Sykes Enterprises (SYKE) Releases Earnings Results, Beats Estimates By $0.03 EPS

Sykes Enterprises (NASDAQ:SYKE) posted its quarterly earnings data on Monday. The information technology services provider reported $0.59 EPS for the quarter, beating the Zacks’ consensus estimate of $0.56 by $0.03, Briefing.com reports. The company had revenue of $399.30 million during the quarter, compared to the consensus estimate of $404.79 million. Sykes Enterprises had a net margin of 1.39% and a return on equity of 10.28%. The company’s quarterly revenue was down 2.0% compared to the same quarter last year. During the same quarter in the prior year, the company posted $0.62 EPS.

SYKE opened at $30.92 on Tuesday. The company has a market cap of $1.31 billion, a P/E ratio of 15.81, a price-to-earnings-growth ratio of 1.48 and a beta of 0.65. Sykes Enterprises has a 1 year low of $25.90 and a 1 year high of $32.15. The company has a debt-to-equity ratio of 0.11, a current ratio of 2.90 and a quick ratio of 2.90.

A number of analysts recently issued reports on SYKE shares. BidaskClub raised shares of Sykes Enterprises from a “hold” rating to a “buy” rating in a research report on Tuesday, September 18th. Barrington Research reissued a “hold” rating on shares of Sykes Enterprises in a research report on Tuesday, October 30th. TheStreet downgraded shares of Sykes Enterprises from a “b-” rating to a “c+” rating in a research report on Tuesday, August 21st. SunTrust Banks reissued a “buy” rating and set a $36.00 target price on shares of Sykes Enterprises in a research report on Friday, July 27th. Finally, ValuEngine raised shares of Sykes Enterprises from a “sell” rating to a “hold” rating in a research report on Wednesday, August 8th. Two research analysts have rated the stock with a hold rating and three have issued a buy rating to the company’s stock. The company currently has a consensus rating of “Buy” and a consensus price target of $33.00.

In related 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 transaction of $249,415.00. Following the completion of the sale, the vice president now owns 19,706 shares of the company’s stock, valued at approximately $592,165.30. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. 2.90% of the stock is currently owned by corporate insiders.

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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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Earnings History for Sykes Enterprises (NASDAQ:SYKE)

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