Equities analysts forecast that Sykes Enterprises, Incorporated (NASDAQ:SYKE) will announce earnings of $0.40 per share for the current quarter, Zacks reports. Four analysts have provided estimates for Sykes Enterprises’ earnings. Sykes Enterprises posted earnings of $0.52 per share in the same quarter last year, which suggests a negative year-over-year growth rate of 23.1%. The company is scheduled to report its next earnings report on Monday, February 26th.

According to Zacks, analysts expect that Sykes Enterprises will report full-year earnings of $1.93 per share for the current fiscal year. For the next financial year, analysts forecast that the company will post earnings of $2.02 per share, with EPS estimates ranging from $1.95 to $2.07. Zacks’ EPS averages are an average based on a survey of research firms that that provide coverage for Sykes Enterprises.

Sykes Enterprises (NASDAQ:SYKE) last issued its quarterly earnings data on Monday, November 6th. The information technology services provider reported $0.62 EPS for the quarter, beating the consensus estimate of $0.44 by $0.18. The company had revenue of $407.31 million for the quarter, compared to analyst estimates of $399.22 million. Sykes Enterprises had a return on equity of 11.33% and a net margin of 4.32%. Sykes Enterprises’s quarterly revenue was up 5.6% compared to the same quarter last year. During the same period last year, the company earned $0.55 earnings per share.

Several research firms have recently weighed in on SYKE. Robert W. Baird restated a “hold” rating and issued a $29.00 target price on shares of Sykes Enterprises in a research report on Sunday, September 17th. BidaskClub downgraded Sykes Enterprises from a “buy” rating to a “hold” rating in a research report on Saturday, December 2nd. Zacks Investment Research upgraded Sykes Enterprises from a “strong sell” rating to a “hold” rating and set a $33.00 target price on the stock in a research report on Wednesday, October 11th. Finally, SunTrust Banks restated a “buy” rating and issued a $34.00 target price on shares of Sykes Enterprises in a research report on Monday, October 9th. Three equities research analysts have rated the stock with a hold rating and two have issued a buy rating to the company’s stock. The stock has a consensus rating of “Hold” and an average target price of $33.50.

In related news, CEO Charles E. Sykes sold 40,000 shares of Sykes Enterprises stock in a transaction that occurred on Friday, December 1st. The stock was sold at an average price of $31.17, for a total transaction of $1,246,800.00. Following the transaction, the chief executive officer now owns 285,189 shares in the company, valued at $8,889,341.13. The sale was disclosed in a document filed with the SEC, which is accessible through this link. Also, CEO Charles E. Sykes sold 10,000 shares of Sykes Enterprises stock in a transaction that occurred on Monday, December 4th. The stock was sold at an average price of $31.16, for a total value of $311,600.00. Following the transaction, the chief executive officer now owns 275,589 shares in the company, valued at approximately $8,587,353.24. The disclosure for this sale can be found here. Company insiders own 2.70% of the company’s stock.

Institutional investors have recently made changes to their positions in the stock. BNP Paribas Arbitrage SA lifted its position in Sykes Enterprises by 44.4% during the second quarter. BNP Paribas Arbitrage SA now owns 15,639 shares of the information technology services provider’s stock worth $524,000 after buying an additional 4,807 shares in the last quarter. Federated Investors Inc. PA lifted its position in Sykes Enterprises by 44.0% during the second quarter. Federated Investors Inc. PA now owns 46,305 shares of the information technology services provider’s stock worth $1,553,000 after buying an additional 14,159 shares in the last quarter. Renaissance Technologies LLC lifted its position in Sykes Enterprises by 5.2% during the second quarter. Renaissance Technologies LLC now owns 653,673 shares of the information technology services provider’s stock worth $21,918,000 after buying an additional 32,100 shares in the last quarter. SG Americas Securities LLC lifted its position in Sykes Enterprises by 55.6% during the second quarter. SG Americas Securities LLC now owns 16,171 shares of the information technology services provider’s stock worth $542,000 after buying an additional 5,781 shares in the last quarter. Finally, Boston Partners lifted its position in Sykes Enterprises by 2.8% during the third quarter. Boston Partners now owns 1,348,116 shares of the information technology services provider’s stock worth $39,311,000 after buying an additional 36,192 shares in the last quarter. Hedge funds and other institutional investors own 85.72% of the company’s stock.

Sykes Enterprises (SYKE) opened at $30.75 on Thursday. The firm has a market capitalization of $1,329.82, a P/E ratio of 15.12, a PEG ratio of 1.61 and a beta of 0.89. Sykes Enterprises has a 1 year low of $25.77 and a 1 year high of $34.49. The company has a debt-to-equity ratio of 0.33, a current ratio of 3.29 and a quick ratio of 3.29.

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Sykes Enterprises Company Profile

Sykes Enterprises, Incorporated is engaged in providing outsourced customer contact management solutions and services in the business process outsourcing (BPO) arena on a global basis. The Company has operations in two segments: the Americas, which includes the United States, Canada, Latin America, Australia and the Asia Pacific Rim, and EMEA, which includes Europe, the Middle East and Africa.

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Earnings History and Estimates for Sykes Enterprises (NASDAQ:SYKE)

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