Sykes Enterprises, Incorporated (NASDAQ:SYKE) issued an update on its second quarter earnings guidance on Monday morning. The company provided earnings per share guidance of $0.42-0.45 for the period, compared to the Thomson Reuters consensus earnings per share estimate of $0.32. The company issued revenue guidance of $397-402 million, compared to the consensus revenue estimate of $376.83 million.Sykes Enterprises, also updated its FY17 guidance to $1.77-1.83 EPS.
Sykes Enterprises, Incorporated (NASDAQ SYKE) opened at 26.14 on Friday. The stock has a 50 day moving average price of $31.90 and a 200 day moving average price of $30.68. The firm has a market capitalization of $1.09 billion, a price-to-earnings ratio of 16.44 and a beta of 0.75. Sykes Enterprises, Incorporated has a 1-year low of $25.77 and a 1-year high of $34.49.
Sykes Enterprises, (NASDAQ:SYKE) last announced its quarterly earnings data on Monday, August 7th. The information technology services provider reported $0.37 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.32 by $0.05. The company had revenue of $375.40 million during the quarter, compared to analysts’ expectations of $376.83 million. Sykes Enterprises, had a return on equity of 11.21% and a net margin of 4.36%. Sykes Enterprises,’s revenue for the quarter was up 3.0% compared to the same quarter last year. During the same quarter last year, the company earned $0.36 EPS. Analysts predict that Sykes Enterprises, Incorporated will post $1.80 EPS for the current year.
Several equities analysts have recently weighed in on the company. Zacks Investment Research cut Sykes Enterprises, from a hold rating to a strong sell rating in a report on Saturday, August 12th. Robert W. Baird decreased their price objective on Sykes Enterprises, from $36.00 to $30.00 and set a neutral rating for the company in a report on Tuesday, August 8th.
In related news, VP James T. Holder sold 2,500 shares of Sykes Enterprises, stock in a transaction dated Monday, May 22nd. The stock was sold at an average price of $33.00, for a total transaction of $82,500.00. Following the completion of the transaction, the vice president now owns 19,119 shares in the company, valued at $630,927. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, insider Jenna Nelson sold 3,672 shares of Sykes Enterprises, stock in a transaction dated Friday, June 2nd. The stock was sold at an average price of $33.99, for a total value of $124,811.28. Following the transaction, the insider now owns 14,520 shares of the company’s stock, valued at approximately $493,534.80. The disclosure for this sale can be found here. 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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