Brokerages expect Sykes Enterprises, Incorporated (NASDAQ:SYKE) to post earnings of $0.56 per share for the current quarter, Zacks reports. Four analysts have provided estimates for Sykes Enterprises’ earnings. The highest EPS estimate is $0.57 and the lowest is $0.56. Sykes Enterprises reported earnings per share of $0.62 in the same quarter last year, which indicates a negative year over year growth rate of 9.7%. The firm is scheduled to issue its next quarterly earnings results after the market closes on Monday, November 5th.
On average, 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 fiscal year, analysts forecast that the business will post earnings of $2.28 per share, with EPS estimates ranging from $2.25 to $2.30. Zacks’ EPS calculations are an average based on a survey of sell-side research analysts that follow Sykes Enterprises.
Sykes Enterprises (NASDAQ:SYKE) last announced its quarterly earnings results on Monday, August 6th. The information technology services provider reported $0.42 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.33 by $0.09. The company had revenue of $396.80 million for the quarter, compared to analyst estimates of $402.95 million. Sykes Enterprises had a net margin of 1.39% and a return on equity of 10.28%. The firm’s revenue was up 5.7% on a year-over-year basis. During the same period in the previous year, the firm posted $0.21 EPS.
Several brokerages recently issued reports on SYKE. BidaskClub raised shares of Sykes Enterprises from a “hold” rating to a “buy” rating in a report on Tuesday, September 18th. TheStreet lowered shares of Sykes Enterprises from a “b-” rating to a “c+” rating in a report on Tuesday, August 21st. Barrington Research reaffirmed a “hold” rating on shares of Sykes Enterprises in a report on Friday, October 5th. SunTrust Banks reissued a “buy” rating and set a $36.00 target price on shares of Sykes Enterprises in a report on Friday, July 27th. Finally, ValuEngine raised shares of Sykes Enterprises from a “sell” rating to a “hold” rating in a report on Wednesday, August 8th. Four equities research analysts have rated the stock with a hold rating and two have assigned a buy rating to the company. The company presently has a consensus rating of “Hold” and a consensus price target of $31.67.
In other Sykes Enterprises news, VP James T. Holder sold 8,300 shares of the business’s stock in a transaction that occurred on Tuesday, August 28th. The shares were sold at an average price of $30.05, for a total transaction of $249,415.00. Following the sale, the vice president now directly owns 19,706 shares of the company’s stock, valued at approximately $592,165.30. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Insiders own 2.90% of the company’s stock.
A number of institutional investors and hedge funds have recently bought and sold shares of the business. Rhumbline Advisers boosted its stake in shares of Sykes Enterprises by 2.2% in the 2nd quarter. Rhumbline Advisers now owns 98,732 shares of the information technology services provider’s stock valued at $2,842,000 after purchasing an additional 2,152 shares during the last quarter. Foundry Partners LLC boosted its stake in shares of Sykes Enterprises by 1.8% in the 3rd quarter. Foundry Partners LLC now owns 209,819 shares of the information technology services provider’s stock valued at $6,397,000 after purchasing an additional 3,735 shares during the last quarter. United Services Automobile Association boosted its stake in shares of Sykes Enterprises by 37.9% in the 2nd quarter. United Services Automobile Association now owns 13,698 shares of the information technology services provider’s stock valued at $394,000 after purchasing an additional 3,765 shares during the last quarter. Legal & General Group Plc boosted its stake in shares of Sykes Enterprises by 5.0% in the 2nd quarter. Legal & General Group Plc now owns 84,719 shares of the information technology services provider’s stock valued at $2,448,000 after purchasing an additional 4,017 shares during the last quarter. Finally, Robeco Institutional Asset Management B.V. bought a new stake in shares of Sykes Enterprises in the 2nd quarter valued at $124,000. 87.34% of the stock is currently owned by hedge funds and other institutional investors.
Shares of Sykes Enterprises stock traded down $0.14 during midday trading on Thursday, hitting $29.80. 98,800 shares of the company traded hands, compared to its average volume of 134,200. The firm has a market capitalization of $1.31 billion, a PE ratio of 14.82, a price-to-earnings-growth ratio of 1.47 and a beta of 0.74. 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 12 month low of $25.90 and a 12 month high of $32.15.
Sykes Enterprises Company Profile
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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