StarTek (SRT) Getting Positive News Coverage, Analysis Finds

News headlines about StarTek (NYSE:SRT) have trended positive this week, AlphaOne Sentiment reports. AlphaOne, a subsidiary of Accern, identifies negative and positive press coverage by analyzing more than 20 million news and blog sources. AlphaOne ranks coverage of companies on a scale of negative one to positive one, with scores nearest to one being the most favorable. StarTek earned a daily sentiment score of 0.46 on AlphaOne’s scale. AlphaOne also assigned media stories about the business services provider an impact score of 0 out of 100, indicating that recent press coverage is extremely unlikely to have an impact on the stock’s share price in the near term.

StarTek (NYSE:SRT) last issued its quarterly earnings data on Tuesday, February 21st. The business services provider reported $0.07 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $0.11 by $0.04. StarTek had a negative return on equity of 1.10% and a negative net margin of 0.15%. The firm had revenue of $77.13 million during the quarter, compared to the consensus estimate of $84.47 million. During the same period in the previous year, the company posted $0.02 earnings per share.

SRT has been the subject of several recent analyst reports. Lake Street Capital raised their target price on StarTek from $9.00 to $10.00 and gave the stock a “buy” rating in a research report on Wednesday, February 22nd. Zacks Investment Research raised StarTek from a “strong sell” rating to a “hold” rating in a research report on Wednesday, April 26th.

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StarTek Company Profile

StarTek, Inc is a customer engagement business process outsourcing (BPO) services provider, delivering customer care solutions. The Company operates through three segments: Domestic, Nearshore and Offshore. As of December 31, 2016, its Domestic segment included the operations of 13 facilities in the United States and one facility in Canada; its Offshore segment included the operations of four facilities in the Philippines, and its Nearshore segment included the operations of two facilities in Honduras and one facility in Jamaica.

12 Month Chart for NYSE:SRT

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