StarTek (SRT) Announces Earnings Results

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StarTek (NYSE:SRT) announced its quarterly earnings data on Wednesday. The business services provider reported ($0.23) EPS for the quarter, missing the Zacks’ consensus estimate of ($0.06) by ($0.17), Morningstar.com reports. StarTek had a negative return on equity of 6.88% and a negative net margin of 7.75%. The business had revenue of $158.59 million for the quarter, compared to analyst estimates of $160.00 million.

Shares of StarTek stock traded down $0.32 during trading on Thursday, hitting $7.43. 2,014 shares of the stock traded hands, compared to its average volume of 47,571. The firm has a market cap of $271.65 million, a price-to-earnings ratio of -92.88 and a beta of 0.47. The company has a debt-to-equity ratio of 0.48, a current ratio of 1.37 and a quick ratio of 1.37. StarTek has a twelve month low of $5.26 and a twelve month high of $11.36.

Several institutional investors have recently made changes to their positions in SRT. JPMorgan Chase & Co. lifted its holdings in shares of StarTek by 34.7% during the 3rd quarter. JPMorgan Chase & Co. now owns 52,704 shares of the business services provider’s stock valued at $349,000 after buying an additional 13,590 shares during the last quarter. BlackRock Inc. lifted its holdings in shares of StarTek by 2.6% during the 3rd quarter. BlackRock Inc. now owns 391,592 shares of the business services provider’s stock valued at $2,592,000 after buying an additional 9,751 shares during the last quarter. Finally, Oppenheimer Asset Management Inc. acquired a new stake in shares of StarTek during the 4th quarter valued at about $38,000. Institutional investors and hedge funds own 10.45% of the company’s stock.

A number of equities research analysts have commented on the company. Zacks Investment Research lowered StarTek from a “hold” rating to a “sell” rating in a research report on Friday, November 16th. ValuEngine upgraded StarTek from a “hold” rating to a “buy” rating in a research report on Friday, November 16th.

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StarTek Company Profile

StarTek, Inc operates as a customer engagement business process outsourcing services provider that delivers contact center and customer engagement solutions. It offers technical and product support, sales support, provisioning and order processing, receivables management, healthcare services, up-sell and cross-sell program, and customer intelligence analytics; and additional services, such as technology enabled and human interaction to other industry-specific processes, including training curriculum development, workforce management, customer analytics, quality monitoring services, and dispositions.

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Earnings History for StarTek (NYSE:SRT)

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