Somewhat Positive Media Coverage Somewhat Unlikely to Affect StarTek (SRT) Stock Price
Media stories about StarTek (NYSE:SRT) have trended somewhat positive recently, according to Accern. The research firm ranks the sentiment of press coverage by analyzing more than twenty million blog and news sources in real time. Accern ranks coverage of public companies on a scale of negative one to positive one, with scores nearest to one being the most favorable. StarTek earned a media sentiment score of 0.16 on Accern’s scale. Accern also gave headlines about the business services provider an impact score of 46.9059070330163 out of 100, indicating that recent press coverage is somewhat unlikely to have an effect on the stock’s share price in the near term.
These are some of the news headlines that may have impacted Accern Sentiment’s scoring:
- StarTek, Inc. (SRT) Posts Quarterly Earnings Results, Beats Expectations By $0.01 EPS (americanbankingnews.com)
- Investor Network: StarTek, Inc. to Host Earnings Call (finance.yahoo.com)
- STARTEK Reports Second Quarter 2017 Results (finance.yahoo.com)
- StarTek posts 2Q profit (finance.yahoo.com)
- Edited Transcript of SRT earnings conference call or presentation 9-Aug-17 8:30pm GMT (finance.yahoo.com)
Several research firms have recently commented on SRT. Lake Street Capital increased their price target on shares of StarTek from $11.00 to $14.00 and gave the company a “buy” rating in a research note on Thursday. Zacks Investment Research cut shares of StarTek from a “buy” rating to a “hold” rating in a research note on Thursday, July 20th.
StarTek (NYSE SRT) opened at 12.23 on Monday. StarTek has a 52 week low of $4.23 and a 52 week high of $14.78. The company has a market capitalization of $195.06 million, a PE ratio of 46.68 and a beta of -0.07. The firm has a 50-day moving average of $12.60 and a 200-day moving average of $10.20.
StarTek (NYSE:SRT) last posted its earnings results on Wednesday, August 9th. The business services provider reported $0.03 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.02 by $0.01. StarTek had a net margin of 1.43% and a return on equity of 9.60%. The firm had revenue of $73.98 million for the quarter, compared to analyst estimates of $76.84 million. During the same period in the previous year, the firm posted ($0.11) EPS. Equities analysts expect that StarTek will post $0.30 earnings per share for the current fiscal year.
In other StarTek news, Director Arnaud Ajdler sold 94,603 shares of the business’s stock in a transaction that occurred on Thursday, June 1st. The shares were sold at an average price of $11.48, for a total transaction of $1,086,042.44. Following the sale, the director now directly owns 37,507 shares of the company’s stock, valued at approximately $430,580.36. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Insiders own 17.80% of the company’s stock.
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StarTek, Inc is a customer engagement business process outsourcing (BPO) services provider, delivering customer care solutions. The Company operates through three segments: Domestic, Nearshore and Offshore. As of December 31, 2016, its Domestic segment included the operations of 13 facilities in the United States and one facility in Canada; its Offshore segment included the operations of four facilities in the Philippines, and its Nearshore segment included the operations of two facilities in Honduras and one facility in Jamaica.
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