Syntel (SYNT) Updates FY18 Earnings Guidance

Syntel (NASDAQ:SYNT) issued an update on its FY18 earnings guidance on Thursday morning. The company provided earnings per share guidance of $1.72-1.92 for the period, compared to the Thomson Reuters consensus earnings per share estimate of $1.80. The company issued revenue guidance of $905-950 million, compared to the consensus revenue estimate of $892.14 million.

Shares of Syntel (NASDAQ SYNT) opened at $21.91 on Thursday. The firm has a market cap of $1,794.62, a price-to-earnings ratio of 10.94, a P/E/G ratio of 1.19 and a beta of 1.01. The company has a debt-to-equity ratio of -5.69, a quick ratio of 2.07 and a current ratio of 2.07. Syntel has a 52 week low of $15.82 and a 52 week high of $26.33.

A number of analysts recently weighed in on SYNT shares. Wells Fargo & Co cut shares of Syntel from a market perform rating to an underperform rating and decreased their price target for the stock from $24.16 to $21.00 in a research note on Friday, December 29th. ValuEngine upgraded shares of Syntel from a hold rating to a buy rating in a research note on Thursday, November 9th. Zacks Investment Research upgraded shares of Syntel from a hold rating to a buy rating and set a $27.00 price target for the company in a research note on Friday, October 20th. JPMorgan Chase & Co. cut shares of Syntel from a neutral rating to an underweight rating in a research note on Tuesday, December 12th. Finally, Cowen reiterated a hold rating and set a $20.00 price target on shares of Syntel in a research note on Thursday, October 19th. Four investment analysts have rated the stock with a sell rating, seven have issued a hold rating and three have given a buy rating to the company. Syntel has an average rating of Hold and an average price target of $23.31.

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About Syntel

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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