Sykes Enterprises bought by Sitel Group in $2.2B deal

  • Sykes Enterprises (NASDAQ:SYKE) agrees to be acquired by Sitel Group for $54/share, in a deal valued at ~$2.2B; shares are halted.
  • The purchase price represents a 31.2% premium over Sykes' June 17 closing price.
  • Sitel says the deal will enable it to be "a more competitive BPO player with a wide range of CX products and solutions... especially with the addition of Sykes' CX solutions in digital, social media and robotic process automation, through their suite of digital transformation capabilities such as Clearlink and Symphony."
  • The proposed transaction is not subject to a financing condition, and is expected to be completed in this year's H2.

    For this year the company from Tampa could earn a total revenue around 1.85 billion USD. This is according to the average of the analysts' estimates. This is slightly more than 2020's revenue of 1.71 billion USD.

    Historical revenues and results Sykes Enterprises Inc plus estimates 2020


    The analysts expect for 2021 a net profit of 123 million USD. Most of the analysts anticipate on a profit per share of 3.07 USD. So the price/earnings-ratio equals 17.38.

    For this year analysts don't expect the company to pay a dividend. The average dividend yield of the offshore companies equals a low 1.32 percent.

    Sykes Enterprises Inc 's market capitalization is based on the number of outstanding shares around 2.21 billion USD. The Sykes Enterprises Inc stock was the past 12 months quite unstable. Since last June the stock is even 104 percent higher. This year the stock price moved between 25 and 54 dollar.

    Price data Sykes Enterprises Inc 2007-2021

    equity research sykesenterprisesinc

    On Friday the stock closed at 53.35 USD. Nieuwsdienst: +31 084-0032-842

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