Wall Street brokerages expect that Sykes Enterprises, Incorporated (NASDAQ:SYKE) will post sales of $404.58 million for the current fiscal quarter, according to Zacks. Four analysts have issued estimates for Sykes Enterprises’ earnings. The highest sales estimate is $406.10 million and the lowest is $403.80 million. Sykes Enterprises posted sales of $414.37 million during the same quarter last year, which would indicate a negative year over year growth rate of 2.4%. The business is expected to issue its next quarterly earnings report after the market closes on Monday, May 6th.

On average, analysts expect that Sykes Enterprises will report full year sales of $1.66 billion for the current fiscal year, with estimates ranging from $1.66 billion to $1.67 billion. For the next financial year, analysts expect that the firm will report sales of $1.72 billion, with estimates ranging from $1.71 billion to $1.73 billion. Zacks’ sales calculations are a mean average based on a survey of research firms that that provide coverage for Sykes Enterprises.

Sykes Enterprises (NASDAQ:SYKE) last announced 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 $0.67 by ($0.09). Sykes Enterprises had a net margin of 3.01% and a return on equity of 10.52%. The firm had revenue of $415.20 million for the quarter, compared to analysts’ expectations of $417.35 million. During the same period in the previous year, the company earned $0.47 EPS. The company’s quarterly revenue was down 1.0% on a year-over-year basis.

A number of analysts have weighed in on SYKE shares. ValuEngine upgraded shares of Sykes Enterprises from a “sell” rating to a “hold” rating in a research note on Monday, February 4th. BidaskClub lowered shares of Sykes Enterprises from a “strong-buy” rating to a “buy” rating in a research note on Friday, March 15th. Zacks Investment Research lowered shares of Sykes Enterprises from a “hold” rating to a “sell” rating in a research note on Friday, March 1st. Finally, SunTrust Banks lowered shares of Sykes Enterprises from a “buy” rating to a “hold” rating and reduced their price objective for the company from $33.00 to $31.00 in a research note on Friday, April 12th. One investment analyst has rated the stock with a sell rating, three have assigned a hold rating and one has given a buy rating to the company’s stock. Sykes Enterprises has a consensus rating of “Hold” and an average price target of $30.50.

In other news, insider Jenna Nelson sold 12,800 shares of Sykes Enterprises stock in a transaction that occurred on Friday, March 1st. The shares were sold at an average price of $29.99, for a total transaction of $383,872.00. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. Company insiders own 2.90% of the company’s stock.

Several institutional investors have recently added to or reduced their stakes in SYKE. Meeder Asset Management Inc. raised its position in shares of Sykes Enterprises by 3,276.7% during the first quarter. Meeder Asset Management Inc. now owns 1,452 shares of the information technology services provider’s stock valued at $41,000 after buying an additional 1,409 shares during the last quarter. Zurcher Kantonalbank Zurich Cantonalbank increased its position in Sykes Enterprises by 41.3% in the fourth quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 2,990 shares of the information technology services provider’s stock worth $74,000 after purchasing an additional 874 shares during the last quarter. Amundi Pioneer Asset Management Inc. bought a new stake in Sykes Enterprises in the fourth quarter worth $106,000. Mackay Shields LLC bought a new stake in Sykes Enterprises in the fourth quarter worth $222,000. Finally, United Services Automobile Association increased its position in Sykes Enterprises by 6.5% in the fourth quarter. United Services Automobile Association now owns 11,415 shares of the information technology services provider’s stock worth $282,000 after purchasing an additional 693 shares during the last quarter. Hedge funds and other institutional investors own 90.63% of the company’s stock.

NASDAQ:SYKE traded down $0.19 on Tuesday, reaching $27.62. 120,543 shares of the stock traded hands, compared to its average volume of 118,965. The firm has a market cap of $1.18 billion, a P/E ratio of 13.67, a P/E/G ratio of 1.25 and a beta of 0.78. The company has a debt-to-equity ratio of 0.12, a quick ratio of 2.78 and a current ratio of 2.78. Sykes Enterprises has a 12 month low of $22.67 and a 12 month high of $31.41.

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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