Equities research analysts forecast that Sykes Enterprises, Incorporated (NASDAQ:SYKE) will post $0.40 earnings per share (EPS) for the current fiscal quarter, according to Zacks. Four analysts have provided estimates for Sykes Enterprises’ earnings. Sykes Enterprises posted earnings per share of $0.52 in the same quarter last year, which suggests a negative year over year growth rate of 23.1%. The company is expected to issue its next earnings results on Monday, February 26th.
According to Zacks, analysts expect that Sykes Enterprises will report full-year earnings of $1.93 per share for the current financial year. For the next year, analysts expect that the firm will report earnings of $2.02 per share, with EPS estimates ranging from $1.95 to $2.07. Zacks’ earnings per share averages are an average based on a survey of sell-side research firms that follow Sykes Enterprises.
Sykes Enterprises (NASDAQ:SYKE) last posted its earnings results on Monday, November 6th. The information technology services provider reported $0.62 EPS for the quarter, beating the Zacks’ consensus estimate of $0.44 by $0.18. Sykes Enterprises had a return on equity of 11.33% and a net margin of 4.32%. The company had revenue of $407.31 million for the quarter, compared to the consensus estimate of $399.22 million. During the same quarter in the previous year, the business earned $0.55 earnings per share. The company’s revenue for the quarter was up 5.6% on a year-over-year basis.
A number of equities research analysts have commented on SYKE shares. Robert W. Baird restated a “hold” rating and issued a $29.00 target price on shares of Sykes Enterprises in a research report on Sunday, September 17th. Zacks Investment Research raised Sykes Enterprises from a “strong sell” rating to a “hold” rating and set a $33.00 price objective for the company in a research note on Wednesday, October 11th. SunTrust Banks reaffirmed a “buy” rating and issued a $34.00 price objective on shares of Sykes Enterprises in a research note on Monday, October 9th. Finally, BidaskClub cut Sykes Enterprises from a “buy” rating to a “hold” rating in a research note on Saturday, December 2nd. Three investment analysts have rated the stock with a hold rating and two have given a buy rating to the company’s stock. The stock presently has a consensus rating of “Hold” and a consensus target price of $33.50.
In other news, CEO Charles E. Sykes sold 10,000 shares of Sykes Enterprises stock in a transaction on Monday, December 4th. The stock was sold at an average price of $31.16, for a total value of $311,600.00. Following the completion of the sale, the chief executive officer now directly owns 275,589 shares of the company’s stock, valued at $8,587,353.24. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. Also, CEO Charles E. Sykes sold 40,000 shares of Sykes Enterprises stock in a transaction on Friday, December 1st. The shares were sold at an average price of $31.17, for a total value of $1,246,800.00. Following the completion of the sale, the chief executive officer now directly owns 285,189 shares of the company’s stock, valued at $8,889,341.13. The disclosure for this sale can be found here. Insiders own 2.70% of the company’s stock.
Several hedge funds and other institutional investors have recently modified their holdings of SYKE. Teachers Advisors LLC grew its stake in Sykes Enterprises by 1.0% during the 1st quarter. Teachers Advisors LLC now owns 90,306 shares of the information technology services provider’s stock worth $2,655,000 after purchasing an additional 878 shares in the last quarter. Credit Suisse AG grew its stake in Sykes Enterprises by 30.8% during the 1st quarter. Credit Suisse AG now owns 60,997 shares of the information technology services provider’s stock worth $1,793,000 after purchasing an additional 14,360 shares in the last quarter. Public Employees Retirement System of Ohio grew its stake in Sykes Enterprises by 4.9% during the 1st quarter. Public Employees Retirement System of Ohio now owns 3,759 shares of the information technology services provider’s stock worth $111,000 after purchasing an additional 177 shares in the last quarter. Aperio Group LLC grew its stake in Sykes Enterprises by 37.6% during the 2nd quarter. Aperio Group LLC now owns 35,141 shares of the information technology services provider’s stock worth $1,178,000 after purchasing an additional 9,608 shares in the last quarter. Finally, Municipal Employees Retirement System of Michigan grew its stake in Sykes Enterprises by 2.3% during the 2nd quarter. Municipal Employees Retirement System of Michigan now owns 14,030 shares of the information technology services provider’s stock worth $470,000 after purchasing an additional 310 shares in the last quarter. 85.72% of the stock is owned by institutional investors and hedge funds.
Sykes Enterprises (SYKE) traded down $0.20 during trading hours on Thursday, reaching $30.69. The company’s stock had a trading volume of 148,890 shares, compared to its average volume of 209,032. Sykes Enterprises has a 12 month low of $25.77 and a 12 month high of $34.49. The company has a debt-to-equity ratio of 0.33, a current ratio of 3.29 and a quick ratio of 3.29. The stock has a market capitalization of $1,316.54, a P/E ratio of 14.97, a P/E/G ratio of 1.59 and a beta of 0.89.
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Sykes Enterprises Company Profile
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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