Equity research analysts predict that Sykes Enterprises, Incorporated (NASDAQ: SYKE) will report earnings of $ 0.58 per share for the current fiscal quarter, Zacks reports. Two analysts provided earnings estimates for Sykes Enterprises. Sykes Enterprises posted earnings per share of $ 0.71 in the same quarter last year, which would suggest a negative year-over-year growth rate of 18.3%. The company is expected to release its next quarterly results on Monday, August 2.
According to Zacks, analysts expect Sykes Enterprises to report annual earnings of $ 3.07 per share for the current year. For next year, analysts predict the company will post earnings of $ 3.30 per share. Zacks Investment Research’s EPS averages are an average based on a survey of sell-side research analysts who follow Sykes Enterprises.
Sykes Enterprises (NASDAQ: SYKE) last reported its quarterly earnings data on Tuesday, May 4. The IT services provider reported earnings per share (EPS) of $ 0.73 for the quarter, beating the consensus estimate of $ 0.69 of $ 0.04 by Thomson Reuters. The company posted revenue of $ 457.80 million for the quarter, compared to $ 457.38 million expected by analysts. Sykes Enterprises recorded a return on equity of 13.66% and a net margin of 3.84%. The company’s revenue for the quarter increased 11.3% year-over-year. During the same period last year, the company posted earnings per share of $ 0.44.
A number of analysts have weighed in on the company recently. Barrington Research downgraded Sykes Enterprises from an “outperformance” rating to a “market performance” rating in a research report released on Monday, June 21. Sidoti downgraded Sykes Enterprises’ stock rating from a “buy” rating to a “neutral” rating and set a price target of $ 54.00 for the company. in a report on Friday, June 18. Finally, Robert W. Baird downgraded Sykes Enterprises’ stock rating from an “outperforming” rating to a “neutral” rating and set a price target of $ 54.00 for the stock. in a research report on Monday, June 21. Four research analysts rated the stock with a conservation rating. The stock currently has a consensus rating of “Hold” and a consensus price target of $ 50.00.
NASDAQ: SYKE shares opened at $ 53.70 on Thursday. The company has a market cap of $ 2.14 billion, a P / E ratio of 31.78, a PEG ratio of 1.74 and a beta of 0.92. Sykes Enterprises has a fifty-two week low of $ 24.75 and a fifty-two week high of $ 54.01. The company’s 50-day simple moving average is $ 44.39. The company has a current ratio of 2.01, a rapid ratio of 2.01, and a debt ratio of 0.05.
Several hedge funds and other institutional investors have recently changed their holdings of equities. Dynamic Technology Lab Private Ltd acquired a new position in shares of Sykes Enterprises during the fourth quarter valued at approximately $ 281,000. Diversified Trust Co acquired a new position in shares of Sykes Enterprises during the 1st quarter valued at $ 616,000. Rhumbline Advisers increased its stake in shares of Sykes Enterprises by 10.1% in the 4th quarter. Rhumbline Advisers now owns 136,332 shares of the IT service provider valued at $ 5,136,000 after purchasing an additional 12,556 shares in the last quarter. IndexIQ Advisors LLC increased its stake in shares of Sykes Enterprises by 17.4% in the 1st quarter. IndexIQ Advisors LLC now owns 9,069 shares of the IT service provider valued at $ 400,000 after purchasing an additional 1,346 shares in the last quarter. Finally, Credit Suisse AG increased its stake in Sykes Enterprises shares by 36.4% in the fourth quarter. Credit Suisse AG now owns 47,394 shares of the IT service provider, valued at $ 1,784,000, after purchasing an additional 12,655 shares during the period. Institutional investors and hedge funds hold 88.84% of the company’s shares.
About Sykes companies
Sykes Enterprises, Incorporated, along with its subsidiaries, provides customer experience management, multi-channel demand generation and digital transformation services. The company’s customer support services include handling billing inquiries and complaints, activating accounts receivable, resolving complaints, cross-selling / upselling, and managing prequalification and back-up. warranty, as well as health information and dispatch of roadside assistance.
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