$404.86 Million in Sales Expected for Sykes Enterprises, Incorporated (SYKE) This Quarter
Equities analysts predict that Sykes Enterprises, Incorporated (NASDAQ:SYKE) will post sales of $404.86 million for the current quarter, Zacks Investment Research reports. Four analysts have made estimates for Sykes Enterprises’ earnings, with the highest sales estimate coming in at $406.00 million and the lowest estimate coming in at $404.18 million. Sykes Enterprises reported sales of $407.31 million during the same quarter last year, which indicates a negative year-over-year growth rate of 0.6%. The company is expected to report its next earnings results on Monday, November 5th.
According to Zacks, analysts expect that Sykes Enterprises will report full-year sales of $1.64 billion for the current year, with estimates ranging from $1.63 billion to $1.64 billion. For the next fiscal year, analysts forecast that the company will post sales of $1.70 billion per share, with estimates ranging from $1.66 billion to $1.74 billion. Zacks’ sales calculations are an average based on a survey of sell-side research firms that follow Sykes Enterprises.
Sykes Enterprises (NASDAQ:SYKE) last announced its earnings results on Monday, August 6th. The information technology services provider reported $0.42 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $0.33 by $0.09. Sykes Enterprises had a return on equity of 10.28% and a net margin of 1.39%. The firm had revenue of $396.80 million for the quarter, compared to analysts’ expectations of $402.95 million. During the same quarter in the previous year, the company earned $0.21 earnings per share. The firm’s quarterly revenue was up 5.7% compared to the same quarter last year.
In other Sykes Enterprises news, VP James T. Holder sold 8,300 shares of the company’s stock in a transaction on Tuesday, August 28th. The stock was sold at an average price of $30.05, for a total value of $249,415.00. Following the transaction, the vice president now owns 19,706 shares of the company’s stock, valued at $592,165.30. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. 2.90% of the stock is currently owned by corporate insiders.
Hedge funds and other institutional investors have recently bought and sold shares of the business. Robeco Institutional Asset Management B.V. purchased a new position in Sykes Enterprises during the 2nd quarter worth approximately $124,000. Itau Unibanco Holding S.A. purchased a new position in Sykes Enterprises during the 2nd quarter worth approximately $142,000. First Citizens Bank & Trust Co. purchased a new position in Sykes Enterprises during the 2nd quarter worth approximately $205,000. Pitcairn Co. purchased a new position in Sykes Enterprises during the 1st quarter worth approximately $207,000. Finally, Profund Advisors LLC purchased a new position in Sykes Enterprises during the 1st quarter worth approximately $207,000. Hedge funds and other institutional investors own 87.67% of the company’s stock.
Shares of NASDAQ:SYKE opened at $29.69 on Friday. Sykes Enterprises has a 12 month low of $25.90 and a 12 month high of $32.15. The company has a market cap of $1.28 billion, a P/E ratio of 14.85, a PEG ratio of 1.44 and a beta of 0.75. The company has a current ratio of 2.90, a quick ratio of 2.90 and a debt-to-equity ratio of 0.11.
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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