Somewhat Favorable Media Coverage Somewhat Unlikely to Impact Sykes Enterprises, (SYKE) Stock Price
News headlines about Sykes Enterprises, (NASDAQ:SYKE) have trended somewhat positive recently, according to Accern Sentiment Analysis. The research firm scores the sentiment of news coverage by reviewing more than twenty million news and blog sources in real time. Accern ranks coverage of public companies on a scale of negative one to positive one, with scores nearest to one being the most favorable. Sykes Enterprises, earned a daily sentiment score of 0.16 on Accern’s scale. Accern also assigned news stories about the information technology services provider an impact score of 46.4054844460449 out of 100, meaning that recent news coverage is somewhat unlikely to have an impact on the stock’s share price in the immediate future.
SYKE has been the subject of several analyst reports. Zacks Investment Research downgraded Sykes Enterprises, from a “strong-buy” rating to a “hold” rating in a report on Tuesday, July 18th. Robert W. Baird reduced their target price on Sykes Enterprises, from $36.00 to $30.00 and set a “neutral” rating for the company in a report on Tuesday, August 8th.
Shares of Sykes Enterprises, (NASDAQ SYKE) traded up 0.21% during midday trading on Monday, hitting $26.56. The stock had a trading volume of 140,412 shares. The firm’s 50-day moving average price is $28.85 and its 200-day moving average price is $30.53. Sykes Enterprises, has a one year low of $25.77 and a one year high of $34.49. The firm has a market capitalization of $1.11 billion, a PE ratio of 16.70 and a beta of 0.82.
Sykes Enterprises, (NASDAQ:SYKE) last announced its quarterly earnings data on Monday, August 7th. The information technology services provider reported $0.37 EPS for the quarter, topping analysts’ consensus estimates of $0.32 by $0.05. Sykes Enterprises, had a return on equity of 11.21% and a net margin of 4.36%. The business had revenue of $375.40 million during the quarter, compared to analysts’ expectations of $376.83 million. During the same period in the previous year, the firm earned $0.36 earnings per share. The firm’s quarterly revenue was up 3.0% compared to the same quarter last year. On average, equities analysts predict that Sykes Enterprises, will post $1.80 EPS for the current year.
In related news, CEO Charles E. Sykes sold 20,000 shares of Sykes Enterprises, stock in a transaction on Wednesday, August 30th. The stock was sold at an average price of $26.27, for a total transaction of $525,400.00. Following the completion of the sale, the chief executive officer now directly owns 337,999 shares of the company’s stock, valued at $8,879,233.73. The sale was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. 2.70% of the stock is owned by insiders.
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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.
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