Barrington analyst Vincent Colicchio maintained a Buy rating on Sykes Enterprises (NASDAQ:SYKE) Inc on Thursday, setting a price target of $48, which is approximately 7.38% above the present share price of $44.7.
Colicchio expects Sykes Enterprises Inc to post earnings per share (EPS) of $0.64 for the second quarter of 2021.
The current consensus among 2 TipRanks analysts is for a Moderate Buy rating of shares in Sykes Enterprises, with an average price target of $51.5.
The analysts price targets range from a high of $55 to a low of $48.
In its latest earnings report, released on 12/31/2020, the company reported a quarterly revenue of $450.54 million and a net profit of $36.51 million. The company's market cap is $1.77 billion.
According to TipRanks.com, Barrington analyst Vincent Colicchio is currently ranked with 5 stars on a 0-5 stars ranking scale, with an average return of 25.5% and a 63.27% success rate.
Sykes Enterprises, Inc. engages in the provision of multichannel demand generation and global customer engagement services. It operates through the following segments: Americas, Europe, the Middle East and Africa (EMEA), and Other. The Americas segment includes the United States, Canada, Latin America, Australia, and the Asia Pacific Rim; and offers outsourced customer engagement solutions and technical staffing. The EMEA segment covers outsourced customer engagement solutions and fulfillment services. The Other segment represents other items such as corporate and other costs, other income and expense, and income taxes. The company was founded by John H. Sykes in 1977 and is headquartered in Tampa, FL.