Equities research analysts expect that Synaptics Incorporated (NASDAQ:SYNA) will post sales of $371.45 million for the current quarter, Zacks reports. Two analysts have provided estimates for Synaptics’ earnings, with the highest sales estimate coming in at $372.90 million and the lowest estimate coming in at $370.00 million. Synaptics reported sales of $328.40 million during the same quarter last year, which would suggest a positive year over year growth rate of 13.1%. The firm is expected to report its next quarterly earnings report after the market closes on Thursday, November 4th.
On average, analysts expect that Synaptics will report full year sales of $1.52 billion for the current year, with estimates ranging from $1.51 billion to $1.54 billion. For the next fiscal year, analysts expect that the company will report sales of $1.60 billion, with estimates ranging from $1.52 billion to $1.68 billion. Zacks Investment Research’s sales averages are an average based on a survey of sell-side analysts that that provide coverage for Synaptics.
Synaptics (NASDAQ:SYNA) last announced its quarterly earnings data on Thursday, August 5th. The software maker reported $2.18 EPS for the quarter, topping analysts’ consensus estimates of $2.00 by $0.18. Synaptics had a return on equity of 25.78% and a net margin of 5.94%. The business had revenue of $327.80 million during the quarter, compared to analysts’ expectations of $326.00 million. During the same period in the previous year, the firm earned $1.24 earnings per share.
A number of research analysts have issued reports on SYNA shares. KeyCorp boosted their target price on Synaptics from $220.00 to $230.00 and gave the company an “overweight” rating in a research note on Tuesday, October 5th. Susquehanna boosted their target price on Synaptics from $150.00 to $180.00 and gave the company a “positive” rating in a research note on Friday, August 6th. Craig Hallum boosted their target price on Synaptics from $160.00 to…
