Sykes Enterprises, (SYKE) Receives Daily Coverage Optimism Rating of 0.08
Media stories about Sykes Enterprises, (NASDAQ:SYKE) have trended somewhat positive this week, Accern Sentiment reports. The research firm identifies negative and positive news coverage by analyzing more than 20 million blog and news sources in real time. Accern ranks coverage of companies on a scale of -1 to 1, with scores nearest to one being the most favorable. Sykes Enterprises, earned a coverage optimism score of 0.08 on Accern’s scale. Accern also assigned media stories about the information technology services provider an impact score of 46.6648236747381 out of 100, indicating that recent news coverage is somewhat unlikely to have an effect on the stock’s share price in the next several days.
Shares of Sykes Enterprises, (NASDAQ:SYKE) opened at 33.43 on Monday. The firm has a 50 day moving average price of $33.74 and a 200-day moving average price of $30.73. Sykes Enterprises, has a 12 month low of $25.77 and a 12 month high of $34.49. The firm has a market cap of $1.39 billion, a PE ratio of 20.91 and a beta of 0.75.
Sykes Enterprises, (NASDAQ:SYKE) last announced its quarterly earnings data on Monday, May 8th. The information technology services provider reported $0.54 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.40 by $0.14. The company had revenue of $384.01 million during the quarter, compared to analysts’ expectations of $400.15 million. Sykes Enterprises, had a return on equity of 11.39% and a net margin of 4.41%. Sykes Enterprises,’s revenue for the quarter was up 19.7% compared to the same quarter last year. During the same quarter last year, the company earned $0.42 EPS. On average, analysts predict that Sykes Enterprises, will post $2.10 EPS for the current fiscal year.
Separately, Zacks Investment Research raised Sykes Enterprises, from a “hold” rating to a “buy” rating and set a $37.00 price target for the company in a research report on Thursday, July 13th.
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In other news, Director Paul L. Whiting sold 14,164 shares of the firm’s stock in a transaction dated Monday, May 15th. The stock was sold at an average price of $32.75, for a total value of $463,871.00. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, VP James T. Holder sold 2,500 shares of the firm’s stock in a transaction dated Monday, May 22nd. The shares were sold at an average price of $33.00, for a total value of $82,500.00. Following the completion of the transaction, the vice president now owns 19,119 shares of the company’s stock, valued at approximately $630,927. The disclosure for this sale can be found here. Insiders sold a total of 20,336 shares of company stock valued at $671,182 in the last 90 days. 2.70% of the stock is owned by corporate insiders.
About Sykes Enterprises,
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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