Sykes Enterprises (SYKE) Scheduled to Post Quarterly Earnings on Monday

Sykes Enterprises (NASDAQ:SYKE) is scheduled to post its quarterly earnings results after the market closes on Monday, August 3rd. Analysts expect Sykes Enterprises to post earnings of $0.22 per share for the quarter. Parties interested in registering for the company’s conference call can do so using this link.

Sykes Enterprises (NASDAQ:SYKE) last posted its quarterly earnings results on Monday, May 4th. The information technology services provider reported $0.44 EPS for the quarter, missing the consensus estimate of $0.49 by ($0.05). The business had revenue of $411.17 million during the quarter, compared to analysts’ expectations of $415.35 million. Sykes Enterprises had a net margin of 4.09% and a return on equity of 10.26%. Sykes Enterprises’s revenue for the quarter was up 2.0% compared to the same quarter last year. During the same period in the previous year, the company posted $0.45 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.

NASDAQ SYKE opened at $27.46 on Friday. The firm has a market capitalization of $1.11 billion, a P/E ratio of 13.08, a PEG ratio of 2.12 and a beta of 0.84. The stock has a 50-day simple moving average of $26.82 and a two-hundred day simple moving average of $28.98. The company has a debt-to-equity ratio of 0.28, a quick ratio of 2.26 and a current ratio of 2.26. Sykes Enterprises has a fifty-two week low of $22.12 and a fifty-two week high of $38.24.

Several analysts recently commented on the company. Zacks Investment Research raised Sykes Enterprises from a “sell” rating to a “hold” rating in a report on Saturday, May 16th. Robert W. Baird raised shares of Sykes Enterprises from a “neutral” rating to an “outperform” rating and set a $40.00 price objective on the stock in a research note on Thursday, June 4th. Finally, BidaskClub cut shares of Sykes Enterprises from a “hold” rating to a “sell” rating in a research note on Saturday, June 13th. Two equities research analysts have rated the stock with a sell rating, two have given a hold rating and two have given a buy rating to the company’s stock. Sykes Enterprises currently has a consensus rating of “Hold” and a consensus target price of $36.33.

In other news, CFO John Chapman sold 10,000 shares of the company’s stock in a transaction that occurred on Friday, June 5th. The stock was sold at an average price of $31.30, for a total transaction of $313,000.00. Following the completion of the transaction, the chief financial officer now directly owns 41,659 shares of the company’s stock, valued at approximately $1,303,926.70. The sale was disclosed in a filing with the SEC, which is available at this link. 4.40% of the stock is owned by insiders.

Sykes Enterprises Company Profile

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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