StarTek (SRT) Scheduled to Post Quarterly Earnings on Wednesday

StarTek (NYSE:SRT) will release its earnings data after the market closes on Wednesday, August 7th. Analysts expect StarTek to post earnings of $0.01 per share for the quarter.

StarTek (NYSE:SRT) last released its earnings results on Wednesday, May 8th. The business services provider reported ($0.09) earnings per share for the quarter, missing the consensus estimate of ($0.05) by ($0.04). The firm had revenue of $161.14 million during the quarter. StarTek had a negative net margin of 5.21% and a negative return on equity of 8.22%.

NYSE SRT opened at $6.85 on Monday. The company has a debt-to-equity ratio of 0.74, a current ratio of 1.13 and a quick ratio of 1.13. The firm has a 50-day moving average price of $7.44. StarTek has a 1-year low of $5.26 and a 1-year high of $8.93.

SRT has been the subject of several research reports. ValuEngine downgraded StarTek from a “strong-buy” rating to a “buy” rating in a research report on Thursday, July 11th. Lake Street Capital set a $12.00 target price on StarTek and gave the company a “buy” rating in a research report on Friday, May 17th. Finally, Zacks Investment Research downgraded StarTek from a “hold” rating to a “sell” rating in a research report on Friday, May 10th.

In other news, Director Bharat Rao bought 274,064 shares of the company’s stock in a transaction on Friday, May 17th. The stock was bought at an average cost of $7.48 per share, with a total value of $2,049,998.72. The acquisition was disclosed in a legal filing with the SEC, which is available through this link. Insiders own 0.92% of the company’s stock.

StarTek Company Profile

StarTek, Inc operates as a business process outsourcing company that provides omnichannel customer interactions and technology back-office support solutions. It primarily offers customer engagement consulting, omnichannel engagement, social media, customer intelligence analytics, scientific research, back office, and receivables management services under the Startek and Aegis brands.

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Earnings History for StarTek (NYSE:SRT)

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