Sykes Enterprises, Incorporated to Post Q1 2019 Earnings of $0.43 Per Share, Barrington Research Forecasts (SYKE)

Sykes Enterprises, Incorporated (NASDAQ:SYKE) – Research analysts at Barrington Research cut their Q1 2019 earnings per share (EPS) estimates for Sykes Enterprises in a report released on Thursday, February 28th. Barrington Research analyst V. Colicchio now expects that the information technology services provider will post earnings of $0.43 per share for the quarter, down from their prior estimate of $0.53. Barrington Research has a “Hold” rating on the stock. Barrington Research also issued estimates for Sykes Enterprises’ Q2 2019 earnings at $0.45 EPS, Q3 2019 earnings at $0.66 EPS, Q4 2019 earnings at $0.71 EPS, FY2019 earnings at $2.25 EPS and FY2020 earnings at $2.50 EPS.

Several other research firms have also commented on SYKE. ValuEngine upgraded Sykes Enterprises from a “sell” rating to a “hold” rating in a research report on Monday, November 12th. BidaskClub upgraded Sykes Enterprises from a “buy” rating to a “strong-buy” rating in a research report on Tuesday, November 13th. Finally, Zacks Investment Research lowered Sykes Enterprises from a “hold” rating to a “sell” rating in a research report on Saturday, January 5th. One equities research analyst has rated the stock with a sell rating, two have assigned a hold rating, one has given a buy rating and one has given a strong buy rating to the company. The company presently has an average rating of “Hold” and an average price target of $33.00.

Sykes Enterprises stock opened at $29.59 on Friday. The company has a debt-to-equity ratio of 0.10, a quick ratio of 2.74 and a current ratio of 2.74. Sykes Enterprises has a 12 month low of $22.67 and a 12 month high of $31.54. The company has a market capitalization of $1.33 billion, a price-to-earnings ratio of 14.80, a P/E/G ratio of 1.38 and a beta of 0.71.

Sykes Enterprises (NASDAQ:SYKE) last issued its quarterly earnings results on Monday, February 25th. The information technology services provider reported $0.58 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $0.66 by ($0.08). Sykes Enterprises had a return on equity of 10.08% and a net margin of 0.91%. The business had revenue of $415.20 million during the quarter, compared to analyst estimates of $417.35 million. During the same quarter last year, the company posted $0.47 EPS. Sykes Enterprises’s quarterly revenue was down 1.0% compared to the same quarter last year.

Several large investors have recently modified their holdings of the stock. BlackRock Inc. grew its position in Sykes Enterprises by 3.6% in the 4th quarter. BlackRock Inc. now owns 5,902,460 shares of the information technology services provider’s stock valued at $145,968,000 after acquiring an additional 206,480 shares in the last quarter. Vanguard Group Inc. grew its position in Sykes Enterprises by 1.1% in the 3rd quarter. Vanguard Group Inc. now owns 4,510,212 shares of the information technology services provider’s stock valued at $137,516,000 after acquiring an additional 50,990 shares in the last quarter. Vanguard Group Inc grew its position in Sykes Enterprises by 1.1% in the 3rd quarter. Vanguard Group Inc now owns 4,510,212 shares of the information technology services provider’s stock valued at $137,516,000 after acquiring an additional 50,990 shares in the last quarter. Dimensional Fund Advisors LP grew its position in Sykes Enterprises by 0.4% in the 3rd quarter. Dimensional Fund Advisors LP now owns 3,599,387 shares of the information technology services provider’s stock valued at $109,745,000 after acquiring an additional 14,393 shares in the last quarter. Finally, Victory Capital Management Inc. grew its position in Sykes Enterprises by 0.3% in the 4th quarter. Victory Capital Management Inc. now owns 1,735,618 shares of the information technology services provider’s stock valued at $42,922,000 after acquiring an additional 4,625 shares in the last quarter. 88.78% of the stock is owned by hedge funds and other institutional investors.

Sykes Enterprises Company Profile

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 and Estimates for Sykes Enterprises (NASDAQ:SYKE)

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