News coverage about Sykes Enterprises, (NASDAQ:SYKE) has trended somewhat positive recently, Accern Sentiment Analysis reports. The research firm identifies negative and positive media coverage by analyzing more than 20 million blog and news sources in real time. Accern ranks coverage of companies on a scale of negative one to one, with scores nearest to one being the most favorable. Sykes Enterprises, earned a news sentiment score of 0.24 on Accern’s scale. Accern also gave media headlines about the information technology services provider an impact score of 46.4482288884836 out of 100, indicating that recent media coverage is somewhat unlikely to have an effect on the stock’s share price in the near future.
Sykes Enterprises, (NASDAQ SYKE) traded down 0.69% during mid-day trading on Thursday, reaching $28.85. 111,634 shares of the company’s stock were exchanged. Sykes Enterprises, has a one year low of $25.77 and a one year high of $34.49. The firm has a market capitalization of $1.21 billion, a P/E ratio of 18.14 and a beta of 0.84. The company’s 50-day moving average is $28.49 and its 200 day moving average is $30.57.
Sykes Enterprises, (NASDAQ:SYKE) last posted its earnings results on Monday, August 7th. The information technology services provider reported $0.37 EPS for the quarter, topping the Zacks’ consensus estimate of $0.32 by $0.05. The company had revenue of $375.40 million for the quarter, compared to the consensus estimate of $376.83 million. Sykes Enterprises, had a return on equity of 4.68% and a net margin of 2.36%. Sykes Enterprises,’s quarterly revenue was up 3.0% compared to the same quarter last year. During the same period in the previous year, the business earned $0.36 earnings per share. Equities analysts predict that Sykes Enterprises, will post $1.80 earnings per share for the current fiscal year.
A number of equities research analysts have recently issued reports on SYKE shares. SunTrust Banks, Inc. reissued a “buy” rating and set a $34.00 price target on shares of Sykes Enterprises, in a research report on Monday, October 9th. Zacks Investment Research raised shares of Sykes Enterprises, from a “hold” rating to a “buy” rating and set a $37.00 price target for the company in a research report on Thursday, July 13th. Finally, Robert W. Baird reissued a “hold” rating and set a $29.00 price target on shares of Sykes Enterprises, in a research report on Sunday, September 17th.
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In other news, CEO Charles E. Sykes sold 20,000 shares of the company’s stock in a transaction on Wednesday, August 30th. The stock was sold at an average price of $26.27, for a total value of $525,400.00. Following the sale, the chief executive officer now directly owns 337,999 shares in the company, valued at $8,879,233.73. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. 2.70% of the stock is owned by corporate insiders.
About Sykes Enterprises,
Sykes Enterprises, Incorporated is engaged in providing outsourced customer contact management solutions and services in the business process outsourcing (BPO) arena on a global basis. The Company has operations in two segments: the Americas, which includes the United States, Canada, Latin America, Australia and the Asia Pacific Rim, and EMEA, which includes Europe, the Middle East and Africa.
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