$0.70 EPS Expected for Syneos Health Inc (NASDAQ:SYNH) This Quarter

Wall Street analysts forecast that Syneos Health Inc (NASDAQ:SYNH) will report earnings per share of $0.70 for the current quarter, according to Zacks Investment Research. Six analysts have made estimates for Syneos Health’s earnings, with the highest EPS estimate coming in at $0.71 and the lowest estimate coming in at $0.68. Syneos Health reported earnings per share of $0.62 in the same quarter last year, which would suggest a positive year-over-year growth rate of 12.9%. The business is scheduled to report its next earnings report before the market opens on Tuesday, August 6th.

On average, analysts expect that Syneos Health will report full-year earnings of $3.12 per share for the current fiscal year, with EPS estimates ranging from $3.07 to $3.14. For the next fiscal year, analysts expect that the company will report earnings of $3.59 per share, with EPS estimates ranging from $3.50 to $3.76. Zacks Investment Research’s earnings per share calculations are an average based on a survey of sell-side research analysts that that provide coverage for Syneos Health.

Syneos Health (NASDAQ:SYNH) last issued its earnings results on Thursday, May 9th. The company reported $0.59 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $0.51 by $0.08. The business had revenue of $1.12 billion during the quarter, compared to analysts’ expectations of $1.09 billion. Syneos Health had a return on equity of 9.55% and a net margin of 0.42%. Syneos Health’s revenue was up 5.8% compared to the same quarter last year. During the same quarter last year, the firm posted $0.55 earnings per share.

Several analysts have recently commented on the company. Wolfe Research assumed coverage on Iqvia in a research report on Tuesday, April 2nd. They issued a “market perform” rating for the company. ValuEngine raised Yandex from a “hold” rating to a “buy” rating in a research report on Saturday, April 13th. Barclays set a $24.00 target price on Tenet Healthcare and gave the stock a “hold” rating in a research report on Wednesday, April 17th. Finally, Zacks Investment Research cut Hammerson from a “hold” rating to a “sell” rating in a research report on Friday, May 24th. Six equities research analysts have rated the stock with a hold rating and six have issued a buy rating to the company. The company currently has a consensus rating of “Buy” and an average target price of $53.33.

Institutional investors and hedge funds have recently added to or reduced their stakes in the stock. First Trust Advisors LP lifted its stake in Syneos Health by 51.5% in the fourth quarter. First Trust Advisors LP now owns 12,233 shares of the company’s stock worth $481,000 after acquiring an additional 4,160 shares during the period. LPL Financial LLC lifted its stake in Syneos Health by 9.1% in the fourth quarter. LPL Financial LLC now owns 9,762 shares of the company’s stock worth $384,000 after acquiring an additional 812 shares during the period. PNC Financial Services Group Inc. lifted its stake in Syneos Health by 6.4% in the fourth quarter. PNC Financial Services Group Inc. now owns 3,554 shares of the company’s stock worth $141,000 after acquiring an additional 214 shares during the period. Advisor Group Inc. lifted its stake in Syneos Health by 20.6% in the fourth quarter. Advisor Group Inc. now owns 5,231 shares of the company’s stock worth $206,000 after acquiring an additional 895 shares during the period. Finally, Bessemer Group Inc. purchased a new stake in Syneos Health in the fourth quarter worth about $59,000.

Shares of Syneos Health stock traded up $2.92 during midday trading on Tuesday, hitting $52.25. The company’s stock had a trading volume of 379,988 shares, compared to its average volume of 645,179. The stock has a market cap of $5.12 billion, a price-to-earnings ratio of 19.94, a P/E/G ratio of 1.76 and a beta of 1.53. The company’s 50-day simple moving average is $49.14. The company has a debt-to-equity ratio of 1.07, a current ratio of 1.02 and a quick ratio of 1.02. Syneos Health has a 1-year low of $36.26 and a 1-year high of $56.34.

About Syneos Health

Syneos Health, Inc operates as an integrated biopharmaceutical solutions company in North America, Europe, the Middle East, Africa, the Asia-Pacific, and Latin America. It operates through two segments, Clinical Solutions and Commercial Solutions. The Clinical Solutions segment offers various clinical development services spanning Phase I to Phase IV, including full-service global studies, as well as clinical monitoring, investigator recruitment, patient recruitment, data management, and study startup to assist customers with drug development process.

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Earnings History and Estimates for Syneos Health (NASDAQ:SYNH)

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