News coverage about Sykes Enterprises (NASDAQ:SYKE) has trended somewhat positive recently, Accern reports. Accern scores the sentiment of media coverage by reviewing more than twenty million news and blog sources. Accern ranks coverage of companies on a scale of negative one to one, with scores closest to one being the most favorable. Sykes Enterprises earned a media sentiment score of 0.18 on Accern’s scale. Accern also gave news stories about the information technology services provider an impact score of 45.2137799507343 out of 100, meaning that recent media coverage is somewhat unlikely to have an impact on the stock’s share price in the next few days.
These are some of the news stories that may have impacted Accern Sentiment’s scoring:
- Chuck Sykes (customerthink.com)
- January Job Fair Perfect Timing for New Year’s Resolutions (patch.com)
- Sykes Enterprises (SYKE) Rating Lowered to Hold at Zacks Investment Research (americanbankingnews.com)
- Analysts Expect Sykes Enterprises, Incorporated (SYKE) to Post $0.40 Earnings Per Share (americanbankingnews.com)
SYKE has been the topic of several research reports. Zacks Investment Research cut Sykes Enterprises from a “buy” rating to a “hold” rating in a research report on Wednesday. SunTrust Banks reaffirmed a “buy” rating and set a $34.00 target price on shares of Sykes Enterprises in a research report on Monday, October 9th. BidaskClub cut Sykes Enterprises from a “buy” rating to a “hold” rating in a research report on Saturday, December 2nd. Finally, Robert W. Baird reissued a “hold” rating and issued a $29.00 price objective on shares of Sykes Enterprises in a research report on Sunday, October 22nd. One equities research analyst has rated the stock with a sell rating, two have assigned a hold rating and two have issued a buy rating to the stock. The stock has a consensus rating of “Hold” and a consensus target price of $33.50.
Sykes Enterprises (NASDAQ SYKE) traded up $0.49 during midday trading on Friday, hitting $31.89. The company’s stock had a trading volume of 143,735 shares, compared to its average volume of 123,344. The stock has a market cap of $1,346.98, a price-to-earnings ratio of 15.32, a P/E/G ratio of 1.56 and a beta of 0.89. Sykes Enterprises has a twelve month low of $25.77 and a twelve month high of $34.49. The company has a debt-to-equity ratio of 0.33, a current ratio of 3.29 and a quick ratio of 3.29.
Sykes Enterprises (NASDAQ:SYKE) last announced its quarterly earnings results on Monday, November 6th. The information technology services provider reported $0.62 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.44 by $0.18. Sykes Enterprises had a return on equity of 11.33% and a net margin of 4.32%. The firm had revenue of $407.31 million during the quarter, compared to analyst estimates of $399.22 million. During the same quarter in the previous year, the business earned $0.55 EPS. Sykes Enterprises’s revenue for the quarter was up 5.6% compared to the same quarter last year. sell-side analysts expect that Sykes Enterprises will post 1.93 earnings per share for the current year.
In other Sykes Enterprises news, CEO Charles E. Sykes sold 10,000 shares of the business’s stock in a transaction that occurred on Monday, December 4th. The stock was sold at an average price of $31.16, for a total value of $311,600.00. Following the sale, the chief executive officer now owns 275,589 shares of the company’s stock, valued at $8,587,353.24. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, CEO Charles E. Sykes sold 40,000 shares of the business’s stock in a transaction that occurred on Friday, December 1st. The shares were sold at an average price of $31.17, for a total value of $1,246,800.00. Following the completion of the sale, the chief executive officer now directly owns 285,189 shares in the company, valued at approximately $8,889,341.13. The disclosure for this sale can be found here. Insiders own 2.70% of the company’s stock.
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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