Synaptics (NASDAQ:SYNA) is scheduled to be releasing its earnings data after the market closes on Thursday, November 8th. Analysts expect Synaptics to post earnings of $0.75 per share for the quarter.
Synaptics (NASDAQ:SYNA) last posted its quarterly earnings results on Thursday, August 9th. The software maker reported $1.00 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.91 by $0.09. Synaptics had a negative net margin of 7.61% and a positive return on equity of 11.07%. The firm had revenue of $388.50 million for the quarter, compared to analyst estimates of $391.75 million. During the same period in the prior year, the firm posted $1.18 earnings per share. The company’s quarterly revenue was down 8.9% compared to the same quarter last year. On average, analysts expect Synaptics to post $3 EPS for the current fiscal year and $3 EPS for the next fiscal year.
NASDAQ SYNA opened at $37.28 on Tuesday. The company has a debt-to-equity ratio of 0.62, a quick ratio of 2.14 and a current ratio of 2.61. Synaptics has a 1 year low of $34.54 and a 1 year high of $55.25. The firm has a market cap of $1.33 billion, a price-to-earnings ratio of 18.83, a PEG ratio of 1.31 and a beta of 0.94.
Several research firms have issued reports on SYNA. Craig Hallum raised shares of Synaptics from a “hold” rating to a “buy” rating and set a $51.00 price target on the stock in a research report on Wednesday, August 1st. BMO Capital Markets upped their price target on shares of Synaptics from $39.00 to $44.00 and gave the stock a “market perform” rating in a research report on Friday, August 10th. JPMorgan Chase & Co. upped their price target on shares of Synaptics from $52.00 to $55.00 and gave the stock a “buy” rating in a research report on Friday, August 10th. Needham & Company LLC increased their price objective on shares of Synaptics from $52.00 to $58.00 and gave the company a “buy” rating in a research report on Friday, August 10th. Finally, ValuEngine lowered shares of Synaptics from a “hold” rating to a “sell” rating in a research report on Thursday, August 2nd. Two investment analysts have rated the stock with a sell rating, six have given a hold rating and seven have issued a buy rating to the company. The company currently has a consensus rating of “Hold” and a consensus target price of $52.36.
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Synaptics Incorporated develops, markets, and sells intuitive human interface solutions for electronic devices and products worldwide. The company offers its products and solutions for smartphones, tablets, and touchscreen applications, as well as mobile, handheld, wireless, and entertainment devices; notebook applications; and other personal computer (PC) product applications.
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