$0.66 EPS Expected for Sykes Enterprises, Incorporated (SYKE) This Quarter

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Brokerages expect Sykes Enterprises, Incorporated (NASDAQ:SYKE) to post earnings per share of $0.66 for the current quarter, according to Zacks. Three analysts have provided estimates for Sykes Enterprises’ earnings. The highest EPS estimate is $0.67 and the lowest is $0.65. Sykes Enterprises reported earnings per share of $0.47 during the same quarter last year, which suggests a positive year over year growth rate of 40.4%. The firm is expected to announce its next quarterly earnings results on Monday, February 25th.

According to Zacks, analysts expect that Sykes Enterprises will report full year earnings of $2.10 per share for the current fiscal year, with EPS estimates ranging from $2.08 to $2.11. For the next year, analysts expect that the firm will report earnings of $2.25 per share, with EPS estimates ranging from $2.20 to $2.28. Zacks Investment Research’s EPS averages are a mean average based on a survey of research firms that cover Sykes Enterprises.

Sykes Enterprises (NASDAQ:SYKE) last posted its earnings results on Monday, November 5th. The information technology services provider reported $0.59 earnings per share for the quarter, topping the Zacks’ consensus estimate 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 net margin of 0.91% and a return on equity of 10.08%. Sykes Enterprises’s revenue was down 2.0% on a year-over-year basis. During the same quarter in the prior year, the firm posted $0.62 EPS.

SYKE has been the topic of a number of analyst reports. SunTrust Banks reaffirmed a “buy” rating and set a $36.00 target price on shares of Sykes Enterprises in a report on Friday, July 27th. BidaskClub raised shares of Sykes Enterprises from a “hold” rating to a “buy” rating in a report on Tuesday, September 18th. TheStreet lowered shares of Sykes Enterprises from a “b-” rating to a “c+” rating in a report on Tuesday, August 21st. Barrington Research reaffirmed a “hold” rating on shares of Sykes Enterprises in a report on Tuesday. Finally, ValuEngine raised shares of Sykes Enterprises from a “sell” rating to a “hold” rating in a report on Wednesday, August 8th. One research analyst has rated the stock with a sell rating, one has given a hold rating and three have issued a buy rating to the company’s stock. The company presently has an average rating of “Hold” and an average target price of $33.00.

In related news, VP James T. Holder sold 8,300 shares of the company’s stock in a transaction that occurred on Tuesday, August 28th. The shares were sold at an average price of $30.05, for a total transaction of $249,415.00. Following the sale, the vice president now owns 19,706 shares of the company’s stock, valued at approximately $592,165.30. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Corporate insiders own 2.90% of the company’s stock.

A number of institutional investors have recently bought and sold shares of SYKE. BlackRock Inc. grew its stake in Sykes Enterprises by 6.4% in the 2nd quarter. BlackRock Inc. now owns 5,484,321 shares of the information technology services provider’s stock worth $157,841,000 after buying an additional 328,065 shares in the last quarter. TD Asset Management Inc. grew its stake in Sykes Enterprises by 622.9% in the 2nd quarter. TD Asset Management Inc. now owns 227,000 shares of the information technology services provider’s stock worth $6,533,000 after buying an additional 195,600 shares in the last quarter. River Road Asset Management LLC grew its stake in Sykes Enterprises by 23.9% in the 3rd quarter. River Road Asset Management LLC now owns 673,392 shares of the information technology services provider’s stock worth $20,532,000 after buying an additional 129,993 shares in the last quarter. Acadian Asset Management LLC grew its stake in Sykes Enterprises by 28.7% in the 3rd quarter. Acadian Asset Management LLC now owns 462,412 shares of the information technology services provider’s stock worth $14,099,000 after buying an additional 103,182 shares in the last quarter. Finally, Renaissance Technologies LLC grew its stake in Sykes Enterprises by 14.3% in the 2nd quarter. Renaissance Technologies LLC now owns 606,473 shares of the information technology services provider’s stock worth $17,454,000 after buying an additional 75,973 shares in the last quarter. 87.55% of the stock is currently owned by institutional investors and hedge funds.

Sykes Enterprises stock traded up $0.29 during midday trading on Monday, reaching $28.55. 166,790 shares of the stock were exchanged, compared to its average volume of 150,442. The company has a current ratio of 2.74, a quick ratio of 2.90 and a debt-to-equity ratio of 0.10. The firm has a market capitalization of $1.22 billion, a PE ratio of 14.28, a price-to-earnings-growth ratio of 1.36 and a beta of 0.65. Sykes Enterprises has a 52 week low of $25.90 and a 52 week high of $32.15.

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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