Equities analysts expect Sykes Enterprises, Incorporated (NASDAQ:SYKE) to post sales of $457.33 million for the current fiscal quarter, Zacks reports. Two analysts have made estimates for Sykes Enterprises’ earnings, with estimates ranging from $456.70 million to $457.95 million. Sykes Enterprises posted sales of $411.17 million in the same quarter last year, which would indicate a positive year-over-year growth rate of 11.2%. The firm is expected to announce its next quarterly earnings report on Monday, May 3rd.
On average, analysts expect that Sykes Enterprises will report full year sales of $1.85 billion for the current year, with estimates ranging from $1.84 billion to $1.85 billion. For the next financial year, analysts anticipate that the company will report sales of $1.93 billion. Zacks’ sales calculations are an average based on a survey of sell-side research firms that that provide coverage for Sykes Enterprises.
Sykes Enterprises (NASDAQ:SYKE) last posted its earnings results on Monday, February 22nd. The information technology services provider reported $0.81 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.77 by $0.04. The business had revenue of $450.54 million during the quarter, compared to analysts’ expectations of $442.00 million. Sykes Enterprises had a return on equity of 12.31% and a net margin of 3.21%. Sykes Enterprises’s revenue for the quarter was up 5.9% compared to the same quarter last year. During the same period in the prior year, the business earned $0.56 EPS.
In other Sykes Enterprises news, VP James T. Holder sold 888 shares of the firm’s stock in a transaction dated Wednesday, March 24th. The stock was sold at an average price of $43.87, for a total value of $38,956.56. Following the sale, the vice president now owns 16,089 shares of the company’s stock, valued at approximately $705,824.43. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, CFO John Chapman sold 9,000 shares of the firm’s stock in a transaction dated Friday, March 26th. The shares were sold at an average price of $45.42, for a total value of $408,780.00. Following the completion of the sale, the chief financial officer now directly owns 51,520 shares in the company, valued at approximately $2,340,038.40. The disclosure for this sale can be found here. Insiders sold a total of 76,075 shares of company stock valued at $3,368,793 in the last 90 days. Corporate insiders own 4.40% of the company’s stock.
A number of institutional investors and hedge funds have recently bought and sold shares of the stock. Everence Capital Management Inc. purchased a new stake in Sykes Enterprises in the 1st quarter worth approximately $223,000. Amundi Pioneer Asset Management Inc. raised its stake in Sykes Enterprises by 93.8% during the fourth quarter. Amundi Pioneer Asset Management Inc. now owns 5,995 shares of the information technology services provider’s stock valued at $226,000 after buying an additional 2,901 shares during the last quarter. Norges Bank purchased a new position in Sykes Enterprises during the fourth quarter valued at $26,278,000. Hsbc Holdings PLC increased its holdings in shares of Sykes Enterprises by 29.9% in the 4th quarter. Hsbc Holdings PLC now owns 13,096 shares of the information technology services provider’s stock worth $492,000 after purchasing an additional 3,011 shares in the last quarter. Finally, JPMorgan Chase & Co. increased its holdings in shares of Sykes Enterprises by 41.4% in the 4th quarter. JPMorgan Chase & Co. now owns 340,805 shares of the information technology services provider’s stock worth $12,838,000 after purchasing an additional 99,843 shares in the last quarter. Institutional investors and hedge funds own 88.73% of the company’s stock.
Shares of NASDAQ SYKE traded up $0.33 during trading hours on Friday, hitting $44.21. The company had a trading volume of 5,294 shares, compared to its average volume of 152,020. The firm’s 50 day moving average is $43.51 and its 200-day moving average is $39.51. Sykes Enterprises has a 1-year low of $22.87 and a 1-year high of $46.68. The stock has a market capitalization of $1.75 billion, a P/E ratio of 33.24, a price-to-earnings-growth ratio of 1.42 and a beta of 0.89. The company has a quick ratio of 1.97, a current ratio of 1.97 and a debt-to-equity ratio of 0.01.
About Sykes Enterprises
Sykes Enterprises, Incorporated, together with its subsidiaries, provides multichannel demand generation and customer engagement solutions and services. The company's 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 offers health information and dispatching roadside assistance.
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