Sykes Enterprises (NASDAQ:SYKE)‘s stock had its “hold” rating reaffirmed by stock analysts at Barrington Research in a note issued to investors on Sunday. Barrington Research also issued estimates for Sykes Enterprises’ FY2018 earnings at $2.01 EPS.
Several other research firms have also issued reports on SYKE. BidaskClub lowered shares of Sykes Enterprises from a “buy” rating to a “hold” rating in a research report on Saturday, December 2nd. Zacks Investment Research lowered shares of Sykes Enterprises from a “buy” rating to a “hold” rating in a research report on Wednesday, January 10th. Finally, ValuEngine raised shares of Sykes Enterprises from a “hold” rating to a “buy” rating in a research report on Friday, February 2nd. Four investment analysts have rated the stock with a hold rating and two have assigned a buy rating to the company. The company presently has a consensus rating of “Hold” and a consensus price target of $32.00.
Shares of Sykes Enterprises (SYKE) opened at $30.70 on Friday. The company has a market cap of $1,317.00, a P/E ratio of 39.87, a PEG ratio of 1.53 and a beta of 0.86. The company has a current ratio of 3.58, a quick ratio of 3.58 and a debt-to-equity ratio of 0.35. Sykes Enterprises has a 12-month low of $25.77 and a 12-month high of $34.49.
Sykes Enterprises (NASDAQ:SYKE) last released its quarterly earnings results on Monday, February 26th. The information technology services provider reported $0.47 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.40 by $0.07. The firm had revenue of $419.25 million for the quarter, compared to analyst estimates of $410.02 million. Sykes Enterprises had a net margin of 2.03% and a return on equity of 10.80%. The business’s revenue for the quarter was up 7.7% compared to the same quarter last year. During the same quarter in the previous year, the company earned $0.52 EPS. analysts forecast that Sykes Enterprises will post 2 earnings per share for the current year.
A number of hedge funds and other institutional investors have recently bought and sold shares of the business. MetLife Investment Advisors LLC bought a new stake in Sykes Enterprises during the fourth quarter worth $586,000. Gotham Asset Management LLC bought a new position in shares of Sykes Enterprises in the fourth quarter valued at about $462,000. Macquarie Group Ltd. raised its position in shares of Sykes Enterprises by 48.8% in the fourth quarter. Macquarie Group Ltd. now owns 6,346 shares of the information technology services provider’s stock valued at $200,000 after purchasing an additional 2,080 shares during the period. PEAK6 Investments L.P. bought a new position in shares of Sykes Enterprises in the fourth quarter valued at about $229,000. Finally, Millennium Management LLC bought a new position in shares of Sykes Enterprises in the fourth quarter valued at about $2,461,000. 86.22% of the stock is currently owned by hedge funds and other institutional investors.
About Sykes Enterprises
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.