Sykes Enterprises, Incorporated (NASDAQ:SYKE) issued an update on its third 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 $0.59. The company issued revenue guidance of $397-402 million, compared to the consensus revenue estimate of $406.97 million.Sykes Enterprises, also updated its FY17 guidance to $1.77-1.83 EPS.

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

Sykes Enterprises, Incorporated (SYKE) remained flat at $33.43 during trading on Monday. 112,164 shares of the company traded hands. The firm has a 50-day moving average price of $33.74 and a 200-day moving average price of $30.73. Sykes Enterprises, Incorporated has a 12-month low of $25.77 and a 12-month high of $34.49. 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 earnings results on Monday, May 8th. The information technology services provider reported $0.54 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ 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 firm had revenue of $384.01 million during the quarter, compared to analyst estimates of $400.15 million. During the same period last year, the business earned $0.42 earnings per share. The business’s revenue was up 19.7% on a year-over-year basis. Equities analysts expect that Sykes Enterprises, Incorporated will post $2.10 earnings per share for the current year.

In related news, VP James T. Holder sold 2,500 shares of the business’s stock in a transaction that occurred on 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 transaction, the vice president now directly owns 19,119 shares in the company, valued at approximately $630,927. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, Director Paul L. Whiting sold 14,164 shares of the business’s stock in a transaction that occurred on Monday, May 15th. The stock was sold at an average price of $32.75, for a total transaction of $463,871.00. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 20,336 shares of company stock valued at $671,182. 2.70% of the stock is owned by company insiders.

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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.

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

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