Sykes Enterprises (NASDAQ:SYKE) Issues FY 2021 After-Hours Earnings Guidance

Sykes Enterprises (NASDAQ:SYKE) updated its FY 2021
After-Hours earnings guidance on Tuesday. The company provided EPS guidance of 2.94-3.07 for the period, compared to the Thomson Reuters consensus EPS estimate of $2.98. The company issued revenue guidance of $1.833-1.853 billion, compared to the consensus revenue estimate of $1.79 billion.Sykes Enterprises also updated its Q1 2021
After-Hours guidance to 0.67-0.70 EPS.

A number of brokerages have weighed in on SYKE. Barrington Research upgraded shares of Sykes Enterprises from a market perform rating to an outperform rating and set a $46.00 price objective on the stock in a report on Friday, November 6th. Zacks Investment Research upgraded shares of Sykes Enterprises from a hold rating to a buy rating and set a $42.00 price objective on the stock in a report on Saturday, November 7th. Four equities research analysts have rated the stock with a buy rating, The company has an average rating of Buy and an average target price of $40.75.

SYKE traded down $0.71 during trading on Tuesday, hitting $41.07. 189,856 shares of the company traded hands, compared to its average volume of 142,299. The company has a market cap of $1.62 billion, a PE ratio of 31.11, a P/E/G ratio of 1.42 and a beta of 0.89. The stock’s 50-day simple moving average is $41.31 and its two-hundred day simple moving average is $37.19. Sykes Enterprises has a 1 year low of $22.12 and a 1 year high of $43.68. The company has a current ratio of 1.97, a quick ratio of 1.97 and a debt-to-equity ratio of 0.01.

In related news, EVP Lawrence Zingale sold 2,700 shares of the firm’s stock in a transaction on Thursday, December 3rd. The shares were sold at an average price of $38.07, for a total transaction of $102,789.00. Following the completion of the transaction, the executive vice president now directly owns 67,002 shares of the company’s stock, valued at $2,550,766.14. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Company insiders own 4.40% of the company’s stock.

Sykes Enterprises Company Profile

Sykes Enterprises, Incorporated, together with its subsidiaries, provides multichannel demand generation and customer engagement solutions and services. The company's 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 offers health information and dispatching roadside assistance.

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