Wall Street analysts expect Sykes Enterprises, Incorporated (NASDAQ:SYKE) to report $402.51 million in sales for the current quarter, according to Zacks Investment Research. Two analysts have issued estimates for Sykes Enterprises’ earnings. The lowest sales estimate is $402.02 million and the highest is $403.00 million. Sykes Enterprises posted sales of $399.33 million in the same quarter last year, which would indicate a positive year over year growth rate of 0.8%. The firm is expected to report its next earnings results on Monday, November 4th.
According to Zacks, analysts expect that Sykes Enterprises will report full year sales of $1.64 billion for the current year, with estimates ranging from $1.63 billion to $1.66 billion. For the next year, analysts forecast that the firm will report sales of $1.69 billion, with estimates ranging from $1.67 billion to $1.71 billion. Zacks’ sales calculations are an average based on a survey of sell-side research firms that cover Sykes Enterprises.
Sykes Enterprises (NASDAQ:SYKE) last posted its earnings results on Tuesday, July 30th. The information technology services provider reported $0.41 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.30 by $0.11. The company had revenue of $389.00 million during the quarter, compared to the consensus estimate of $395.88 million. Sykes Enterprises had a net margin of 3.35% and a return on equity of 10.36%. The firm’s quarterly revenue was down 2.0% on a year-over-year basis. During the same period in the previous year, the firm posted $0.42 earnings per share.
NASDAQ SYKE traded up $0.30 on Wednesday, reaching $30.48. 107,900 shares of the company’s stock traded hands, compared to its average volume of 152,132. The firm has a market cap of $1.27 billion, a price-to-earnings ratio of 15.09, a P/E/G ratio of 1.46 and a beta of 0.83. The stock has a 50 day moving average price of $30.19 and a 200-day moving average price of $28.08. Sykes Enterprises has a fifty-two week low of $22.67 and a fifty-two week high of $31.76. The company has a debt-to-equity ratio of 0.32, a quick ratio of 2.28 and a current ratio of 2.28.
In other Sykes Enterprises news, insider David Pearson sold 5,000 shares of Sykes Enterprises stock in a transaction on Wednesday, August 21st. The shares were sold at an average price of $29.05, for a total value of $145,250.00. Following the completion of the transaction, the insider now owns 57,457 shares of the company’s stock, valued at $1,669,125.85. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. 3.80% of the stock is currently owned by insiders.
A number of institutional investors and hedge funds have recently added to or reduced their stakes in SYKE. Campbell & CO Investment Adviser LLC purchased a new stake in shares of Sykes Enterprises during the second quarter worth about $203,000. First Citizens Bank & Trust Co. purchased a new stake in shares of Sykes Enterprises during the third quarter worth about $209,000. Macquarie Group Ltd. purchased a new stake in shares of Sykes Enterprises during the second quarter worth about $277,000. First Hawaiian Bank purchased a new stake in shares of Sykes Enterprises during the third quarter worth about $279,000. Finally, Pacer Advisors Inc. purchased a new stake in shares of Sykes Enterprises during the second quarter worth about $310,000. 89.81% of the stock is owned by institutional investors.
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.
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