Zacks: Brokerages Anticipate Synlogic (SYBX) Will Announce Quarterly Sales of $210,000.00

Equities analysts expect that Synlogic (NASDAQ:SYBX) will report $210,000.00 in sales for the current quarter, Zacks reports. Four analysts have issued estimates for Synlogic’s earnings, with estimates ranging from $100,000.00 to $500,000.00. The business is scheduled to issue its next earnings results on Tuesday, May 8th.

According to Zacks, analysts expect that Synlogic will report full-year sales of $820,000.00 for the current fiscal year, with estimates ranging from $400,000.00 to $2.00 million. For the next financial year, analysts expect that the firm will report sales of $1.12 million per share, with estimates ranging from $400,000.00 to $3.20 million. Zacks’ sales averages are an average based on a survey of analysts that follow Synlogic.

Synlogic (NASDAQ:SYBX) last posted its quarterly earnings data on Tuesday, March 20th. The biotechnology company reported ($0.74) earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of ($0.81) by $0.07. The firm had revenue of $0.11 million during the quarter, compared to analysts’ expectations of $0.11 million.



Several equities research analysts recently issued reports on the company. Piper Jaffray assumed coverage on Synlogic in a report on Monday, January 29th. They issued an “overweight” rating and a $16.00 price objective on the stock. Zacks Investment Research upgraded Synlogic from a “sell” rating to a “hold” rating in a report on Saturday, January 20th. HC Wainwright set a $20.00 price objective on Synlogic and gave the company a “buy” rating in a report on Wednesday, April 4th. Finally, ValuEngine downgraded Synlogic from a “sell” rating to a “strong sell” rating in a report on Friday, February 2nd. Two investment analysts have rated the stock with a sell rating and four have issued a buy rating to the company’s stock. Synlogic has an average rating of “Hold” and an average price target of $20.00.

Several hedge funds have recently bought and sold shares of SYBX. Spark Investment Management LLC purchased a new stake in Synlogic during the 4th quarter worth about $105,000. Deutsche Bank AG increased its holdings in Synlogic by 204.0% during the 4th quarter. Deutsche Bank AG now owns 19,672 shares of the biotechnology company’s stock worth $190,000 after purchasing an additional 13,200 shares during the period. Renaissance Technologies LLC purchased a new stake in Synlogic during the 4th quarter worth about $191,000. Finally, Artal Group S.A. purchased a new stake in Synlogic during the 4th quarter worth about $5,335,000. Hedge funds and other institutional investors own 48.97% of the company’s stock.

SYBX stock opened at $11.46 on Friday. The company has a current ratio of 9.82, a quick ratio of 9.82 and a debt-to-equity ratio of 0.01. The firm has a market capitalization of $221.34, a P/E ratio of -1.95 and a beta of 2.22. Synlogic has a 12-month low of $8.76 and a 12-month high of $23.00.

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Synlogic Company Profile

Synlogic, Inc develops synthetic biotic medicines for the treatment of patients with urea cycle disorder and phenylketonuria. The company is based in Cambridge, Massachusetts.

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Earnings History and Estimates for Synlogic (NASDAQ:SYBX)

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