Wall Street brokerages expect Sykes Enterprises, Incorporated (NASDAQ:SYKE) to announce earnings of $0.40 per share for the current quarter, according to Zacks Investment Research. Four analysts have made estimates for Sykes Enterprises’ earnings. Sykes Enterprises reported earnings per share of $0.52 during the same quarter last year, which would indicate a negative year-over-year growth rate of 23.1%. The company is expected to issue its next earnings results after the market closes on Monday, February 26th.
According to Zacks, analysts expect that Sykes Enterprises will report full-year earnings of $1.93 per share for the current year. For the next financial year, analysts forecast that the firm will report earnings of $2.02 per share, with EPS estimates ranging from $1.95 to $2.07. Zacks’ EPS averages are a mean average based on a survey of analysts that follow Sykes Enterprises.
SYKE has been the topic of several research reports. Zacks Investment Research cut shares of Sykes Enterprises from a “buy” rating to a “hold” rating in a report on Wednesday, January 10th. ValuEngine upgraded shares of Sykes Enterprises from a “hold” rating to a “buy” rating in a research report on Friday, February 2nd. BidaskClub downgraded shares of Sykes Enterprises from a “buy” rating to a “hold” rating in a research report on Saturday, December 2nd. Finally, Robert W. Baird reiterated a “hold” rating and issued a $29.00 price target on shares of Sykes Enterprises in a research report on Sunday, October 22nd. One analyst has rated the stock with a sell rating, two have given a hold rating and two have issued a buy rating to the company. Sykes Enterprises has an average rating of “Hold” and an average price target of $32.00.
In other Sykes Enterprises news, CEO Charles E. Sykes sold 40,000 shares of the stock in a transaction that occurred on Friday, December 1st. The shares were sold at an average price of $31.17, for a total value of $1,246,800.00. Following the transaction, the chief executive officer now directly owns 285,189 shares in the company, valued at $8,889,341.13. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CEO Charles E. Sykes sold 10,000 shares of the stock in a transaction that occurred on Monday, December 4th. The stock was sold at an average price of $31.16, for a total transaction of $311,600.00. Following the completion of the transaction, the chief executive officer now owns 275,589 shares in the company, valued at $8,587,353.24. The disclosure for this sale can be found here. 2.70% of the stock is currently owned by company insiders.
Institutional investors and hedge funds have recently added to or reduced their stakes in the business. Public Employees Retirement System of Ohio raised its position in Sykes Enterprises by 7.4% in the second quarter. Public Employees Retirement System of Ohio now owns 4,039 shares of the information technology services provider’s stock worth $135,000 after acquiring an additional 280 shares during the period. Macquarie Group Ltd. bought a new stake in shares of Sykes Enterprises during the 3rd quarter valued at $124,000. Suntrust Banks Inc. bought a new stake in shares of Sykes Enterprises during the 2nd quarter valued at $218,000. Pillar Pacific Capital Management LLC bought a new stake in shares of Sykes Enterprises during the 4th quarter valued at $210,000. Finally, Eqis Capital Management Inc. bought a new stake in shares of Sykes Enterprises during the 4th quarter valued at $215,000. Institutional investors and hedge funds own 85.69% 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.
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