Sykes Enterprises, Incorporated (NASDAQ:SYKE) CEO Charles E. Sykes sold 40,000 shares of the stock in a transaction on Friday, December 1st. The stock was sold at an average price of $31.17, for a total value of $1,246,800.00. Following the transaction, the chief executive officer now owns 285,189 shares of the company’s stock, valued at $8,889,341.13. The transaction was disclosed in a filing with the SEC, which is available at the SEC website.
Sykes Enterprises, Incorporated (NASDAQ SYKE) opened at $30.75 on Thursday. Sykes Enterprises, Incorporated has a twelve month low of $25.77 and a twelve month high of $34.49. The company has a market capitalization of $1,329.82, a PE ratio of 15.12, a P/E/G ratio of 1.61 and a beta of 0.89. The company has a current ratio of 3.29, a quick ratio of 3.29 and a debt-to-equity ratio of 0.33.
Sykes Enterprises (NASDAQ:SYKE) last announced its earnings results on Monday, November 6th. The information technology services provider reported $0.62 EPS for the quarter, beating analysts’ consensus estimates of $0.44 by $0.18. Sykes Enterprises had a return on equity of 11.33% and a net margin of 4.32%. The company had revenue of $407.31 million during the quarter, compared to analysts’ expectations of $399.22 million. During the same period last year, the business posted $0.55 EPS. Sykes Enterprises’s revenue for the quarter was up 5.6% on a year-over-year basis. equities analysts anticipate that Sykes Enterprises, Incorporated will post 1.93 earnings per share for the current fiscal year.
A number of equities analysts have recently weighed in on SYKE shares. Zacks Investment Research cut Sykes Enterprises from a “hold” rating to a “strong sell” rating in a report on Saturday, August 12th. SunTrust Banks reiterated a “buy” rating and set a $34.00 price target on shares of Sykes Enterprises in a report on Monday, October 9th. BidaskClub cut Sykes Enterprises from a “buy” rating to a “hold” rating in a report on Saturday, December 2nd. Finally, Robert W. Baird reiterated a “hold” rating and set a $29.00 price target on shares of Sykes Enterprises in a report on Sunday, October 22nd. Three equities research analysts have rated the stock with a hold rating and two have assigned a buy rating to the company. The company has an average rating of “Hold” and an average price target of $33.50.
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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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