Sykes Enterprises, Incorporated (NASDAQ:SYKE) Issues Q2 Earnings Guidance
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.
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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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