$417.30 Million in Sales Expected for Sykes Enterprises, Incorporated (SYKE) This Quarter

Equities analysts expect Sykes Enterprises, Incorporated (NASDAQ:SYKE) to post sales of $417.30 million for the current fiscal quarter, Zacks reports. Four analysts have made estimates for Sykes Enterprises’ earnings, with estimates ranging from $416.50 million to $418.05 million. Sykes Enterprises posted sales of $419.25 million in the same quarter last year, which would indicate a negative year-over-year growth rate of 0.5%. The firm is expected to announce its next quarterly earnings report on Monday, February 25th.

On average, analysts expect that Sykes Enterprises will report full year sales of $1.63 billion for the current year. For the next financial year, analysts anticipate that the company will report sales of $1.69 billion, with estimates ranging from $1.68 billion to $1.70 billion. Zacks’ sales calculations are an average based on a survey of sell-side research firms that that provide coverage for Sykes Enterprises.

Sykes Enterprises (NASDAQ:SYKE) last released its earnings results on Monday, November 5th. The information technology services provider reported $0.59 earnings per share for the quarter, topping analysts’ consensus estimates of $0.56 by $0.03. The business had revenue of $399.30 million for the quarter, compared to analyst estimates of $404.79 million. Sykes Enterprises had a return on equity of 10.08% and a net margin of 0.91%. The business’s revenue was down 2.0% compared to the same quarter last year. During the same quarter last year, the firm posted $0.62 earnings per share.

SYKE has been the topic of several research reports. Barrington Research restated a “hold” rating on shares of Sykes Enterprises in a research note on Monday, August 6th. ValuEngine upgraded Sykes Enterprises from a “sell” rating to a “hold” rating in a research note on Wednesday, August 8th. TheStreet lowered Sykes Enterprises from a “b-” rating to a “c+” rating in a research note on Tuesday, August 21st. Finally, BidaskClub upgraded Sykes Enterprises from a “sell” rating to a “hold” rating in a research note on Thursday, August 30th. One investment analyst has rated the stock with a sell rating, one has issued a hold rating and three have assigned a buy rating to the company’s stock. The company presently has an average rating of “Hold” and a consensus price target of $33.00.

In other news, VP James T. Holder sold 2,500 shares of the firm’s stock in a transaction on Friday, November 30th. The stock was sold at an average price of $27.31, for a total transaction of $68,275.00. Following the transaction, the vice president now owns 17,206 shares in the company, valued at $469,895.86. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Company insiders own 2.90% of the company’s stock.

A number of institutional investors and hedge funds have recently bought and sold shares of SYKE. Robeco Institutional Asset Management B.V. purchased a new position in Sykes Enterprises in the second quarter valued at about $124,000. Itau Unibanco Holding S.A. purchased a new position in Sykes Enterprises in the second quarter valued at about $142,000. Pillar Pacific Capital Management LLC purchased a new position in Sykes Enterprises in the third quarter valued at about $203,000. Commonwealth of Pennsylvania Public School Empls Retrmt SYS purchased a new position in Sykes Enterprises in the second quarter valued at about $242,000. Finally, Laurion Capital Management LP purchased a new position in Sykes Enterprises in the second quarter valued at about $266,000. Institutional investors own 88.01% of the company’s stock.

Shares of Sykes Enterprises stock traded down $1.17 during trading on Thursday, hitting $26.28. 105,962 shares of the stock traded hands, compared to its average volume of 139,765. The firm has a market cap of $1.18 billion, a P/E ratio of 13.14, a P/E/G ratio of 1.31 and a beta of 0.56. The company has a current ratio of 2.74, a quick ratio of 2.74 and a debt-to-equity ratio of 0.10. Sykes Enterprises has a 52-week low of $25.90 and a 52-week high of $32.15.

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 and Estimates for Sykes Enterprises (NASDAQ:SYKE)

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