Sykes Enterprises, Incorporated (NASDAQ:SYKE) CEO Charles E. Sykes sold 10,000 shares of the business’s stock in a transaction that occurred on Monday, December 4th. The stock was sold at an average price of $31.16, for a total value of $311,600.00. Following the sale, the chief executive officer now owns 275,589 shares of the company’s stock, valued at approximately $8,587,353.24. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website.
Shares of Sykes Enterprises, Incorporated (SYKE) opened at $30.75 on Thursday. The company has a current ratio of 3.29, a quick ratio of 3.29 and a debt-to-equity ratio of 0.33. Sykes Enterprises, Incorporated has a 1-year low of $25.77 and a 1-year high of $34.49. The stock has a market capitalization of $1,322.10, a P/E ratio of 15.03, a PEG ratio of 1.60 and a beta of 0.89.
Sykes Enterprises (NASDAQ:SYKE) last released its quarterly earnings results on Monday, November 6th. The information technology services provider reported $0.62 earnings per share for the quarter, beating analysts’ consensus estimates of $0.44 by $0.18. Sykes Enterprises had a net margin of 4.32% and a return on equity of 11.33%. The company had revenue of $407.31 million during the quarter, compared to the consensus estimate of $399.22 million. During the same period in the previous year, the business earned $0.55 earnings per share. The firm’s quarterly revenue was up 5.6% on a year-over-year basis. equities research analysts expect that Sykes Enterprises, Incorporated will post 1.93 EPS for the current year.
A number of equities research analysts have recently issued reports on the company. Robert W. Baird restated a “hold” rating and set a $29.00 price objective on shares of Sykes Enterprises in a report on Sunday, September 17th. BidaskClub cut Sykes Enterprises from a “buy” rating to a “hold” rating in a report on Saturday, December 2nd. Zacks Investment Research upgraded Sykes Enterprises from a “strong sell” rating to a “hold” rating and set a $33.00 price objective for the company in a report on Wednesday, October 11th. Finally, SunTrust Banks restated a “buy” rating and set a $34.00 price objective on shares of Sykes Enterprises in a report on Monday, October 9th. Three analysts have rated the stock with a hold rating and two have given a buy rating to the stock. The stock currently has an average rating of “Hold” and a consensus price target of $33.50.
Sykes Enterprises Company Profile
Sykes Enterprises, Incorporated is engaged in providing outsourced customer contact management solutions and services in the business process outsourcing (BPO) arena on a global basis. The Company has operations in two segments: the Americas, which includes the United States, Canada, Latin America, Australia and the Asia Pacific Rim, and EMEA, which includes Europe, the Middle East and Africa.
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