Sykes Enterprises, Incorporated (SYKE) Set to Announce Earnings on Monday
Sykes Enterprises, Incorporated (NASDAQ:SYKE) will be posting its quarterly earnings results after the market closes on Monday, October 30th. Analysts expect Sykes Enterprises, to post earnings of $0.43 per share for the quarter.
Sykes Enterprises, (NASDAQ:SYKE) last issued its earnings results on Monday, August 7th. The information technology services provider reported $0.37 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $0.32 by $0.05. The firm had revenue of $375.40 million for the quarter, compared to analyst estimates of $376.83 million. Sykes Enterprises, had a return on equity of 11.21% and a net margin of 4.36%. The business’s revenue was up 3.0% on a year-over-year basis. During the same period in the previous year, the company posted $0.36 earnings per share. On average, analysts expect Sykes Enterprises, to post $1.81 EPS for the current fiscal year and $1.95 EPS for the next fiscal year.
Shares of Sykes Enterprises, Incorporated (NASDAQ:SYKE) traded down 2.12% during mid-day trading on Monday, hitting $29.14. The company’s stock had a trading volume of 18,702 shares. The company has a market cap of $1.22 billion, a price-to-earnings ratio of 18.33 and a beta of 0.84. The stock’s 50 day moving average price is $28.32 and its 200 day moving average price is $30.54. Sykes Enterprises, Incorporated has a 52-week low of $25.77 and a 52-week high of $34.49.
Several brokerages have commented on SYKE. Zacks Investment Research upgraded Sykes Enterprises, from a “hold” rating to a “buy” rating and set a $37.00 target price on the stock in a research note on Thursday, July 13th. Robert W. Baird lowered their price target on Sykes Enterprises, from $36.00 to $30.00 and set a “neutral” rating on the stock in a report on Tuesday, August 8th. Finally, SunTrust Banks, Inc. reissued a “buy” rating and set a $34.00 price target on shares of Sykes Enterprises, in a report on Monday, October 9th.
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In related news, CEO Charles E. Sykes sold 20,000 shares of the firm’s stock in a transaction on Wednesday, August 30th. The stock was 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 of the company’s stock, valued at approximately $8,879,233.73. The sale was disclosed in a legal filing with the SEC, which is available through the SEC website. 2.70% of the stock is owned by corporate insiders.
About Sykes Enterprises,
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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