Sykes Enterprises (NASDAQ:SYKE) Issues Q1 2021 After-Hours Earnings Guidance

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Sykes Enterprises (NASDAQ:SYKE) updated its first quarter 2021
After-Hours earnings guidance on Tuesday. The company provided earnings per share (EPS) guidance of 0.67-0.70 for the period, compared to the Thomson Reuters consensus estimate of $0.66. The company issued revenue guidance of $454-459 million, compared to the consensus revenue estimate of $438.8 million.Sykes Enterprises also updated its FY 2021
After-Hours guidance to 2.94-3.07 EPS.

A number of research analysts recently commented on SYKE shares. Zacks Investment Research upgraded Sykes Enterprises from a hold rating to a buy rating and set a $42.00 price objective for the company in a research note on Saturday, November 7th. Barrington Research raised Sykes Enterprises from a market perform rating to an outperform rating and set a $46.00 target price for the company in a research note on Friday, November 6th. Four analysts have rated the stock with a buy rating, Sykes Enterprises presently has an average rating of Buy and a consensus target price of $40.75.

SYKE stock traded down $0.71 during trading hours on Tuesday, hitting $41.07. 189,856 shares of the stock traded hands, compared to its average volume of 142,299. The stock has a 50-day simple moving average of $41.31 and a 200 day simple moving average of $37.19. Sykes Enterprises has a one year low of $22.12 and a one year high of $43.68. The company has a market cap of $1.62 billion, a P/E ratio of 31.11, a P/E/G ratio of 1.42 and a beta of 0.89. The company has a current ratio of 1.97, a quick ratio of 1.97 and a debt-to-equity ratio of 0.01.

In other news, EVP Lawrence Zingale sold 2,700 shares of the company’s stock in a transaction on Thursday, December 3rd. The stock was sold at an average price of $38.07, for a total transaction of $102,789.00. Following the completion of the sale, the executive vice president now directly owns 67,002 shares of the company’s stock, valued at $2,550,766.14. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. Corporate insiders own 4.40% of the company’s stock.

Sykes Enterprises Company Profile

Sykes Enterprises, Incorporated, together with its subsidiaries, provides multichannel demand generation and customer engagement solutions and services. The company's customer care services include handling billing inquiries and claims, activating customer accounts, resolving complaints, cross-selling/up-selling, and prequalifying and warranty management, as well as offers health information and dispatching roadside assistance.

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