Sykes Enterprises (NASDAQ:SYKE) Releases Quarterly Earnings Results, Beats Expectations By $0.11 EPS

Sykes Enterprises (NASDAQ:SYKE) issued its quarterly earnings data on Tuesday. The information technology services provider reported $0.41 earnings per share for the quarter, topping the consensus estimate of $0.30 by $0.11, Briefing.com reports. Sykes Enterprises had a net margin of 3.08% and a return on equity of 10.53%. The company had revenue of $389.00 million for the quarter, compared to analysts’ expectations of $395.88 million. During the same quarter in the previous year, the firm posted $0.42 earnings per share. Sykes Enterprises’s revenue for the quarter was down 2.0% on a year-over-year basis.

SYKE stock traded up $0.13 during trading on Friday, reaching $28.13. The stock had a trading volume of 11,960 shares, compared to its average volume of 110,949. Sykes Enterprises has a one year low of $22.67 and a one year high of $31.47. The company has a debt-to-equity ratio of 0.33, a current ratio of 2.27 and a quick ratio of 2.27. The stock has a 50 day moving average price of $27.55. The stock has a market cap of $1.19 billion, a P/E ratio of 13.91, a price-to-earnings-growth ratio of 1.36 and a beta of 0.85.

Several brokerages recently weighed in on SYKE. BidaskClub raised shares of Sykes Enterprises from a “hold” rating to a “buy” rating in a research note on Wednesday, July 17th. ValuEngine cut shares of Sykes Enterprises from a “hold” rating to a “sell” rating in a research report on Thursday. TheStreet raised shares of Sykes Enterprises from a “c+” rating to a “b-” rating in a research report on Wednesday, July 24th. Sidoti cut their price target on shares of Sykes Enterprises from $39.00 to $36.00 and set a “buy” rating on the stock in a research report on Wednesday. Finally, SunTrust Banks cut shares of Sykes Enterprises from a “buy” rating to a “hold” rating and cut their price target for the company from $33.00 to $31.00 in a research report on Friday, April 12th. Two research analysts have rated the stock with a sell rating, two have issued a hold rating and two have given a buy rating to the company. The company has a consensus rating of “Hold” and a consensus target price of $33.50.

About Sykes Enterprises

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 for Sykes Enterprises (NASDAQ:SYKE)

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