Sykes Enterprises (SYKE) Issues FY 2018 Earnings Guidance

Sykes Enterprises (NASDAQ:SYKE) issued an update on its FY 2018 earnings guidance on Monday morning. The company provided EPS guidance of $2.09-2.13 for the period, compared to the Thomson Reuters consensus EPS estimate of $2.07. The company issued revenue guidance of $1.625-1.63 billion, compared to the consensus revenue estimate of $1.64 billion.Sykes Enterprises also updated its Q4 guidance to $0.65-0.69 EPS.

NASDAQ SYKE traded up $0.05 on Wednesday, hitting $27.18. 3,075 shares of the company were exchanged, compared to its average volume of 130,380. The company has a market cap of $1.31 billion, a price-to-earnings ratio of 13.65, a price-to-earnings-growth ratio of 1.48 and a beta of 0.65. The company has a quick ratio of 2.90, a current ratio of 2.90 and a debt-to-equity ratio of 0.11. Sykes Enterprises has a 1-year low of $25.90 and a 1-year high of $32.15.

Sykes Enterprises (NASDAQ:SYKE) last issued its quarterly earnings results on Monday, November 5th. The information technology services provider reported $0.59 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.56 by $0.03. The business had revenue of $399.30 million for the quarter, compared to the consensus estimate of $404.79 million. Sykes Enterprises had a net margin of 1.39% and a return on equity of 10.28%. The firm’s quarterly revenue was down 2.0% on a year-over-year basis. During the same quarter in the prior year, the company earned $0.62 EPS. On average, equities analysts expect that Sykes Enterprises will post 2.07 earnings per share for the current year.

A number of research firms have issued reports on SYKE. BidaskClub downgraded shares of Sykes Enterprises from a buy rating to a hold rating in a research report on Monday, September 24th. Barrington Research restated a hold rating on shares of Sykes Enterprises in a research report on Friday, October 5th. ValuEngine upgraded shares of Sykes Enterprises from a sell rating to a hold rating in a research report on Wednesday, August 8th. TheStreet downgraded shares of Sykes Enterprises from a b- rating to a c+ rating in a research report on Tuesday, August 21st. Finally, SunTrust Banks restated a buy rating and set a $36.00 target price on shares of Sykes Enterprises in a research report on Friday, July 27th. One research analyst has rated the stock with a sell rating, one has assigned a hold rating and three have assigned a buy rating to the stock. Sykes Enterprises presently has a consensus rating of Hold and an average price target of $33.00.

In other Sykes Enterprises news, VP James T. Holder sold 8,300 shares of the company’s stock in a transaction dated Tuesday, August 28th. The shares were sold at an average price of $30.05, for a total transaction of $249,415.00. Following the transaction, the vice president now directly owns 19,706 shares in the company, valued at approximately $592,165.30. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Corporate insiders own 2.90% of the company’s stock.

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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.

Read More: Retained Earnings

Earnings History and Estimates for Sykes Enterprises (NASDAQ:SYKE)

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