Syneos Health Inc (NASDAQ:SYNH) – Stock analysts at William Blair issued their Q1 2019 EPS estimates for Syneos Health in a research report issued on Tuesday, March 19th, Zacks Investment Research reports. William Blair analyst J. Kreger expects that the company will earn $0.50 per share for the quarter. William Blair currently has a “Outperform” rating on the stock. William Blair also issued estimates for Syneos Health’s Q2 2019 earnings at $0.62 EPS, Q3 2019 earnings at $0.76 EPS, Q4 2019 earnings at $0.84 EPS, FY2019 earnings at $2.72 EPS, Q1 2020 earnings at $0.72 EPS, Q2 2020 earnings at $0.75 EPS, FY2020 earnings at $3.13 EPS and FY2021 earnings at $3.54 EPS.
Several other analysts have also issued reports on SYNH. ValuEngine lowered shares of Syneos Health from a “buy” rating to a “hold” rating in a research report on Saturday. Wolfe Research initiated coverage on shares of Syneos Health in a research report on Tuesday, April 2nd. They issued a “market perform” rating for the company. Zacks Investment Research lowered shares of Syneos Health from a “buy” rating to a “hold” rating in a research report on Saturday, December 29th. Credit Suisse Group upped their price target on shares of Syneos Health from $49.00 to $51.00 and gave the stock an “outperform” rating in a research report on Tuesday, March 19th. Finally, Barclays dropped their price target on shares of Syneos Health from $51.00 to $45.00 and set an “equal weight” rating for the company in a research report on Thursday, January 3rd. Six equities research analysts have rated the stock with a hold rating and seven have given a buy rating to the company’s stock. The company currently has a consensus rating of “Buy” and a consensus price target of $52.70.
Syneos Health (NASDAQ:SYNH) last announced its earnings results on Monday, March 18th. The company reported $0.89 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.73 by $0.16. The company had revenue of $1.15 billion during the quarter, compared to analyst estimates of $1.15 billion. Syneos Health had a net margin of 0.55% and a return on equity of 9.60%. The firm’s quarterly revenue was up 6.4% compared to the same quarter last year. During the same period in the previous year, the business posted $0.70 earnings per share.
Several hedge funds have recently added to or reduced their stakes in SYNH. Enlightenment Research LLC purchased a new stake in Syneos Health during the fourth quarter valued at $51,000. NumerixS Investment Technologies Inc purchased a new stake in Syneos Health during the fourth quarter valued at $57,000. Bessemer Group Inc. purchased a new stake in Syneos Health during the fourth quarter valued at $59,000. Oppenheimer Asset Management Inc. purchased a new stake in Syneos Health during the fourth quarter valued at $66,000. Finally, Private Capital Group LLC raised its stake in Syneos Health by 79.7% during the fourth quarter. Private Capital Group LLC now owns 1,824 shares of the company’s stock valued at $72,000 after purchasing an additional 809 shares in the last quarter.
In other news, CEO Alistair Macdonald sold 6,697 shares of the business’s stock in a transaction on Tuesday, February 5th. The shares were sold at an average price of $53.04, for a total value of $355,208.88. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. 0.57% of the stock is currently owned by insiders.
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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