Sykes Enterprises (NASDAQ:SYKE) Releases Quarterly Earnings Results, Beats Estimates By $0.11 EPS

Sykes Enterprises (NASDAQ:SYKE) announced its quarterly earnings data on Tuesday. The information technology services provider reported $0.41 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.30 by $0.11, reports. The business had revenue of $389.00 million for the quarter, compared to the consensus estimate of $395.88 million. Sykes Enterprises had a net margin of 3.08% and a return on equity of 10.53%. The company’s quarterly revenue was down 2.0% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $0.42 earnings per share.

NASDAQ:SYKE traded down $0.89 during trading hours on Wednesday, reaching $28.29. 404,885 shares of the company were exchanged, compared to its average volume of 151,419. The company has a current ratio of 2.27, a quick ratio of 2.27 and a debt-to-equity ratio of 0.33. The stock has a market cap of $1.23 billion, a price-to-earnings ratio of 14.00, a price-to-earnings-growth ratio of 1.34 and a beta of 0.85. Sykes Enterprises has a 52-week low of $22.67 and a 52-week high of $31.47. The company’s 50 day moving average is $27.46.

SYKE has been the topic of a number of recent analyst reports. BidaskClub raised shares of Sykes Enterprises from a “hold” rating to a “buy” rating in a research note on Wednesday, July 17th. Sidoti cut their price target on shares of Sykes Enterprises from $39.00 to $36.00 and set a “buy” rating on the stock in a research note on Wednesday. TheStreet raised shares of Sykes Enterprises from a “c+” rating to a “b-” rating in a research note on Wednesday, July 24th. Finally, SunTrust Banks downgraded shares of Sykes Enterprises from a “buy” rating to a “hold” rating and cut their price target for the stock from $33.00 to $31.00 in a research note on Friday, April 12th. One investment analyst has rated the stock with a sell rating, three have assigned a hold rating and two have assigned a buy rating to the stock. The stock currently has an average rating of “Hold” and a consensus price target of $33.50.

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 for Sykes Enterprises (NASDAQ:SYKE)

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