StarTek (NYSE:SRT) issued its earnings results on Thursday. The business services provider reported ($0.13) earnings per share for the quarter, missing analysts’ consensus estimates of ($0.09) by ($0.04), Morningstar.com reports. StarTek had a negative return on equity of 16.48% and a negative net margin of 6.49%. The firm had revenue of $151.51 million for the quarter, compared to analyst estimates of $66.44 million.
StarTek stock traded down $0.36 during trading on Friday, hitting $5.67. 149,409 shares of the company were exchanged, compared to its average volume of 80,039. StarTek has a 52 week low of $5.26 and a 52 week high of $14.27. The company has a market capitalization of $221.96 million, a P/E ratio of -70.88 and a beta of 0.48. The company has a current ratio of 2.50, a quick ratio of 2.50 and a debt-to-equity ratio of 0.84.
SRT has been the subject of several recent research reports. ValuEngine downgraded StarTek from a “hold” rating to a “sell” rating in a report on Wednesday, September 12th. Zacks Investment Research downgraded StarTek from a “hold” rating to a “strong sell” rating in a report on Friday, August 10th. Three analysts have rated the stock with a hold rating and one has issued a buy rating to the stock. The stock has an average rating of “Hold” and a consensus price target of $13.50.
ILLEGAL ACTIVITY NOTICE: This story was first published by BBNS and is owned by of BBNS. If you are reading this story on another website, it was stolen and reposted in violation of US and international copyright and trademark legislation. The legal version of this story can be read at https://baseballnewssource.com/2018/11/10/startek-srt-releases-earnings-results-misses-estimates-by-0-04-eps/2972479.html.
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.
Read More: Understanding the different types of bonds
Receive News & Ratings for StarTek Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for StarTek and related companies with MarketBeat.com's FREE daily email newsletter.