Sykes Enterprises (SYKE) to Release Earnings on Monday

Sykes Enterprises (NASDAQ:SYKE) is set to release its earnings data after the market closes on Monday, November 5th. Analysts expect Sykes Enterprises to post earnings of $0.56 per share for the quarter. Sykes Enterprises has set its Q3 guidance at $0.55-0.58 EPS and its FY18 guidance at $2.04-2.11 EPS.

Sykes Enterprises (NASDAQ:SYKE) last released its quarterly earnings results on Monday, August 6th. The information technology services provider reported $0.42 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.33 by $0.09. The company had revenue of $396.80 million during the quarter, compared to analysts’ expectations of $402.95 million. Sykes Enterprises had a return on equity of 10.28% and a net margin of 1.39%. The business’s revenue for the quarter was up 5.7% compared to the same quarter last year. During the same period in the previous year, the firm posted $0.21 earnings per share. On average, analysts expect Sykes Enterprises to post $2 EPS for the current fiscal year and $2 EPS for the next fiscal year.

Shares of NASDAQ:SYKE opened at $29.79 on Monday. The firm has a market capitalization of $1.28 billion, a PE ratio of 14.90, a price-to-earnings-growth ratio of 1.44 and a beta of 0.74. The company has a quick ratio of 2.90, a current ratio of 2.90 and a debt-to-equity ratio of 0.11. Sykes Enterprises has a 52 week low of $25.90 and a 52 week high of $32.15.



A number of equities research analysts have recently commented on SYKE shares. BidaskClub downgraded Sykes Enterprises from a “buy” rating to a “hold” rating in a research report on Monday, September 24th. ValuEngine raised Sykes Enterprises from a “sell” rating to a “hold” rating in a research report on Wednesday, August 8th. Barrington Research reaffirmed a “hold” rating on shares of Sykes Enterprises in a research report on Monday, August 6th. SunTrust Banks reaffirmed a “buy” rating and issued a $36.00 price objective on shares of Sykes Enterprises in a research report on Friday, July 27th. Finally, TheStreet downgraded Sykes Enterprises from a “b-” rating to a “c+” rating in a research report on Tuesday, August 21st. Two research analysts have rated the stock with a hold rating and three have assigned a buy rating to the company’s stock. The company has an average rating of “Buy” and a consensus price target of $33.00.

In other news, VP James T. Holder sold 8,300 shares of Sykes Enterprises stock in a transaction on Tuesday, August 28th. The stock was sold at an average price of $30.05, for a total value of $249,415.00. Following the completion of the sale, the vice president now owns 19,706 shares of the company’s stock, valued at $592,165.30. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. 2.90% of the stock is owned by insiders.

About Sykes Enterprises

Sykes Enterprises, Incorporated, together with its subsidiaries, provides multichannel demand generation and global customer engagement services. Its customer care services include handling billing inquiries and claims, activating customer accounts, resolving complaints, cross-selling/up-selling, and prequalifying and warranty management, as well as providing health information and dispatching roadside assistance.

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Earnings History for Sykes Enterprises (NASDAQ:SYKE)

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