Synacor, Inc. (SYNC) to Release Earnings on Monday
Synacor, Inc. (NASDAQ:SYNC) is scheduled to release its earnings data after the market closes on Monday, November 13th. Analysts expect Synacor to post earnings of ($0.05) per share for the quarter.
Synacor (NASDAQ:SYNC) last announced its quarterly earnings data on Wednesday, August 9th. The information services provider reported ($0.09) earnings per share for the quarter, topping the Zacks’ consensus estimate of ($0.11) by $0.02. Synacor had a negative return on equity of 39.21% and a negative net margin of 13.14%. The firm had revenue of $31.22 million for the quarter, compared to analyst estimates of $29.43 million. The company’s quarterly revenue was up 2.4% compared to the same quarter last year. On average, analysts expect Synacor to post $0 EPS for the current fiscal year and $0 EPS for the next fiscal year.
Synacor, Inc. (SYNC) opened at $2.45 on Monday. Synacor, Inc. has a twelve month low of $1.96 and a twelve month high of $4.25. The company has a quick ratio of 1.23, a current ratio of 1.23 and a debt-to-equity ratio of 0.06.
An institutional investor recently raised its position in Synacor stock. Northern Trust Corp raised its position in Synacor, Inc. (NASDAQ:SYNC) by 27.5% during the 2nd quarter, according to its most recent disclosure with the SEC. The fund owned 59,744 shares of the information services provider’s stock after purchasing an additional 12,875 shares during the period. Northern Trust Corp owned about 0.16% of Synacor worth $218,000 at the end of the most recent reporting period. 31.33% of the stock is owned by institutional investors.
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Several analysts have weighed in on the company. Zacks Investment Research raised Synacor from a “sell” rating to a “hold” rating in a report on Wednesday, October 18th. Canaccord Genuity lowered their target price on Synacor from $8.00 to $6.00 and set a “buy” rating on the stock in a report on Thursday, August 10th. ValuEngine raised Synacor from a “sell” rating to a “hold” rating in a report on Monday, September 11th. Finally, Craig Hallum lowered Synacor from a “buy” rating to a “hold” rating and upped their target price for the company from $3.55 to $4.00 in a report on Thursday, August 10th. Two research analysts have rated the stock with a sell rating, two have issued a hold rating and three have issued a buy rating to the company’s stock. Synacor currently has an average rating of “Hold” and an average target price of $5.25.
Synacor Company Profile
Synacor, Inc is a technology development, multiplatform services and revenue partner for video, Internet and communications providers, device manufacturers and enterprises. The Company enables its customers to provide their consumers engaging, multiscreen experiences with products that require scale, actionable data and implementation.
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