Wall Street analysts forecast that Syntel, Inc. (NASDAQ:SYNT) will announce sales of $214.93 million for the current fiscal quarter, according to Zacks Investment Research. Six analysts have provided estimates for Syntel’s earnings. The lowest sales estimate is $211.90 million and the highest is $219.83 million. Syntel posted sales of $237.89 million in the same quarter last year, which suggests a negative year-over-year growth rate of 9.7%. The business is scheduled to issue its next earnings report on Thursday, February 15th.

On average, analysts expect that Syntel will report full year sales of $214.93 million for the current fiscal year, with estimates ranging from $896.00 million to $903.85 million. For the next year, analysts anticipate that the business will report sales of $893.44 million per share, with estimates ranging from $880.00 million to $922.84 million. Zacks Investment Research’s sales calculations are an average based on a survey of analysts that cover Syntel.

Syntel (NASDAQ:SYNT) last issued its quarterly earnings results on Tuesday, October 17th. The information technology services provider reported $0.58 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.41 by $0.17. The firm had revenue of $231.34 million for the quarter. Syntel had a net margin of 18.64% and a negative return on equity of 137.94%. The firm’s revenue for the quarter was down 4.1% on a year-over-year basis. During the same quarter last year, the firm posted $0.63 EPS.

A number of research analysts have recently issued reports on the stock. Zacks Investment Research downgraded shares of Syntel from a “buy” rating to a “hold” rating in a research report on Wednesday. William Blair upgraded shares of Syntel from an “underperform” rating to an “outperform” rating in a research report on Tuesday, October 17th. Loop Capital reiterated a “buy” rating and set a $28.00 target price on shares of Syntel in a research report on Wednesday, October 18th. They noted that the move was a valuation call. TheStreet upgraded shares of Syntel from a “d+” rating to a “c” rating in a research report on Tuesday, October 17th. Finally, J P Morgan Chase & Co downgraded shares of Syntel from a “neutral” rating to an “underweight” rating in a research report on Tuesday, December 12th. One investment analyst has rated the stock with a sell rating, seven have assigned a hold rating and five have issued a buy rating to the company. The company has an average rating of “Hold” and a consensus target price of $23.10.

Syntel (SYNT) opened at $25.56 on Thursday. The stock has a market cap of $2,120.00, a P/E ratio of 13.24, a PEG ratio of 1.40 and a beta of 1.11. Syntel has a 1 year low of $15.82 and a 1 year high of $26.33. The company has a debt-to-equity ratio of -5.69, a current ratio of 2.07 and a quick ratio of 2.07.

In related news, insider Daniel M. Moore sold 1,080 shares of the stock in a transaction dated Wednesday, November 15th. The shares were sold at an average price of $24.19, for a total transaction of $26,125.20. Following the completion of the transaction, the insider now owns 22,963 shares in the company, valued at $555,474.97. The transaction was disclosed in a document filed with the SEC, which is available through this link. In the last 90 days, insiders have sold 4,769 shares of company stock valued at $119,266. 61.10% of the stock is owned by company insiders.

Institutional investors and hedge funds have recently bought and sold shares of the stock. Group One Trading L.P. grew its position in Syntel by 52.2% during the third quarter. Group One Trading L.P. now owns 7,287 shares of the information technology services provider’s stock valued at $143,000 after buying an additional 2,498 shares during the period. UBS Asset Management Americas Inc. bought a new position in Syntel during the second quarter valued at about $181,000. Legal & General Group Plc grew its position in Syntel by 8.0% during the second quarter. Legal & General Group Plc now owns 11,916 shares of the information technology services provider’s stock valued at $202,000 after buying an additional 881 shares during the period. PEAK6 Investments L.P. bought a new position in Syntel during the third quarter valued at about $223,000. Finally, Voya Investment Management LLC grew its position in Syntel by 14.7% during the second quarter. Voya Investment Management LLC now owns 16,026 shares of the information technology services provider’s stock valued at $272,000 after buying an additional 2,054 shares during the period. Institutional investors own 36.61% 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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Earnings History and Estimates for Syntel (NASDAQ:SYNT)

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