Sykes Enterprises, Incorporated (SYKE) Issues FY17 Earnings Guidance
Sykes Enterprises, Incorporated (NASDAQ:SYKE) issued an update on its FY17 earnings guidance on Monday morning. The company provided EPS guidance of $1.77-1.83 for the period, compared to the Thomson Reuters consensus EPS estimate of $2.10. The company issued revenue guidance of $1.56-1.57 billion, compared to the consensus revenue estimate of $1.59 billion.Sykes Enterprises, also updated its Q2 guidance to $0.42-0.45 EPS.
Sykes Enterprises, Incorporated (NASDAQ:SYKE) remained flat at $33.43 during mid-day trading on Monday. 112,164 shares of the company’s stock were exchanged. The firm has a 50 day moving average of $33.74 and a 200 day moving average of $30.73. Sykes Enterprises, Incorporated has a 12 month low of $25.77 and a 12 month high of $34.49. The firm has a market capitalization of $1.39 billion, a price-to-earnings ratio of 20.91 and a beta of 0.75.
Sykes Enterprises, (NASDAQ:SYKE) last announced its quarterly earnings data on Monday, May 8th. The information technology services provider reported $0.54 EPS for the quarter, topping the Zacks’ consensus estimate of $0.40 by $0.14. The company had revenue of $384.01 million during the quarter, compared to the consensus estimate of $400.15 million. Sykes Enterprises, had a net margin of 4.41% and a return on equity of 11.39%. Sykes Enterprises,’s quarterly revenue was up 19.7% on a year-over-year basis. During the same quarter in the prior year, the firm earned $0.42 EPS. On average, analysts predict that Sykes Enterprises, Incorporated will post $2.10 earnings per share for the current fiscal year.
Separately, Zacks Investment Research upgraded shares of Sykes Enterprises, from a hold rating to a buy rating and set a $33.00 price objective for the company in a research report on Wednesday, May 3rd.
In other news, insider Jenna Nelson sold 3,672 shares of the stock in a transaction dated Friday, June 2nd. The shares were 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 owns 14,520 shares in the company, valued at approximately $493,534.80. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director Paul L. Whiting sold 14,164 shares of the stock in a transaction dated Monday, May 15th. The shares were 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. In the last 90 days, insiders have sold 20,336 shares of company stock valued at $671,182. 2.70% of the stock is owned by 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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