Syneos Health (SYNH) Set to Announce Earnings on Tuesday

Syneos Health (NASDAQ:SYNH) is scheduled to announce its earnings results before the market opens on Tuesday, November 6th. Analysts expect the company to announce earnings of $0.60 per share for the quarter. Investors interested in registering for the company’s conference call can do so using this link.

Syneos Health (NASDAQ:SYNH) last issued its earnings results on Thursday, August 2nd. The company reported $0.62 EPS for the quarter, beating the Zacks’ consensus estimate of $0.61 by $0.01. Syneos Health had a negative net margin of 4.32% and a positive return on equity of 7.80%. The business had revenue of $1.07 billion for the quarter, compared to the consensus estimate of $1.09 billion. The business’s quarterly revenue was up 315.5% on a year-over-year basis. On average, analysts expect Syneos Health to post $2 EPS for the current fiscal year and $3 EPS for the next fiscal year.

Shares of SYNH stock opened at $46.50 on Monday. Syneos Health has a 52 week low of $31.10 and a 52 week high of $59.45. The company has a current ratio of 1.04, a quick ratio of 1.04 and a debt-to-equity ratio of 1.01. The firm has a market capitalization of $4.78 billion, a PE ratio of 23.97, a price-to-earnings-growth ratio of 1.10 and a beta of 0.94.

In related news, major shareholder H. Lee Equity Fund Vi Thomas sold 6,000,000 shares of Syneos Health stock in a transaction on Thursday, August 9th. The shares were sold at an average price of $49.73, for a total transaction of $298,380,000.00. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. Insiders own 0.57% of the company’s stock.

A number of equities analysts have recently commented on SYNH shares. UBS Group started coverage on shares of Syneos Health in a research note on Tuesday, October 9th. They issued a “buy” rating and a $60.00 target price on the stock. SunTrust Banks reissued a “buy” rating and issued a $60.00 target price on shares of Syneos Health in a research note on Friday, August 3rd. Mizuho reissued a “hold” rating and issued a $51.00 target price on shares of Syneos Health in a research note on Monday, August 6th. Barclays reissued a “hold” rating and issued a $51.00 target price (up previously from $43.00) on shares of Syneos Health in a research note on Friday, August 3rd. Finally, ValuEngine raised shares of Syneos Health from a “sell” rating to a “hold” rating in a research note on Saturday, September 22nd. Three equities research analysts have rated the stock with a hold rating and twelve have issued a buy rating to the company. The company currently has an average rating of “Buy” and an average price target of $53.91.

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 unbundled service offerings, such 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 for Syneos Health (NASDAQ:SYNH)

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