Zacks Downgrades Sykes Enterprises to Underperform (SYKE)
Sykes Enterprises (NASDAQ:SYKE) was downgraded by Zacks from a “neutral” rating to an “underperform” rating in a research report issued to clients and investors on Friday. They currently have a $18.90 price objective on the stock. Zacks‘s target price points to a potential downside of 6.44% from the stock’s previous close.
Shares of Sykes Enterprises (NASDAQ:SYKE) traded up 1.41% on Friday, hitting $20.20. 121,224 shares of the company’s stock traded hands. Sykes Enterprises has a 52 week low of $16.75 and a 52 week high of $23.29. The stock has a 50-day moving average of $21.08 and a 200-day moving average of $20.45. The company has a market cap of $862.7 million and a price-to-earnings ratio of 19.43.
Sykes Enterprises (NASDAQ:SYKE) last issued its earnings data on Monday, August 4th. The company reported $0.27 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.26 by $0.01. The company had revenue of $320.50 million for the quarter, compared to the consensus estimate of $323.06 million. During the same quarter in the previous year, the company posted $0.22 earnings per share. The company’s revenue for the quarter was up 5.2% on a year-over-year basis. Analysts expect that Sykes Enterprises will post $1.36 EPS for the current fiscal year.
Sykes Enterprises, Incorporated (NASDAQ:SYKE) is engaged in providing outsourced customer contact management solutions and services in the business process outsourcing (BPO) arena.
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