman now owns 257,933 shares in the company, valued at approximately $7,010,618.94. The disclosure for this sale can be found here. In the last quarter, insiders have sold 53,833 shares of company stock worth $1,461,209. 61.10% of the stock is owned by company insiders.
Several large investors have recently modified their holdings of the company. BlackRock Inc. lifted its holdings in shares of Syntel by 3.3% during the fourth quarter. BlackRock Inc. now owns 2,203,060 shares of the information technology services provider’s stock worth $50,648,000 after purchasing an additional 71,222 shares during the period. Fuller & Thaler Asset Management Inc. lifted its holdings in shares of Syntel by 0.5% during the fourth quarter. Fuller & Thaler Asset Management Inc. now owns 1,618,996 shares of the information technology services provider’s stock worth $37,221,000 after purchasing an additional 7,557 shares during the period. Dimensional Fund Advisors LP lifted its holdings in Syntel by 19.5% in the third quarter. Dimensional Fund Advisors LP now owns 1,103,778 shares of the information technology services provider’s stock valued at $21,689,000 after buying an additional 180,347 shares during the period. State Street Corp lifted its holdings in Syntel by 6.6% in the second quarter. State Street Corp now owns 660,670 shares of the information technology services provider’s stock valued at $11,207,000 after buying an additional 40,952 shares during the period. Finally, ARGA Investment Management LP lifted its holdings in Syntel by 123.0% in the fourth quarter. ARGA Investment Management LP now owns 564,475 shares of the information technology services provider’s stock valued at $12,977,000 after buying an additional 311,375 shares during the period. Institutional investors own 40.43% of the company’s stock.
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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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