Brokerages Anticipate Sykes Enterprises, Incorporated (NASDAQ:SYKE) Will Post Quarterly Sales of $377.19 Million
Equities analysts expect Sykes Enterprises, Incorporated (NASDAQ:SYKE) to report $377.19 million in sales for the current quarter, according to Zacks. Five analysts have made estimates for Sykes Enterprises,’s earnings. The lowest sales estimate is $376.32 million and the highest is $378.09 million. Sykes Enterprises, reported sales of $364.40 million in the same quarter last year, which would suggest a positive year over year growth rate of 3.5%. The firm is scheduled to issue its next quarterly earnings results on Monday, August 7th.
According to Zacks, analysts expect that Sykes Enterprises, will report full-year sales of $377.19 million for the current year, with estimates ranging from $1.58 billion to $1.59 billion. For the next year, analysts expect that the firm will post sales of $1.66 billion per share, with estimates ranging from $1.63 billion to $1.67 billion. Zacks Investment Research’s sales calculations are a mean average based on a survey of research firms that follow Sykes Enterprises,.
Sykes Enterprises, (NASDAQ:SYKE) last released its quarterly earnings data on Monday, May 8th. The information technology services provider reported $0.54 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.40 by $0.14. Sykes Enterprises, had a net margin of 4.41% and a return on equity of 11.39%. The business had revenue of $384.01 million for the quarter, compared to analysts’ expectations of $400.15 million. During the same quarter last year, the company earned $0.42 EPS. The company’s revenue for the quarter was up 19.7% compared to the same quarter last year.
Separately, Zacks Investment Research downgraded shares of Sykes Enterprises, from a “buy” rating to a “hold” rating in a research report on Saturday, May 13th.
In other news, Director Paul L. Whiting sold 14,164 shares of the company’s stock in a transaction dated Monday, May 15th. The stock was sold at an average price of $32.75, for a total value of $463,871.00. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, VP James T. Holder sold 2,500 shares of the company’s stock in a transaction dated Monday, May 22nd. The shares were sold at an average price of $33.00, for a total value of $82,500.00. Following the completion of the sale, the vice president now directly owns 19,119 shares of the company’s stock, valued at $630,927. The disclosure for this sale can be found here. In the last quarter, insiders have sold 20,336 shares of company stock worth $671,182. 2.70% of the stock is owned by corporate insiders.
Several hedge funds have recently made changes to their positions in SYKE. BlackRock Inc. boosted its stake in shares of Sykes Enterprises, by 48,788.9% in the first quarter. BlackRock Inc. now owns 4,860,043 shares of the information technology services provider’s stock worth $142,885,000 after buying an additional 4,850,102 shares during the period. Norges Bank acquired a new position in shares of Sykes Enterprises, during the fourth quarter valued at about $19,123,000. Tributary Capital Management LLC acquired a new position in shares of Sykes Enterprises, during the first quarter valued at about $9,182,000. Dimensional Fund Advisors LP raised its position in shares of Sykes Enterprises, by 5.5% in the first quarter. Dimensional Fund Advisors LP now owns 3,604,490 shares of the information technology services provider’s stock valued at $105,971,000 after buying an additional 188,586 shares in the last quarter. Finally, New Amsterdam Partners LLC NY acquired a new position in shares of Sykes Enterprises, during the first quarter valued at about $5,223,000. 87.54% of the stock is owned by institutional investors.
Sykes Enterprises, (NASDAQ SYKE) traded down 1.26% during mid-day trading on Thursday, hitting $32.98. 23,335 shares of the company were exchanged. Sykes Enterprises, has a 12-month low of $25.77 and a 12-month high of $34.45. The stock’s 50 day moving average is $33.31 and its 200-day moving average is $29.99. The company has a market cap of $1.37 billion, a price-to-earnings ratio of 20.63 and a beta of 0.75.
About Sykes Enterprises,
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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