The Sykes Enterprises (NASDAQ:SYKE) Issues Q1 Earnings Guidance

The Sykes Enterprises (NASDAQ:SYKE) Issues Q1 Earnings Guidance

Sykes Enterprises (NASDAQ:SYKE) updated its first quarter earnings guidance on Monday. The company provided EPS guidance of $0.26-0.29 for the period, compared to the Thomson Reuters consensus EPS estimate of $0.49. The company issued revenue guidance of $407-412 million, compared to the consensus revenue estimate of $400.10 million.Sykes Enterprises also updated its FY18 guidance to $1.94-2.07 EPS.

Several brokerages have recently commented on SYKE. ValuEngine raised shares of Sykes Enterprises from a hold rating to a buy rating in a research note on Friday, February 2nd. BidaskClub cut shares of Sykes Enterprises from a buy rating to a hold rating in a research report on Saturday, December 2nd. Zacks Investment Research cut shares of Sykes Enterprises from a buy rating to a hold rating in a research report on Wednesday, January 10th. Finally, Barrington Research reiterated a hold rating on shares of Sykes Enterprises in a research report on Monday. Four analysts have rated the stock with a hold rating and two have given a buy rating to the stock. The company currently has an average rating of Hold and an average price target of $32.00.

Shares of Sykes Enterprises (NASDAQ:SYKE) traded up $0.12 during midday trading on Wednesday, hitting $30.33. 3,540 shares of the company traded hands, compared to its average volume of 148,807. Sykes Enterprises has a one year low of $25.77 and a one year high of $34.49. The company has a debt-to-equity ratio of 0.35, a current ratio of 3.58 and a quick ratio of 3.58. The stock has a market capitalization of $1,286.11, a PE ratio of 14.99, a P/E/G ratio of 1.48 and a beta of 0.86.

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Sykes Enterprises (NASDAQ:SYKE) last announced its quarterly earnings results on Monday, February 26th. The information technology services provider reported $0.47 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.40 by $0.07. The company had revenue of $419.25 million for the quarter, compared to analysts’ expectations of $410.02 million. Sykes Enterprises had a net margin of 2.03% and a return on equity of 10.80%. Sykes Enterprises’s quarterly revenue was up 7.7% on a year-over-year basis. During the same quarter in the previous year, the company earned $0.52 earnings per share. equities analysts anticipate that Sykes Enterprises will post 2.02 EPS for the current year.

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.

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