Equities analysts expect that Sykes Enterprises, Incorporated (NASDAQ:SYKE) will report sales of $396.16 million for the current quarter, Zacks Investment Research reports. Three analysts have made estimates for Sykes Enterprises’ earnings, with estimates ranging from $395.47 million to $397.00 million. Sykes Enterprises posted sales of $396.79 million in the same quarter last year, which suggests a negative year-over-year growth rate of 0.2%. The company is expected to announce its next earnings report on Monday, August 5th.
According to Zacks, analysts expect that Sykes Enterprises will report full-year sales of $1.66 billion for the current fiscal year. For the next year, analysts expect that the business will report sales of $1.71 billion, with estimates ranging from $1.70 billion to $1.72 billion. Zacks Investment Research’s sales averages are a mean average based on a survey of analysts that cover Sykes Enterprises.
Sykes Enterprises (NASDAQ:SYKE) last posted its quarterly earnings data on Monday, May 6th. The information technology services provider reported $0.45 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.43 by $0.02. Sykes Enterprises had a net margin of 3.08% and a return on equity of 10.53%. The business had revenue of $402.93 million during the quarter, compared to analyst estimates of $404.73 million. During the same quarter last year, the firm posted $0.43 earnings per share. The business’s revenue for the quarter was down 2.8% compared to the same quarter last year.
A number of hedge funds have recently added to or reduced their stakes in SYKE. Teachers Advisors LLC raised its stake in Sykes Enterprises by 15.2% in the third quarter. Teachers Advisors LLC now owns 147,521 shares of the information technology services provider’s stock worth $4,498,000 after buying an additional 19,434 shares in the last quarter. Morgan Stanley raised its stake in Sykes Enterprises by 3.0% in the third quarter. Morgan Stanley now owns 266,871 shares of the information technology services provider’s stock worth $8,137,000 after buying an additional 7,700 shares in the last quarter. Bank of Montreal Can raised its stake in Sykes Enterprises by 24.7% in the fourth quarter. Bank of Montreal Can now owns 117,662 shares of the information technology services provider’s stock worth $2,910,000 after buying an additional 23,322 shares in the last quarter. Zurcher Kantonalbank Zurich Cantonalbank raised its stake in Sykes Enterprises by 41.3% in the fourth quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 2,990 shares of the information technology services provider’s stock worth $74,000 after buying an additional 874 shares in the last quarter. Finally, Arizona State Retirement System raised its stake in Sykes Enterprises by 6.1% in the fourth quarter. Arizona State Retirement System now owns 61,271 shares of the information technology services provider’s stock worth $1,515,000 after buying an additional 3,502 shares in the last quarter. 88.63% of the stock is currently owned by institutional investors.
Shares of NASDAQ SYKE traded up $0.17 during midday trading on Friday, hitting $25.89. The company’s stock had a trading volume of 119,972 shares, compared to its average volume of 152,214. The company has a debt-to-equity ratio of 0.33, a quick ratio of 2.27 and a current ratio of 2.27. Sykes Enterprises has a 1 year low of $22.67 and a 1 year high of $31.41. The firm has a market cap of $1.09 billion, a price-to-earnings ratio of 12.82, a PEG ratio of 1.20 and a beta of 0.82.
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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