Brokerages expect Sykes Enterprises, Incorporated (NASDAQ:SYKE) to report earnings of $0.67 per share for the current fiscal quarter, Zacks reports. Two analysts have provided estimates for Sykes Enterprises’ earnings. The lowest EPS estimate is $0.66 and the highest is $0.67. Sykes Enterprises reported earnings of $0.58 per share during the same quarter last year, which would indicate a positive year over year growth rate of 15.5%. The company is scheduled to report its next earnings results on Monday, February 24th.
On average, analysts expect that Sykes Enterprises will report full-year earnings of $2.10 per share for the current fiscal year, with EPS estimates ranging from $2.09 to $2.10. For the next year, analysts forecast that the company will post earnings of $2.35 per share, with EPS estimates ranging from $2.34 to $2.35. Zacks Investment Research’s earnings per share averages are an average based on a survey of research analysts that that provide coverage for Sykes Enterprises.
Sykes Enterprises (NASDAQ:SYKE) last posted its earnings results on Monday, November 4th. The information technology services provider reported $0.56 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $0.47 by $0.09. Sykes Enterprises had a net margin of 3.62% and a return on equity of 10.08%. The company had revenue of $397.50 million during the quarter, compared to the consensus estimate of $401.73 million. During the same period in the previous year, the firm posted $0.59 earnings per share. The company’s revenue for the quarter was down .5% compared to the same quarter last year.
Several analysts recently commented on the company. Sidoti lowered Sykes Enterprises from a “buy” rating to a “neutral” rating and set a $42.00 price target on the stock. in a research note on Monday, November 11th. They noted that the move was a valuation call. ValuEngine cut shares of Sykes Enterprises from a “hold” rating to a “sell” rating in a research note on Tuesday, November 5th. Zacks Investment Research downgraded Sykes Enterprises from a “buy” rating to a “hold” rating in a report on Saturday, November 9th. Finally, BidaskClub upgraded Sykes Enterprises from a “hold” rating to a “buy” rating in a research report on Wednesday, November 6th. One research analyst has rated the stock with a sell rating, three have given a hold rating and one has issued a buy rating to the company’s stock. The stock currently has an average rating of “Hold” and a consensus target price of $38.33.
A number of hedge funds have recently bought and sold shares of SYKE. Victory Capital Management Inc. lifted its stake in shares of Sykes Enterprises by 16.2% during the second quarter. Victory Capital Management Inc. now owns 2,214,403 shares of the information technology services provider’s stock valued at $60,808,000 after acquiring an additional 307,980 shares during the period. Wells Fargo & Company MN grew its holdings in shares of Sykes Enterprises by 2.4% in the 2nd quarter. Wells Fargo & Company MN now owns 1,189,451 shares of the information technology services provider’s stock valued at $32,661,000 after buying an additional 27,689 shares during the period. Northern Trust Corp increased its position in shares of Sykes Enterprises by 1.6% in the 2nd quarter. Northern Trust Corp now owns 854,691 shares of the information technology services provider’s stock valued at $23,470,000 after buying an additional 13,176 shares in the last quarter. Renaissance Technologies LLC lifted its holdings in Sykes Enterprises by 0.4% during the second quarter. Renaissance Technologies LLC now owns 644,077 shares of the information technology services provider’s stock worth $17,686,000 after acquiring an additional 2,504 shares in the last quarter. Finally, Bank of New York Mellon Corp grew its stake in Sykes Enterprises by 1.1% in the second quarter. Bank of New York Mellon Corp now owns 530,069 shares of the information technology services provider’s stock valued at $14,555,000 after acquiring an additional 5,650 shares during the period. Hedge funds and other institutional investors own 89.26% of the company’s stock.
NASDAQ:SYKE traded up $0.25 during mid-day trading on Friday, hitting $34.89. The company’s stock had a trading volume of 4,016 shares, compared to its average volume of 249,139. Sykes Enterprises has a fifty-two week low of $22.67 and a fifty-two week high of $38.24. The company has a current ratio of 2.17, a quick ratio of 2.17 and a debt-to-equity ratio of 0.29. The stock has a fifty day moving average of $33.52 and a 200-day moving average of $29.44. The company has a market capitalization of $1.46 billion, a price-to-earnings ratio of 17.32, a P/E/G ratio of 1.68 and a beta of 0.84.
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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