Sykes Enterprises, Incorporated (NASDAQ:SYKE) Issues Q3 Earnings Guidance
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.
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