Brokerages expect Sykes Enterprises, Incorporated (NASDAQ:SYKE) to report earnings of $0.30 per share for the current fiscal quarter, according to Zacks. Three analysts have issued estimates for Sykes Enterprises’ earnings, with the lowest EPS estimate coming in at $0.29 and the highest estimate coming in at $0.30. Sykes Enterprises posted earnings per share of $0.42 during the same quarter last year, which would indicate a negative year over year growth rate of 28.6%. The company is scheduled to report its next earnings report after the market closes on Tuesday, July 30th.
On average, analysts expect that Sykes Enterprises will report full-year earnings of $2.15 per share for the current financial year, with EPS estimates ranging from $2.14 to $2.15. For the next fiscal year, analysts expect that the company will report earnings of $2.37 per share, with EPS estimates ranging from $2.35 to $2.40. Zacks Investment Research’s EPS averages are a mean average based on a survey of research analysts that follow Sykes Enterprises.
Sykes Enterprises (NASDAQ:SYKE) last announced its earnings results on Monday, May 6th. The information technology services provider reported $0.45 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.43 by $0.02. The firm had revenue of $402.93 million during the quarter, compared to analyst estimates of $404.73 million. Sykes Enterprises had a net margin of 3.08% and a return on equity of 10.53%. Sykes Enterprises’s revenue was down 2.8% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $0.43 EPS.
A number of equities analysts recently issued reports on the stock. SunTrust Banks reiterated a “buy” rating on shares of Netflix in a research report on Friday, April 12th. BidaskClub lowered shares of Ames National from a “hold” rating to a “sell” rating in a research report on Wednesday. One equities research analyst has rated the stock with a sell rating, three have issued a hold rating and one has issued a buy rating to the stock. The company has an average rating of “Hold” and an average price target of $31.00.
Several large investors have recently bought and sold shares of the company. BlackRock Inc. boosted its position in shares of Sykes Enterprises by 3.6% during the 4th quarter. BlackRock Inc. now owns 5,902,460 shares of the information technology services provider’s stock valued at $145,968,000 after purchasing an additional 206,480 shares in the last quarter. Victory Capital Management Inc. boosted its position in shares of Sykes Enterprises by 9.8% during the 1st quarter. Victory Capital Management Inc. now owns 1,906,423 shares of the information technology services provider’s stock valued at $53,914,000 after purchasing an additional 170,805 shares in the last quarter. Boston Partners boosted its position in shares of Sykes Enterprises by 2.5% during the 1st quarter. Boston Partners now owns 1,297,251 shares of the information technology services provider’s stock valued at $36,686,000 after purchasing an additional 32,161 shares in the last quarter. Norges Bank bought a new position in shares of Sykes Enterprises during the 4th quarter valued at about $22,939,000. Finally, Geode Capital Management LLC boosted its position in shares of Sykes Enterprises by 9.0% during the 4th quarter. Geode Capital Management LLC now owns 650,908 shares of the information technology services provider’s stock valued at $16,096,000 after purchasing an additional 53,567 shares in the last quarter. Institutional investors own 88.62% of the company’s stock.
SYKE traded down $0.19 on Monday, reaching $28.02. The company had a trading volume of 133,314 shares, compared to its average volume of 152,806. The firm has a fifty day moving average of $26.82. The stock has a market cap of $1.20 billion, a P/E ratio of 13.87, a P/E/G ratio of 1.31 and a beta of 0.85. The company has a debt-to-equity ratio of 0.33, a current ratio of 2.27 and a quick ratio of 2.27. Sykes Enterprises has a one year low of $22.67 and a one year high of $31.41.
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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