Sykes Enterprises (NASDAQ:SYKE) announced its earnings results on Monday. The information technology services provider reported $0.47 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.40 by $0.07, Bloomberg Earnings reports. Sykes Enterprises had a return on equity of 11.33% and a net margin of 4.32%. The business had revenue of $419.25 million for the quarter, compared to analysts’ expectations of $410.02 million. During the same period in the prior year, the business posted $0.52 earnings per share. The firm’s revenue was up 7.7% on a year-over-year basis. Sykes Enterprises updated its Q1 guidance to $0.26-0.29 EPS and its FY18 guidance to $1.94-2.07 EPS.
Sykes Enterprises (NASDAQ:SYKE) traded up $0.21 during trading on Monday, hitting $30.58. The company’s stock had a trading volume of 224,635 shares, compared to its average volume of 145,964. The company has a market cap of $1,302.80, a PE ratio of 14.81, a price-to-earnings-growth ratio of 1.51 and a beta of 0.82. Sykes Enterprises has a 52-week low of $25.77 and a 52-week high of $34.49. The company has a debt-to-equity ratio of 0.33, a current ratio of 3.29 and a quick ratio of 3.29.
SYKE has been the topic of several analyst reports. BidaskClub cut Sykes Enterprises from a “buy” rating to a “hold” rating in a report on Saturday, December 2nd. Zacks Investment Research cut Sykes Enterprises from a “buy” rating to a “hold” rating in a report on Wednesday, January 10th. Finally, ValuEngine upgraded Sykes Enterprises from a “hold” rating to a “buy” rating in a report on Friday, February 2nd. Three investment analysts have rated the stock with a hold rating and two have assigned a buy rating to the company’s stock. Sykes Enterprises has an average rating of “Hold” and an average price target of $32.00.
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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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