Syneos Health (SYNH) Set to Announce Earnings on Tuesday

Syneos Health (NASDAQ:SYNH) will post its quarterly earnings results before the market opens on Tuesday, November 6th. Analysts expect Syneos Health to post earnings of $0.60 per share for the quarter. Syneos Health has set its FY18 guidance at $2.84-3.10 EPS.Parties that wish to register for the company’s conference call can do so using this link.

Syneos Health (NASDAQ:SYNH) last released its quarterly earnings data on Thursday, August 2nd. The company reported $0.62 earnings per share for the quarter, topping the Thomson Reuters’ 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 firm had revenue of $1.07 billion for the quarter, compared to the consensus estimate of $1.09 billion. The business’s 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.

SYNH opened at $44.67 on Tuesday. The company has a debt-to-equity ratio of 1.01, a quick ratio of 1.04 and a current ratio of 1.04. Syneos Health has a 1-year low of $31.10 and a 1-year high of $59.45. The firm has a market cap of $4.62 billion, a price-to-earnings ratio of 23.03, a price-to-earnings-growth ratio of 1.06 and a beta of 0.81.

SYNH has been the topic of several research reports. Evercore ISI initiated coverage on shares of Syneos Health in a report on Thursday, October 4th. They set an “outperform” rating and a $58.00 price objective on the stock. SunTrust Banks reiterated a “buy” rating and set a $60.00 target price on shares of Syneos Health in a research report on Friday, August 3rd. KeyCorp increased their target price on shares of Syneos Health from $54.00 to $59.00 and gave the stock an “overweight” rating in a research report on Friday, August 10th. UBS Group began coverage on shares of Syneos Health in a research report on Tuesday, October 9th. They issued a “buy” rating and a $60.00 price objective for the company. Finally, William Blair upgraded shares of Syneos Health from a “market perform” rating to an “outperform” rating in a research report on Friday, October 19th. Three equities research analysts have rated the stock with a hold rating and twelve have issued a buy rating to the stock. The company presently has an average rating of “Buy” and a consensus target price of $53.91.

In related news, major shareholder H. Lee Equity Fund Vi Thomas sold 6,000,000 shares of the firm’s stock in a transaction that occurred on Thursday, August 9th. The shares were sold at an average price of $49.73, for a total value of $298,380,000.00. The sale was disclosed in a filing with the SEC, which is available through this link. Company insiders own 0.57% of the company’s stock.

Syneos Health Company Profile

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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