Sykes Enterprises (NASDAQ:SYKE) Releases Q3 Earnings Guidance

Sykes Enterprises (NASDAQ:SYKE) updated its third quarter earnings guidance on Tuesday. The company provided earnings per share (EPS) guidance of $0.45-0.48 for the period, compared to the Thomson Reuters consensus estimate of $0.64. The company issued revenue guidance of $400-405 million, compared to the consensus revenue estimate of $420.62 million.Sykes Enterprises also updated its FY 2019 guidance to $2.07-2.14 EPS.

A number of brokerages have issued reports on SYKE. BidaskClub downgraded shares of Ames National from a hold rating to a sell rating in a research report on Wednesday, July 17th. TheStreet downgraded shares of VF from a b+ rating to a c rating in a research report on Wednesday, July 24th. Finally, SunTrust Banks reissued a buy rating on shares of Netflix in a research report on Friday, April 12th. One investment analyst has rated the stock with a sell rating, three have given a hold rating and one has given a buy rating to the stock. The stock presently has a consensus rating of Hold and an average target price of $31.00.

Shares of NASDAQ:SYKE traded up $0.41 during midday trading on Tuesday, reaching $29.18. The company’s stock had a trading volume of 111,088 shares, compared to its average volume of 149,835. The business has a 50 day moving average of $27.46. The stock has a market capitalization of $1.23 billion, a price-to-earnings ratio of 14.45, a P/E/G ratio of 1.34 and a beta of 0.85. The company has a quick ratio of 2.27, a current ratio of 2.27 and a debt-to-equity ratio of 0.33. Sykes Enterprises has a 12-month low of $22.67 and a 12-month high of $31.41.

Sykes Enterprises (NASDAQ:SYKE) last released its earnings results on Monday, May 6th. The information technology services provider reported $0.45 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.43 by $0.02. The firm had revenue of $402.93 million for the quarter, compared to the consensus estimate of $404.73 million. Sykes Enterprises had a net margin of 3.08% and a return on equity of 10.53%. The company’s revenue was down 2.8% compared to the same quarter last year. During the same period in the prior year, the firm earned $0.43 EPS. As a group, analysts predict that Sykes Enterprises will post 2.15 EPS for the current fiscal year.

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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