Sykes Enterprises Incorporated (NASDAQ:SYKE) has a beta of 0.92, a 12-month trailing P/E ratio of 32.02, and a growth ratio of 3.20. The stock’s Relative Strength Index (RSI) is 85.55, with weekly volatility at 1.35% and ATR at 1.57. The SYKE stock’s 52-week price range has touched low of $24.75 and a $53.93 high. Its shares traded higher over the last trading session, gaining 0.69% on 06/21/21. The shares fell to a low of $53.32 before closing at $53.82. Intraday shares traded counted 2.86 million, which was -1079.65% lower than its 30-day average trading volume of 242.32K. SYKE’s previous close was $53.45 while the outstanding shares total 39.64M.
Investors have identified the Information Technology Services company Sykes Enterprises Incorporated as an interesting stock but before investments are made there, an in-depth look at its trading activities will have to be conducted. The share is trading with a market value of around $1.65 billion, the company now has both obstacles and catalysts that affect them and they came from their mode of operations. With the company affected by events currently, it is a perfect time to analyze the numbers behind the firm in order to come up with a rather realistic picture of what this stock is.
Sykes Enterprises Incorporated (SYKE) Fundamentals that are to be considered.
When analyzing a stock, the first fundamental thing to take into account is the balance sheet. How healthy the balance sheet of a company is will determine if the company will be able to carry out all its financial and non-financial obligations and also keep the faith of its investors. In terms of their assets, the company currently has 567.38 million total, with 281.76 million as their total liabilities.
SYKE were able to record 30.86 million as free cash flow during the 08/09/2021 quarter of the year, this saw their quarterly net cash flow reduce by 9.62 million. In cash movements, the company had a total of 40.24 million as operating cash flow.
Potential earnings growth for Sykes Enterprises Incorporated (SYKE)
In order to determine the future investment potential for this stock, we will have to analyze key trends that affect it. During the 08/09/2021 quarter of the year, Sykes Enterprises Incorporated recorded a total of 457.89 million in revenue. This figure implies that they witnessed a quarterly year/year change in their earnings with 10.2% coming in sequential stages and their sales for the 08/09/2021 quarter increasing by 1.61%.
What matters though is how it ends. When the core data for the company is broken down, then the stock sounds interesting. The company spent 299.48 million trying to sell their products during the last quarter, with the result yielding a gross income of 158.41 million. This allows shareholders to hold on to 39.64M with the recently reported earning now reading 0.63 cents per share. This is a figure that compared to analyst’s prediction for their 08/09/2021 (0.73 cents a share).
Having a look at the company’s valuation, the company is expected to record 3.33 total earnings per share during the next fiscal year. It is very important though to remember that the importance of trend far outweighs that of outlook. This analysis has been great and getting further updates on SYKE sounds very interesting.
Is the stock of SYKE attractive?
In related news, EVP & CFO, Chapman John sold 9,000 shares of the company’s stock in a transaction that recorded on Mar 26. The sale was performed at an average price of 45.42, for a total value of 408,779. As the sale deal closes, the Executive VP & Secretary, HOLDER JAMES T now sold 888 shares of the company’s stock, valued at 38,954. Also, Executive VP & Secretary, HOLDER JAMES T sold 7,007 shares of the company’s stock in a deal that was recorded on Mar 24. The shares were price at an average price of 43.60 per share, with a total market value of 305,487. Following this completion of acquisition, the Executive Vice President, ZINGALE LAWRENCE now holds 12,500 shares of the company’s stock, valued at 546,000. In the last 6 months, insiders have changed their ownership in shares of company stock by 2.20%.
0 out of 3 analysts covering the stock have rated it a Buy, while 3 have maintained a Hold recommendation on Sykes Enterprises Incorporated. 0 analysts has assigned a Sell rating on the SYKE stock. The 12-month mean consensus price target for the company’s shares has been set at $52.67.