Q3 2017 Earnings Estimate for Sykes Enterprises, Incorporated Issued By SunTrust Banks (NASDAQ:SYKE)

Sykes Enterprises, Incorporated (NASDAQ:SYKE) – Equities researchers at SunTrust Banks lowered their Q3 2017 EPS estimates for Sykes Enterprises, in a research note issued to investors on Wednesday. SunTrust Banks analyst F. Atkins now forecasts that the information technology services provider will earn $0.43 per share for the quarter, down from their prior estimate of $0.60. SunTrust Banks also issued estimates for Sykes Enterprises,’s Q4 2017 earnings at $0.47 EPS, FY2017 earnings at $1.81 EPS, Q4 2018 earnings at $0.56 EPS and FY2018 earnings at $1.95 EPS.

Sykes Enterprises, (NASDAQ:SYKE) last issued its quarterly earnings data on Monday, August 7th. The information technology services provider reported $0.37 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.32 by $0.05. The business had revenue of $375.40 million during the quarter, compared to the consensus estimate of $376.83 million. Sykes Enterprises, had a return on equity of 11.21% and a net margin of 4.36%. The business’s revenue was up 3.0% on a year-over-year basis. During the same period in the previous year, the firm posted $0.36 earnings per share. ILLEGAL ACTIVITY NOTICE: This piece of content was first published by Transcript Daily and is owned by of Transcript Daily. If you are accessing this piece of content on another publication, it was illegally stolen and reposted in violation of U.S. & international copyright and trademark law. The correct version of this piece of content can be accessed at https://transcriptdaily.com/2017/08/13/q3-2017-earnings-estimate-for-sykes-enterprises-incorporated-issued-by-suntrust-banks-nasdaqsyke.html.

Several other research firms have also weighed in on SYKE. Zacks Investment Research raised shares of Sykes Enterprises, from a “hold” rating to a “buy” rating and set a $37.00 price objective for the company in a report on Thursday, July 13th. Robert W. Baird dropped their price objective on shares of Sykes Enterprises, from $36.00 to $30.00 and set a “neutral” rating for the company in a report on Tuesday, August 8th.

Sykes Enterprises, (NASDAQ SYKE) opened at 26.93 on Friday. Sykes Enterprises, has a 12 month low of $25.77 and a 12 month high of $34.49. The firm has a market capitalization of $1.13 billion, a P/E ratio of 16.94 and a beta of 0.75. The stock’s 50 day moving average price is $32.90 and its 200 day moving average price is $30.75.

Hedge funds have recently modified their holdings of the stock. OxFORD Asset Management LLP raised its stake in shares of Sykes Enterprises, by 40.6% in the second quarter. OxFORD Asset Management LLP now owns 71,217 shares of the information technology services provider’s stock worth $2,388,000 after buying an additional 20,557 shares in the last quarter. Renaissance Technologies LLC raised its stake in shares of Sykes Enterprises, by 5.2% in the second quarter. Renaissance Technologies LLC now owns 653,673 shares of the information technology services provider’s stock worth $21,918,000 after buying an additional 32,100 shares in the last quarter. Parametric Portfolio Associates LLC raised its stake in shares of Sykes Enterprises, by 4.7% in the second quarter. Parametric Portfolio Associates LLC now owns 209,736 shares of the information technology services provider’s stock worth $7,032,000 after buying an additional 9,451 shares in the last quarter. Globeflex Capital L P raised its stake in shares of Sykes Enterprises, by 36,509.8% in the second quarter. Globeflex Capital L P now owns 15,010 shares of the information technology services provider’s stock worth $503,000 after buying an additional 14,969 shares in the last quarter. Finally, Suntrust Banks Inc. bought a new stake in shares of Sykes Enterprises, during the second quarter worth $218,000. 86.94% of the stock is owned by institutional investors and hedge funds.

In related news, VP James T. Holder sold 2,500 shares of the firm’s stock in a transaction that occurred on Monday, May 22nd. The shares were sold at an average price of $33.00, for a total value of $82,500.00. Following the completion of the sale, the vice president now owns 19,119 shares of the company’s stock, valued at $630,927. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, Director Paul L. Whiting sold 14,164 shares of the firm’s stock in a transaction that occurred on Monday, May 15th. The shares were sold at an average price of $32.75, for a total transaction of $463,871.00. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 20,336 shares of company stock valued at $671,182. Company insiders own 2.70% of the company’s stock.

Sykes Enterprises, Company Profile

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.

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

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