Wall Street brokerages predict that Sykes Enterprises, Incorporated (NASDAQ:SYKE) will post $0.56 earnings per share for the current fiscal quarter, Zacks reports. Four analysts have provided estimates for Sykes Enterprises’ earnings, with the lowest EPS estimate coming in at $0.56 and the highest estimate coming in at $0.57. Sykes Enterprises posted earnings of $0.62 per share during the same quarter last year, which would indicate a negative year-over-year growth rate of 9.7%. The business is scheduled to issue its next earnings report on Monday, November 5th.
According to Zacks, analysts expect that Sykes Enterprises will report full-year earnings of $2.07 per share for the current financial year, with EPS estimates ranging from $2.05 to $2.08. For the next year, analysts forecast that the firm will post earnings of $2.28 per share, with EPS estimates ranging from $2.25 to $2.30. Zacks Investment Research’s earnings per share calculations are an average based on a survey of research analysts that follow Sykes Enterprises.
Sykes Enterprises (NASDAQ:SYKE) last issued its earnings results on Monday, August 6th. The information technology services provider reported $0.42 earnings per share for the quarter, topping the consensus estimate of $0.33 by $0.09. Sykes Enterprises had a net margin of 1.39% and a return on equity of 10.28%. The company had revenue of $396.80 million for the quarter, compared to analyst estimates of $402.95 million. During the same period in the prior year, the business posted $0.21 earnings per share. The firm’s revenue for the quarter was up 5.7% compared to the same quarter last year.
SYKE has been the topic of several recent analyst reports. ValuEngine upgraded shares of Sykes Enterprises from a “sell” rating to a “hold” rating in a research report on Wednesday, August 8th. Zacks Investment Research upgraded shares of Sykes Enterprises from a “hold” rating to a “buy” rating and set a $30.00 target price on the stock in a research report on Friday, May 11th. BidaskClub lowered shares of Sykes Enterprises from a “hold” rating to a “sell” rating in a research report on Wednesday, June 13th. SunTrust Banks reiterated a “buy” rating and issued a $36.00 price target on shares of Sykes Enterprises in a research report on Friday, July 27th. Finally, Barrington Research reiterated a “hold” rating on shares of Sykes Enterprises in a research report on Monday, August 6th. Four equities research analysts have rated the stock with a hold rating and two have assigned a buy rating to the company. Sykes Enterprises presently has a consensus rating of “Hold” and a consensus price target of $31.67.
In other news, VP James T. Holder sold 8,300 shares of the stock in a transaction that occurred on Tuesday, August 28th. The shares were sold at an average price of $30.05, for a total value of $249,415.00. Following the sale, the vice president now directly owns 19,706 shares in the company, valued at $592,165.30. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. 2.90% of the stock is owned by corporate insiders.
Several hedge funds have recently added to or reduced their stakes in SYKE. Robeco Institutional Asset Management B.V. acquired a new stake in Sykes Enterprises during the second quarter worth approximately $124,000. Itau Unibanco Holding S.A. acquired a new stake in Sykes Enterprises during the second quarter worth approximately $142,000. First Citizens Bank & Trust Co. acquired a new stake in Sykes Enterprises during the second quarter worth approximately $205,000. Pitcairn Co. acquired a new stake in Sykes Enterprises during the first quarter worth approximately $207,000. Finally, Profund Advisors LLC acquired a new stake in Sykes Enterprises during the first quarter worth approximately $207,000. Institutional investors and hedge funds own 87.67% of the company’s stock.
SYKE traded down $0.32 on Friday, hitting $29.57. 2,255 shares of the company were exchanged, compared to its average volume of 97,677. The company has a current ratio of 2.90, a quick ratio of 2.90 and a debt-to-equity ratio of 0.11. Sykes Enterprises has a fifty-two week low of $25.90 and a fifty-two week high of $32.15. The firm has a market capitalization of $1.29 billion, a P/E ratio of 14.76, a PEG ratio of 1.45 and a beta of 0.75.
About Sykes Enterprises
Sykes Enterprises, Incorporated, together with its subsidiaries, provides multichannel demand generation and global customer engagement services. Its customer care services include handling billing inquiries and claims, activating customer accounts, resolving complaints, cross-selling/up-selling, and prequalifying and warranty management, as well as providing health information and dispatching roadside assistance.
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