Syntel Inc. (NASDAQ:SYNT) issued an update on its FY13 earnings guidance on Thursday morning. The company provided earnings per share (EPS) guidance of $4.90-5.00 for the period, compared to the Thomson Reuters consensus estimate of $4.75, Analyst RN reports. The company issued revenue guidance of $810-815 million, compared to the consensus revenue estimate of $812.10 million.
Syntel Inc. (NASDAQ:SYNT) opened at 83.83 on Thursday. Syntel Inc. has a 1-year low of $51.78 and a 1-year high of $85.30. The stock’s 50-day moving average is $78.11 and its 200-day moving average is $69.99. The company has a market cap of $3.514 billion and a P/E ratio of 17.95.
Syntel (NASDAQ:SYNT) last released its earnings data on Thursday, October 17th. The company reported $1.42 earnings per share for the quarter, beating the analysts’ consensus estimate of $1.23 by $0.19. The company had revenue of $209.90 million for the quarter, compared to the consensus estimate of $208.63 million. During the same quarter last year, the company posted $1.23 earnings per share. Syntel’s revenue was up 12.6% compared to the same quarter last year. On average, analysts predict that Syntel Inc. will post $4.74 earnings per share for the current fiscal year.
A number of analysts have recently weighed in on SYNT shares. Analysts at Zacks downgraded shares of Syntel from an outperform rating to a neutral rating in a research note to investors on Tuesday, September 17th. They now have a $79.20 price target on the stock. On a related note, analysts at Susquehanna raised their price target on shares of Syntel from $60.00 to $70.00 in a research note to investors on Monday, July 22nd. They now have a neutral rating on the stock. Finally, analysts at Jefferies Group raised their price target on shares of Syntel from $66.00 to $71.00 in a research note to investors on Friday, July 19th. They now have a hold rating on the stock. Six research analysts have rated the stock with a hold rating and two have given a buy rating to the company’s stock. Syntel currently has a consensus rating of Hold and a consensus price target of $74.03.
Syntel, Inc is a provider of information technology (NASDAQ:SYNT) and knowledge process outsourcing (KPO) services to Global 2000 companies.
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