Syntel, Inc. (NASDAQ:SYNT) – Investment analysts at SunTrust Banks issued their Q1 2019 earnings per share estimates for Syntel in a research note issued on Friday. SunTrust Banks analyst F. Atkins expects that the information technology services provider will earn $0.45 per share for the quarter. SunTrust Banks also issued estimates for Syntel’s Q2 2019 earnings at $0.46 EPS, Q3 2019 earnings at $0.51 EPS and Q4 2019 earnings at $0.51 EPS.
Syntel (NASDAQ:SYNT) last issued its earnings results on Thursday, February 15th. The information technology services provider reported $0.62 earnings per share for the quarter, beating the Zacks’ consensus estimate of $0.39 by $0.23. The business had revenue of $239.81 million during the quarter, compared to analyst estimates of $214.67 million. Syntel had a negative return on equity of 170.67% and a net margin of 18.00%. Syntel’s revenue was up .8% on a year-over-year basis. During the same period in the previous year, the company posted $0.57 EPS.
Several other research analysts have also commented on the company. William Blair reissued a “market perform” rating on shares of Syntel in a research report on Thursday. ValuEngine raised Syntel from a “buy” rating to a “strong-buy” rating in a research report on Saturday. Maxim Group reissued a “hold” rating on shares of Syntel in a research report on Thursday. Zacks Investment Research lowered Syntel from a “hold” rating to a “sell” rating in a research report on Wednesday, January 31st. Finally, BidaskClub lowered Syntel from a “sell” rating to a “strong sell” rating in a research report on Tuesday, January 23rd. Four equities research analysts have rated the stock with a sell rating, seven have issued a hold rating, one has assigned a buy rating and one has assigned a strong buy rating to the company. The company presently has a consensus rating of “Hold” and a consensus price target of $23.00.
Shares of Syntel (NASDAQ:SYNT) opened at $26.87 on Monday. The firm has a market capitalization of $2,226.28, a price-to-earnings ratio of 13.24, a price-to-earnings-growth ratio of 1.45 and a beta of 1.01. The company has a current ratio of 2.07, a quick ratio of 2.07 and a debt-to-equity ratio of -5.69. Syntel has a 1 year low of $15.82 and a 1 year high of $27.16.
Several institutional investors and hedge funds have recently added to or reduced their stakes in the company. Ladenburg Thalmann Financial Services Inc. increased its position in Syntel by 1,208.5% during the 4th quarter. Ladenburg Thalmann Financial Services Inc. now owns 5,679 shares of the information technology services provider’s stock valued at $130,000 after buying an additional 5,245 shares in the last quarter. Group One Trading L.P. increased its position in Syntel by 52.2% during the 3rd 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 in the last quarter. SG Americas Securities LLC acquired a new position in Syntel during the 4th quarter valued at about $144,000. UBS Asset Management Americas Inc. acquired a new position in Syntel during the 2nd quarter valued at about $181,000. Finally, Comerica Bank acquired a new position in Syntel during the 4th quarter valued at about $213,000. 40.63% of the stock is owned by hedge funds and other institutional investors.
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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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