StarTek Inc. (NYSE:SRT) – Investment analysts at Lake Street Capital raised their FY2016 earnings estimates for StarTek in a research note issued on Tuesday. Lake Street Capital analyst M. Blazei now anticipates that the firm will post earnings of ($0.04) per share for the year, up from their previous estimate of ($0.14). Lake Street Capital has a “Buy” rating and a $9.00 price target on the stock. Lake Street Capital also issued estimates for StarTek’s Q4 2016 earnings at $0.02 EPS.

StarTek (NYSE:SRT) last announced its quarterly earnings results on Monday, November 7th. The company reported $0.05 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of ($0.01) by $0.06. StarTek had a negative net margin of 0.15% and a negative return on equity of 1.10%. The firm earned $78.30 million during the quarter, compared to analysts’ expectations of $75.78 million. During the same period in the prior year, the company posted ($0.49) EPS.

A number of other equities analysts have also recently commented on the stock. Zacks Investment Research cut shares of StarTek from a “hold” rating to a “sell” rating in a research note on Saturday, August 13th. TheStreet raised shares of StarTek from a “sell” rating to a “hold” rating in a research note on Wednesday, September 7th.

StarTek (NYSE:SRT) opened at 8.24 on Friday. The firm’s market capitalization is $129.65 million. StarTek has a 12 month low of $3.30 and a 12 month high of $8.81. The firm has a 50-day moving average of $6.47 and a 200 day moving average of $5.09.

A hedge fund recently raised its stake in StarTek stock. Heartland Advisors Inc. boosted its position in shares of StarTek Inc. (NYSE:SRT) by 3.0% during the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 1,442,400 shares of the company’s stock after buying an additional 42,400 shares during the period. Heartland Advisors Inc. owned approximately 9.17% of StarTek worth $8,972,000 at the end of the most recent quarter. Institutional investors and hedge funds own 41.47% of the company’s stock.

StarTek Company Profile

StarTek, Inc (STARTEK) is a customer engagement business process outsourcing (BPO) services company, which is delivering customer care solutions. The Company operates its business in three segments, based on the geographic regions: Domestic, Nearshore, and Offshore. Its Domestic segment includes the operations of approximately 10 facilities in the United States and one facility in Canada.

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