Sykes Enterprises (SYKE) Receiving Somewhat Positive Press Coverage, Study Shows

Media coverage about Sykes Enterprises (NASDAQ:SYKE) has been trending somewhat positive recently, according to Accern Sentiment. Accern identifies negative and positive press coverage by analyzing more than 20 million blog and news sources. 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 0.12 on Accern’s scale. Accern also assigned media stories about the information technology services provider an impact score of 46.8876613397553 out of 100, indicating that recent press coverage is somewhat unlikely to have an effect on the company’s share price in the near future.

Shares of Sykes Enterprises (NASDAQ SYKE) traded down $0.22 during midday trading on Friday, reaching $31.45. 98,553 shares of the company’s stock traded hands, compared to its average volume of 129,623. The company has a debt-to-equity ratio of 0.33, a quick ratio of 3.29 and a current ratio of 3.29. Sykes Enterprises has a twelve month low of $25.77 and a twelve month high of $34.49. The firm has a market cap of $1,358.56, a PE ratio of 19.53, a price-to-earnings-growth ratio of 1.64 and a beta of 0.89.

Sykes Enterprises (NASDAQ:SYKE) last announced its quarterly earnings data on Monday, November 6th. The information technology services provider reported $0.62 EPS for the quarter, beating the consensus estimate of $0.44 by $0.18. Sykes Enterprises had a net margin of 4.32% and a return on equity of 11.33%. The business had revenue of $407.31 million during the quarter, compared to analysts’ expectations of $399.22 million. During the same period in the previous year, the business posted $0.55 EPS. The business’s quarterly revenue was up 5.6% compared to the same quarter last year. sell-side analysts forecast that Sykes Enterprises will post 1.93 earnings per share for the current fiscal year.

A number of research analysts have commented on SYKE shares. Robert W. Baird reissued a “hold” rating and set a $29.00 target price on shares of Sykes Enterprises in a research report on Sunday, September 17th. Zacks Investment Research upgraded shares of Sykes Enterprises from a “strong sell” rating to a “hold” rating and set a $33.00 price target on the stock in a report on Wednesday, October 11th. SunTrust Banks restated a “buy” rating and issued a $34.00 price target on shares of Sykes Enterprises in a report on Monday, October 9th. Finally, BidaskClub cut shares of Sykes Enterprises from a “buy” rating to a “hold” rating in a research note on Saturday, December 2nd. Three analysts have rated the stock with a hold rating and two have given a buy rating to the company. The stock presently has an average rating of “Hold” and a consensus target price of $33.50.

In other news, CEO Charles E. Sykes sold 40,000 shares of Sykes Enterprises stock in a transaction that occurred on Friday, December 1st. The shares were sold at an average price of $31.17, for a total transaction of $1,246,800.00. Following the completion of the transaction, the chief executive officer now directly owns 285,189 shares of the company’s stock, valued at approximately $8,889,341.13. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, CEO Charles E. Sykes sold 10,000 shares of the business’s stock in a transaction on Monday, December 4th. The stock was sold at an average price of $31.16, for a total transaction of $311,600.00. Following the completion of the sale, the chief executive officer now directly owns 275,589 shares of the company’s stock, valued at approximately $8,587,353.24. The disclosure for this sale can be found here. 2.70% of the stock is owned by insiders.

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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.

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

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