StarTek, Inc. (TSE:SRT) Expected to Post FY2017 Earnings of $1.65 Per Share

StarTek, Inc. (NYSE:SRT) – Equities researchers at National Bank Financial boosted their FY2017 earnings estimates for shares of StarTek in a research report issued on Monday, Zacks Investment Research reports. National Bank Financial analyst D. Chung now forecasts that the company will earn $1.65 per share for the year, up from their prior estimate of $1.58.

SRT has been the subject of several other research reports. Lake Street Capital increased their target price on shares of StarTek from $11.00 to $14.00 and gave the company a “buy” rating in a report on Thursday, August 10th. Royal Bank Of Canada reduced their target price on shares of StarTek from C$11.25 to C$11.00 and set a “sector perform” rating for the company in a research note on Monday, November 6th. Robert W. Baird reiterated a “hold” rating and issued a $12.00 target price on shares of StarTek in a research note on Wednesday, October 4th. Finally, Zacks Investment Research downgraded shares of StarTek from a “hold” rating to a “sell” rating in a research note on Thursday, August 17th.

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Shares of StarTek (SRT) opened at C$10.04 on Thursday. The company has a market cap of $162.07, a PE ratio of 71.71 and a beta of -0.12. The company has a quick ratio of 2.41, a current ratio of 2.41 and a debt-to-equity ratio of 0.44. StarTek has a 1-year low of C$7.51 and a 1-year high of C$14.78.

Several hedge funds have recently added to or reduced their stakes in the company. Wells Fargo & Company MN boosted its position in shares of StarTek by 5,122,600.0% in the third quarter. Wells Fargo & Company MN now owns 51,227 shares of the company’s stock valued at $602,000 after acquiring an additional 51,226 shares during the period. EAM Investors LLC boosted its position in shares of StarTek by 307.8% in the third quarter. EAM Investors LLC now owns 183,761 shares of the company’s stock valued at $2,159,000 after acquiring an additional 138,694 shares during the period. Dynamic Technology Lab Private Ltd bought a new position in shares of StarTek in the third quarter valued at approximately $121,000. Bank of New York Mellon Corp boosted its position in shares of StarTek by 32.7% in the third quarter. Bank of New York Mellon Corp now owns 57,613 shares of the company’s stock valued at $677,000 after acquiring an additional 14,201 shares during the period. Finally, Bessemer Group Inc. boosted its position in shares of StarTek by 785.7% in the third quarter. Bessemer Group Inc. now owns 18,600 shares of the company’s stock valued at $219,000 after acquiring an additional 16,500 shares during the period. Institutional investors own 49.58% of the company’s stock.

The company also recently disclosed a monthly dividend, which was paid on Monday, October 16th. Stockholders of record on Friday, September 29th were given a $0.068 dividend. The ex-dividend date was Thursday, September 28th. This represents a $0.82 dividend on an annualized basis and a dividend yield of 8.13%.

About StarTek

StarTek, Inc is a customer engagement business process outsourcing (BPO) services provider, delivering customer care solutions. The Company operates through three segments: Domestic, Nearshore and Offshore. As of December 31, 2016, its Domestic segment included the operations of 13 facilities in the United States and one facility in Canada; its Offshore segment included the operations of four facilities in the Philippines, and its Nearshore segment included the operations of two facilities in Honduras and one facility in Jamaica.

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