Sykes Enterprises, (SYKE) Receives News Impact Rating of 0.20
News coverage about Sykes Enterprises, (NASDAQ:SYKE) has been trending somewhat positive this week, Accern reports. Accern identifies positive and negative news coverage by reviewing more than 20 million blog and news sources in real-time. Accern ranks coverage of public companies on a scale of negative one to one, with scores closest to one being the most favorable. Sykes Enterprises, earned a coverage optimism score of 0.20 on Accern’s scale. Accern also assigned news coverage about the information technology services provider an impact score of 45.7354317709252 out of 100, indicating that recent news coverage is somewhat unlikely to have an effect on the company’s share price in the near term.
A number of brokerages have commented on SYKE. Robert W. Baird reissued a “hold” rating and set a $29.00 target price on shares of Sykes Enterprises, in a report on Sunday, September 17th. Zacks Investment Research raised Sykes Enterprises, from a “strong sell” rating to a “hold” rating and set a $33.00 target price for the company in a report on Wednesday, October 11th. Finally, SunTrust Banks, Inc. reissued a “buy” rating and set a $34.00 target price on shares of Sykes Enterprises, in a report on Monday, October 9th.
Shares of Sykes Enterprises, (NASDAQ SYKE) traded down 1.95% during trading on Monday, hitting $29.19. The company’s stock had a trading volume of 98,852 shares. Sykes Enterprises, has a one year low of $25.77 and a one year high of $34.49. The stock has a market cap of $1.22 billion, a PE ratio of 18.36 and a beta of 0.84. The company has a 50-day moving average price of $28.39 and a 200-day moving average price of $30.58.
Sykes Enterprises, (NASDAQ:SYKE) last posted its earnings results on Monday, August 7th. The information technology services provider reported $0.37 earnings per share (EPS) for the quarter, beating 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 firm had revenue of $375.40 million for the quarter, compared to analyst estimates of $376.83 million. During the same quarter in the prior year, the company earned $0.36 EPS. Sykes Enterprises,’s revenue was up 3.0% on a year-over-year basis. Equities analysts predict that Sykes Enterprises, will post $1.80 EPS for the current fiscal year.
In related news, CEO Charles E. Sykes sold 20,000 shares of the company’s stock in a transaction that occurred on Wednesday, August 30th. The stock was sold at an average price of $26.27, for a total value of $525,400.00. Following the sale, the chief executive officer now owns 337,999 shares of the company’s stock, valued at approximately $8,879,233.73. The transaction was disclosed in a filing with the SEC, which is available through this link. 2.70% of the stock is currently owned by corporate insiders.
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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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