Synaptics (SYNA) to Release Quarterly Earnings on Thursday

Synaptics (NASDAQ:SYNA) is scheduled to release its earnings data after the market closes on Thursday, August 8th. Analysts expect Synaptics to post earnings of $0.55 per share for the quarter. Synaptics has set its Q4 2024 guidance at EPS.Parties that wish to listen to the company’s conference call can do so using this link.

Synaptics (NASDAQ:SYNA) last announced its earnings results on Thursday, May 9th. The software maker reported $0.53 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.49 by $0.04. Synaptics had a negative net margin of 11.30% and a negative return on equity of 0.90%. The firm had revenue of $237.30 million for the quarter, compared to analyst estimates of $235.17 million. During the same quarter in the prior year, the business posted $1.14 EPS. The business’s revenue was down 27.3% compared to the same quarter last year. On average, analysts expect Synaptics to post $0 EPS for the current fiscal year and $1 EPS for the next fiscal year.

Synaptics Stock Down 0.4 %

NASDAQ SYNA opened at $71.96 on Wednesday. The company has a market cap of $2.84 billion, a price-to-earnings ratio of -26.55 and a beta of 1.47. Synaptics has a 1-year low of $70.23 and a 1-year high of $121.37. The company has a current ratio of 5.32, a quick ratio of 4.78 and a debt-to-equity ratio of 0.78. The company has a 50 day moving average of $89.17 and a 200-day moving average of $94.95.

Wall Street Analyst Weigh In

A number of research firms have recently weighed in on SYNA. KeyCorp cut their target price on Synaptics from $135.00 to $115.00 and set an “overweight” rating for the company in a research report on Friday, May 10th. Needham & Company LLC reduced their price objective on shares of Synaptics from $125.00 to $110.00 and set a “buy” rating on the stock in a research note on Friday, May 10th. Wells Fargo & Company dropped their target price on shares of Synaptics from $115.00 to $95.00 and set an “equal weight” rating for the company in a research report on Friday, May 10th. Finally, TD Cowen cut their target price on Synaptics from $135.00 to $115.00 and set a “buy” rating for the company in a research note on Friday, May 10th. Three research analysts have rated the stock with a hold rating and seven have given a buy rating to the company. According to data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average target price of $117.67.

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.