Sykes Enterprises, (SYKE) Earns Daily Coverage Optimism Score of 0.19
Headlines about Sykes Enterprises, (NASDAQ:SYKE) have trended somewhat positive this week, Accern Sentiment reports. The research group scores the sentiment of news coverage by reviewing more than 20 million blog and news sources in real-time. Accern ranks coverage of companies on a scale of negative one to one, with scores closest to one being the most favorable. Sykes Enterprises, earned a coverage optimism score of 0.19 on Accern’s scale. Accern also gave news articles about the information technology services provider an impact score of 46.9621418545438 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.
SYKE has been the topic of a number of research analyst reports. Zacks Investment Research upgraded Sykes Enterprises, from a “hold” rating to a “buy” rating and set a $37.00 target price on the stock in a research report on Thursday, July 13th. Robert W. Baird decreased their target price on Sykes Enterprises, from $36.00 to $30.00 and set a “neutral” rating on the stock in a research report on Tuesday, August 8th.
Shares of Sykes Enterprises, (NASDAQ SYKE) traded up 1.24% during midday trading on Friday, reaching $26.97. The company’s stock had a trading volume of 349,598 shares. Sykes Enterprises, has a 52 week low of $25.77 and a 52 week high of $34.49. The stock has a market capitalization of $1.13 billion, a PE ratio of 16.96 and a beta of 0.82. The company has a 50 day moving average price of $27.94 and a 200-day moving average price of $30.44.
Sykes Enterprises, (NASDAQ:SYKE) last issued its quarterly earnings results on Monday, August 7th. The information technology services provider reported $0.37 earnings per share for the quarter, beating the Zacks’ consensus estimate of $0.32 by $0.05. Sykes Enterprises, had a net margin of 4.36% and a return on equity of 11.21%. The firm had revenue of $375.40 million for the quarter, compared to analyst estimates of $376.83 million. During the same period last year, the company posted $0.36 EPS. Sykes Enterprises,’s quarterly revenue was up 3.0% compared to the same quarter last year. On average, equities research analysts expect that Sykes Enterprises, will post $1.80 EPS for the current year.
In other Sykes Enterprises, news, CEO Charles E. Sykes sold 20,000 shares of the firm’s stock in a transaction that occurred on Wednesday, August 30th. The shares were sold at an average price of $26.27, for a total value of $525,400.00. Following the transaction, the chief executive officer now directly owns 337,999 shares of the company’s stock, valued at approximately $8,879,233.73. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Company insiders own 2.70% of the company’s stock.
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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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