Somewhat Positive Media Coverage Somewhat Unlikely to Impact Sykes Enterprises (SYKE) Stock Price

Media stories about Sykes Enterprises (NASDAQ:SYKE) have trended somewhat positive recently, according to Accern Sentiment. The research firm ranks the sentiment of press coverage by reviewing more than 20 million news and blog sources in real time. Accern ranks coverage of publicly-traded companies on a scale of negative one to positive one, with scores closest to one being the most favorable. Sykes Enterprises earned a media sentiment score of 0.12 on Accern’s scale. Accern also gave headlines about the information technology services provider an impact score of 46.8876613397553 out of 100, meaning that recent press coverage is somewhat unlikely to have an effect on the stock’s share price in the near future.

These are some of the headlines that may have effected Accern Sentiment’s scoring:

SYKE has been the subject of a number of recent analyst reports. Zacks Investment Research cut Sykes Enterprises from a “hold” rating to a “strong sell” rating in a research note on Saturday, August 12th. SunTrust Banks reaffirmed a “buy” rating and issued a $34.00 price target on shares of Sykes Enterprises in a research note on Monday, October 9th. BidaskClub cut Sykes Enterprises from a “buy” rating to a “hold” rating in a research note on Saturday, December 2nd. Finally, Robert W. Baird reaffirmed a “hold” rating and issued a $29.00 price target on shares of Sykes Enterprises in a research note 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’s stock. The stock has a consensus rating of “Hold” and an average price target of $33.50.

Shares of Sykes Enterprises (NASDAQ:SYKE) opened at $30.75 on Thursday. The company has a debt-to-equity ratio of 0.33, a current ratio of 3.29 and a quick ratio of 3.29. The company has a market capitalization of $1,329.82, a PE ratio of 15.12, a PEG ratio of 1.61 and a beta of 0.89. Sykes Enterprises has a 52 week low of $25.77 and a 52 week high of $34.49.

Sykes Enterprises (NASDAQ:SYKE) last announced its quarterly 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. The company had revenue of $407.31 million during the quarter, compared to analysts’ expectations of $399.22 million. Sykes Enterprises had a return on equity of 11.33% and a net margin of 4.32%. Sykes Enterprises’s revenue was up 5.6% on a year-over-year basis. During the same period in the prior year, the business posted $0.55 EPS. sell-side analysts predict that Sykes Enterprises will post 1.93 earnings per share for the current year.

In related news, CEO Charles E. Sykes sold 40,000 shares of the business’s stock in a transaction that occurred 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 completion of the transaction, the chief executive officer now directly owns 285,189 shares in the company, valued at approximately $8,889,341.13. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, CEO Charles E. Sykes sold 10,000 shares of the business’s stock in a transaction that occurred on Monday, December 4th. The shares were sold at an average price of $31.16, for a total value of $311,600.00. Following the completion of the transaction, the chief executive officer now owns 275,589 shares of the company’s stock, valued at $8,587,353.24. The disclosure for this sale can be found here. Corporate insiders own 2.70% of the company’s stock.

WARNING: “Somewhat Positive Media Coverage Somewhat Unlikely to Impact Sykes Enterprises (SYKE) Stock Price” was first reported by Week Herald and is owned by of Week Herald. If you are accessing this article on another website, it was copied illegally and reposted in violation of United States and international copyright and trademark law. The original version of this article can be viewed at https://weekherald.com/2017/12/07/somewhat-positive-media-coverage-somewhat-unlikely-to-impact-sykes-enterprises-syke-stock-price.html.

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.

Insider Buying and Selling by Quarter for Sykes Enterprises (NASDAQ:SYKE)

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