Sykes Enterprises, Incorporated (NASDAQ:SYKE) issued an update on its second quarter earnings guidance on Monday morning. The company provided EPS guidance of $0.42-0.45 for the period, compared to the Thomson Reuters consensus EPS estimate of $0.32. The company issued revenue guidance of $397-402 million, compared to the consensus revenue estimate of $376.83 million.Sykes Enterprises, also updated its FY17 guidance to $1.77-1.83 EPS.

Shares of Sykes Enterprises, Incorporated (NASDAQ:SYKE) remained flat at $33.43 on Monday. 112,164 shares of the company’s stock traded hands. Sykes Enterprises, Incorporated has a 52-week low of $25.77 and a 52-week high of $34.49. The firm has a 50-day moving average price of $33.74 and a 200-day moving average price of $30.73. The company has a market cap of $1.39 billion, a P/E ratio of 20.91 and a beta of 0.75.

Sykes Enterprises, (NASDAQ:SYKE) last released its quarterly earnings results on Monday, May 8th. The information technology services provider reported $0.54 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $0.40 by $0.14. The business had revenue of $384.01 million during the quarter, compared to analysts’ expectations of $400.15 million. Sykes Enterprises, had a return on equity of 11.39% and a net margin of 4.41%. The firm’s revenue for the quarter was up 19.7% compared to the same quarter last year. During the same period last year, the firm posted $0.42 EPS. On average, equities research analysts anticipate that Sykes Enterprises, Incorporated will post $2.10 earnings per share for the current fiscal year.

Separately, Zacks Investment Research raised Sykes Enterprises, from a hold rating to a buy rating and set a $37.00 price target for the company in a report on Thursday, July 13th.

In other Sykes Enterprises, news, insider Jenna Nelson sold 3,672 shares of Sykes Enterprises, stock in a transaction on Friday, June 2nd. The stock was sold at an average price of $33.99, for a total value of $124,811.28. Following the completion of the transaction, the insider now directly owns 14,520 shares of the company’s stock, valued at approximately $493,534.80. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director Paul L. Whiting sold 14,164 shares of Sykes Enterprises, stock in a transaction on Monday, May 15th. The shares were sold at an average price of $32.75, for a total value of $463,871.00. The disclosure for this sale can be found here. Insiders sold a total of 20,336 shares of company stock valued at $671,182 over the last ninety days. Insiders own 2.70% of the company’s stock.

ILLEGAL ACTIVITY WARNING: This story was published by American Banking News and is the property of of American Banking News. If you are accessing this story on another site, it was copied illegally and republished in violation of international trademark and copyright law. The original version of this story can be viewed at https://www.americanbankingnews.com/2017/08/07/sykes-enterprises-incorporated-nasdaqsyke-issues-q2-earnings-guidance.html.

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.

Earnings History and Estimates for Sykes Enterprises, (NASDAQ:SYKE)

Receive News & Ratings for Sykes Enterprises Incorporated Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Sykes Enterprises Incorporated and related companies with MarketBeat.com's FREE daily email newsletter.