Equities research analysts expect Sykes Enterprises, Incorporated (NASDAQ:SYKE) to post sales of $419.04 million for the current fiscal quarter, according to Zacks. Three analysts have issued estimates for Sykes Enterprises’ earnings. The lowest sales estimate is $416.02 million and the highest is $420.80 million. Sykes Enterprises reported sales of $419.25 million during the same quarter last year, which indicates a negative year-over-year growth rate of 0.1%. The firm is expected to issue its next quarterly earnings results on Monday, February 25th.

On average, analysts expect that Sykes Enterprises will report full year sales of $1.64 billion for the current financial year, with estimates ranging from $1.63 billion to $1.64 billion. For the next year, analysts expect that the company will post sales of $1.70 billion, with estimates ranging from $1.66 billion to $1.74 billion. Zacks’ sales calculations are a mean average based on a survey of sell-side research firms that cover Sykes Enterprises.

Sykes Enterprises (NASDAQ:SYKE) last posted its quarterly earnings results on Monday, November 5th. The information technology services provider reported $0.59 EPS for the quarter, beating the consensus estimate of $0.56 by $0.03. The business had revenue of $399.30 million during the quarter, compared to analysts’ expectations of $404.79 million. Sykes Enterprises had a return on equity of 10.08% and a net margin of 0.91%. The company’s quarterly revenue was down 2.0% compared to the same quarter last year. During the same period last year, the firm earned $0.62 EPS.

SYKE has been the subject of several research reports. Barrington Research reaffirmed a “hold” rating on shares of Sykes Enterprises in a report on Monday, August 6th. ValuEngine cut Sykes Enterprises from a “hold” rating to a “sell” rating in a report on Tuesday. BidaskClub raised Sykes Enterprises from a “hold” rating to a “buy” rating in a report on Tuesday, October 23rd. SunTrust Banks reaffirmed a “buy” rating and set a $36.00 price objective on shares of Sykes Enterprises in a report on Friday, July 27th. Finally, TheStreet cut Sykes Enterprises from a “b-” rating to a “c+” rating in a report on Tuesday, August 21st. One research analyst has rated the stock with a sell rating, one has given a hold rating and three have given a buy rating to the company’s stock. The stock presently has a consensus rating of “Hold” and a consensus target price of $33.00.

In related news, VP James T. Holder sold 8,300 shares of Sykes Enterprises stock in a transaction on Tuesday, August 28th. The stock was sold at an average price of $30.05, for a total transaction of $249,415.00. Following the completion of the transaction, the vice president now directly owns 19,706 shares of the company’s stock, valued at $592,165.30. The sale was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Insiders own 2.90% of the company’s stock.

Hedge funds have recently modified their holdings of the stock. BlackRock Inc. lifted its stake in shares of Sykes Enterprises by 3.9% in the third quarter. BlackRock Inc. now owns 5,695,980 shares of the information technology services provider’s stock worth $173,671,000 after acquiring an additional 211,659 shares in the last quarter. Martingale Asset Management L P lifted its stake in shares of Sykes Enterprises by 2.2% in the third quarter. Martingale Asset Management L P now owns 183,742 shares of the information technology services provider’s stock worth $5,603,000 after acquiring an additional 3,893 shares in the last quarter. Bank of New York Mellon Corp lifted its stake in shares of Sykes Enterprises by 5.4% in the third quarter. Bank of New York Mellon Corp now owns 544,020 shares of the information technology services provider’s stock worth $16,587,000 after acquiring an additional 27,637 shares in the last quarter. Campbell & CO Investment Adviser LLC acquired a new position in shares of Sykes Enterprises in the third quarter worth about $303,000. Finally, Zeke Capital Advisors LLC acquired a new position in shares of Sykes Enterprises in the third quarter worth about $376,000. 87.55% of the stock is owned by hedge funds and other institutional investors.

Shares of SYKE traded up $0.29 during mid-day trading on Wednesday, hitting $28.55. The company’s stock had a trading volume of 166,790 shares, compared to its average volume of 150,442. The company has a debt-to-equity ratio of 0.10, a current ratio of 2.74 and a quick ratio of 2.90. The stock has a market capitalization of $1.22 billion, a P/E ratio of 14.28, a P/E/G ratio of 1.36 and a beta of 0.65. Sykes Enterprises has a 1-year low of $25.90 and a 1-year high of $32.15.

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

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