StarTek (SRT) Issues Earnings Results, Misses Estimates By $0.04 EPS

StarTek (NYSE:SRT) announced its quarterly earnings data on Thursday. The business services provider reported ($0.13) EPS for the quarter, missing the Zacks’ consensus estimate of ($0.09) by ($0.04), Morningstar.com reports. StarTek had a negative net margin of 6.49% and a negative return on equity of 16.48%. The company had revenue of $151.51 million for the quarter, compared to analysts’ expectations of $66.44 million.

SRT stock traded down $0.36 during trading hours on Friday, hitting $5.67. The company’s stock had a trading volume of 149,409 shares, compared to its average volume of 80,039. The company has a quick ratio of 2.50, a current ratio of 2.50 and a debt-to-equity ratio of 0.84. The company has a market capitalization of $221.96 million, a price-to-earnings ratio of -70.88 and a beta of 0.48. StarTek has a 12 month low of $5.26 and a 12 month high of $14.27.

A number of hedge funds have recently bought and sold shares of the business. BlackRock Inc. grew its position in StarTek by 2.6% in the third quarter. BlackRock Inc. now owns 391,592 shares of the business services provider’s stock worth $2,592,000 after acquiring an additional 9,751 shares in the last quarter. JPMorgan Chase & Co. grew its position in StarTek by 34.7% in the third quarter. JPMorgan Chase & Co. now owns 52,704 shares of the business services provider’s stock worth $349,000 after acquiring an additional 13,590 shares in the last quarter. Dimensional Fund Advisors LP grew its position in StarTek by 2.1% in the second quarter. Dimensional Fund Advisors LP now owns 856,232 shares of the business services provider’s stock worth $5,386,000 after acquiring an additional 17,482 shares in the last quarter. Jane Street Group LLC bought a new stake in StarTek in the second quarter worth approximately $118,000. Finally, LMR Partners LLP bought a new stake in StarTek in the second quarter worth approximately $160,000. 14.47% of the stock is owned by institutional investors.

A number of research analysts recently commented on SRT shares. Zacks Investment Research raised shares of StarTek from a “strong sell” rating to a “hold” rating in a research report on Wednesday, October 10th. ValuEngine raised shares of StarTek from a “sell” rating to a “hold” rating in a research report on Tuesday, September 18th. Three research analysts have rated the stock with a hold rating and one has issued a buy rating to the stock. StarTek presently has an average rating of “Hold” and a consensus target price of $13.50.

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About StarTek

StarTek, Inc operates as a customer engagement business process outsourcing services provider that delivers contact center and customer engagement solutions. It offers technical and product support, sales support, provisioning and order processing, receivables management, healthcare services, up-sell and cross-sell program, and customer intelligence analytics; and additional services, such as technology enabled and human interaction to other industry-specific processes, including training curriculum development, workforce management, customer analytics, quality monitoring services, and dispositions.

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Earnings History for StarTek (NYSE:SRT)

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