$399.53 Million in Sales Expected for Sykes Enterprises, Incorporated (SYKE) This Quarter
Wall Street analysts expect that Sykes Enterprises, Incorporated (NASDAQ:SYKE) will report $399.53 million in sales for the current fiscal quarter, Zacks Investment Research reports. Four analysts have made estimates for Sykes Enterprises,’s earnings, with the highest sales estimate coming in at $400.11 million and the lowest estimate coming in at $398.32 million. Sykes Enterprises, reported sales of $385.74 million in the same quarter last year, which indicates a positive year over year growth rate of 3.6%. The business is scheduled to issue its next quarterly earnings results after the market closes on Monday, November 6th.
According to Zacks, analysts expect that Sykes Enterprises, will report full-year sales of $399.53 million for the current fiscal year, with estimates ranging from $1.56 billion to $1.57 billion. For the next financial year, analysts forecast that the firm will report sales of $1.63 billion per share, with estimates ranging from $1.62 billion to $1.65 billion. Zacks Investment Research’s sales calculations are an average based on a survey of analysts that follow Sykes Enterprises,.
Sykes Enterprises, (NASDAQ:SYKE) last announced its quarterly earnings results on Monday, August 7th. The information technology services provider reported $0.37 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.32 by $0.05. Sykes Enterprises, had a return on equity of 11.21% and a net margin of 4.36%. The company had revenue of $375.40 million during the quarter, compared to the consensus estimate of $376.83 million. During the same period in the previous year, the business earned $0.36 EPS. Sykes Enterprises,’s revenue for the quarter was up 3.0% on a year-over-year basis.
Shares of Sykes Enterprises, (NASDAQ SYKE) opened at 29.78 on Thursday. The stock has a market capitalization of $1.25 billion, a P/E ratio of 18.73 and a beta of 0.84. Sykes Enterprises, has a 12-month low of $25.77 and a 12-month high of $34.49. The stock has a 50 day moving average price of $27.66 and a 200 day moving average price of $30.52.
COPYRIGHT VIOLATION WARNING: “$399.53 Million in Sales Expected for Sykes Enterprises, Incorporated (SYKE) This Quarter” was first reported by American Banking News and is owned by of American Banking News. If you are accessing this article on another domain, it was stolen and reposted in violation of international copyright & trademark law. The legal version of this article can be accessed at https://www.americanbankingnews.com/2017/10/12/399-53-million-in-sales-expected-for-sykes-enterprises-incorporated-syke-this-quarter-2.html.
In related news, CEO Charles E. Sykes sold 20,000 shares of the stock in a transaction that occurred on Wednesday, August 30th. The shares were sold at an average price of $26.27, for a total value of $525,400.00. Following the transaction, the chief executive officer now directly owns 337,999 shares in the company, valued at $8,879,233.73. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Corporate insiders own 2.70% of the company’s stock.
Hedge funds and other institutional investors have recently made changes to their positions in the stock. Riverhead Capital Management LLC lifted its holdings in Sykes Enterprises, by 57.9% in the second quarter. Riverhead Capital Management LLC now owns 3,631 shares of the information technology services provider’s stock valued at $122,000 after buying an additional 1,331 shares during the period. Public Employees Retirement System of Ohio lifted its holdings in Sykes Enterprises, by 4.9% in the first quarter. Public Employees Retirement System of Ohio now owns 3,759 shares of the information technology services provider’s stock valued at $111,000 after buying an additional 177 shares during the period. Sei Investments Co. lifted its holdings in Sykes Enterprises, by 0.3% in the second quarter. Sei Investments Co. now owns 5,379 shares of the information technology services provider’s stock valued at $181,000 after buying an additional 15 shares during the period. Dubuque Bank & Trust Co. lifted its holdings in Sykes Enterprises, by 26.0% in the second quarter. Dubuque Bank & Trust Co. now owns 6,006 shares of the information technology services provider’s stock valued at $201,000 after buying an additional 1,241 shares during the period. Finally, C M Bidwell & Associates Ltd. lifted its holdings in Sykes Enterprises, by 72.6% in the second quarter. C M Bidwell & Associates Ltd. now owns 6,335 shares of the information technology services provider’s stock valued at $212,000 after buying an additional 2,665 shares during the period. Institutional investors and hedge funds own 86.34% of the company’s stock.
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.
For more information about research offerings from Zacks Investment Research, visit Zacks.com
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.