Synaptics (NASDAQ:SYNA – Get Free Report) is scheduled to be posting its quarterly earnings results after the market closes on Thursday, May 9th. Analysts expect Synaptics to post earnings of $0.50 per share for the quarter. Synaptics has set its Q3 2024 guidance at EPS.Individual interested in registering for the company’s earnings conference call can do so using this link.
Synaptics (NASDAQ:SYNA – Get Free Report) last released its quarterly earnings data on Thursday, February 8th. The software maker reported $0.57 earnings per share for the quarter, beating the consensus estimate of $0.46 by $0.11. The business had revenue of $237.00 million for the quarter, compared to analyst estimates of $235.26 million. Synaptics had a positive return on equity of 3.01% and a negative net margin of 7.54%. Synaptics’s revenue was down 32.9% compared to the same quarter last year. During the same period last year, the firm posted $1.47 earnings per share. On average, analysts expect Synaptics to post $0 EPS for the current fiscal year and $2 EPS for the next fiscal year.
Synaptics Stock Up 0.3 %
Shares of NASDAQ SYNA opened at $91.47 on Wednesday. The company has a market cap of $3.59 billion, a price-to-earnings ratio of -45.96 and a beta of 1.59. The company has a current ratio of 4.53, a quick ratio of 4.04 and a debt-to-equity ratio of 0.79. Synaptics has a 12 month low of $72.64 and a 12 month high of $121.37. The stock has a 50-day moving average price of $94.77 and a two-hundred day moving average price of $100.88.
Wall Street Analysts Forecast Growth
Get Our Latest Stock Report on Synaptics
Insiders Place Their Bets
In other news, insider Vikram Gupta sold 3,616 shares of the stock in a transaction that occurred on Friday, March 1st. The stock was sold at an average price of $105.75, for a total value of $382,392.00. Following the completion of the sale, the insider now directly owns 31,847 shares of the company’s stock, valued at $3,367,820.25. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. Corporate insiders own 1.20% of the company’s stock.
Synaptics Company Profile
Synaptics Incorporated develops, markets, and sells semiconductor products worldwide. The company offers AudioSmart for voice and audio processing; ConnectSmart for high-speed video/audio/data connectivity; DisplayLink for transmitting compressed video frames across low bandwidth connections; VideoSmart that enables set-top boxes, over-the-top, streaming devices, soundbars, surveillance cameras, and smart displays; and ImagingSmart solutions.
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