$0.43 Earnings Per Share Expected for Sykes Enterprises, Incorporated (SYKE) This Quarter

Analysts predict that Sykes Enterprises, Incorporated (NASDAQ:SYKE) will report earnings of $0.43 per share for the current quarter, Zacks Investment Research reports. Four analysts have made estimates for Sykes Enterprises’ earnings. The highest EPS estimate is $0.44 and the lowest is $0.41. Sykes Enterprises also reported earnings per share of $0.43 in the same quarter last year. The company is expected to issue its next earnings report on Monday, May 6th.

On average, analysts expect that Sykes Enterprises will report full-year earnings of $2.21 per share for the current financial year, with EPS estimates ranging from $2.18 to $2.25. For the next financial year, analysts anticipate that the firm will report earnings of $2.41 per share, with EPS estimates ranging from $2.29 to $2.50. Zacks’ EPS averages are a mean average based on a survey of sell-side analysts that follow Sykes Enterprises.

Sykes Enterprises (NASDAQ:SYKE) last announced its quarterly earnings results on Monday, February 25th. The information technology services provider reported $0.58 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.66 by ($0.08). The firm had revenue of $415.20 million during the quarter, compared to the consensus estimate of $417.35 million. Sykes Enterprises had a return on equity of 10.52% and a net margin of 3.01%. The firm’s revenue was down 1.0% on a year-over-year basis. During the same quarter in the previous year, the company posted $0.47 EPS.

Several research analysts have issued reports on the company. BidaskClub lowered Sykes Enterprises from a “strong-buy” rating to a “buy” rating in a report on Friday, November 30th. ValuEngine lowered Sykes Enterprises from a “hold” rating to a “sell” rating in a report on Tuesday, January 29th. Finally, Zacks Investment Research lowered Sykes Enterprises from a “hold” rating to a “sell” rating in a report on Friday, March 1st. One investment analyst has rated the stock with a sell rating, two have assigned a hold rating and two have given a buy rating to the company’s stock. The company has a consensus rating of “Hold” and a consensus target price of $33.00.

In other news, insider Jenna Nelson sold 12,800 shares of the firm’s stock in a transaction that occurred on Friday, March 1st. The stock was sold at an average price of $29.99, for a total value of $383,872.00. The transaction was disclosed in a document filed with the SEC, which is accessible through this link. 2.90% of the stock is owned by company insiders.

Several hedge funds have recently bought and sold shares of SYKE. Norges Bank bought a new position in shares of Sykes Enterprises in the fourth quarter valued at approximately $22,939,000. BlackRock Inc. lifted its holdings in shares of Sykes Enterprises by 3.9% in the third quarter. BlackRock Inc. now owns 5,695,980 shares of the information technology services provider’s stock valued at $173,671,000 after purchasing an additional 211,659 shares in the last quarter. Matarin Capital Management LLC bought a new position in shares of Sykes Enterprises in the third quarter valued at approximately $6,211,000. Boston Partners lifted its holdings in shares of Sykes Enterprises by 7.1% in the fourth quarter. Boston Partners now owns 1,265,090 shares of the information technology services provider’s stock valued at $31,286,000 after purchasing an additional 83,866 shares in the last quarter. Finally, Acadian Asset Management LLC lifted its holdings in shares of Sykes Enterprises by 16.5% in the fourth quarter. Acadian Asset Management LLC now owns 538,854 shares of the information technology services provider’s stock valued at $13,324,000 after purchasing an additional 76,442 shares in the last quarter. Institutional investors own 88.46% of the company’s stock.

NASDAQ:SYKE traded down $0.77 on Friday, hitting $27.80. The stock had a trading volume of 220,300 shares, compared to its average volume of 168,111. The firm has a market cap of $1.21 billion, a P/E ratio of 13.76, a PEG ratio of 1.28 and a beta of 0.79. The company has a debt-to-equity ratio of 0.12, a quick ratio of 2.78 and a current ratio of 2.78. Sykes Enterprises has a 52 week low of $22.67 and a 52 week high of $31.41.

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 and Estimates for Sykes Enterprises (NASDAQ:SYKE)

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