Wall Street brokerages predict that ExlService Holdings, Inc. (NASDAQ:EXLS) will post $241.44 million in sales for the current fiscal quarter, according to Zacks. Seven analysts have made estimates for ExlService’s earnings. The lowest sales estimate is $239.53 million and the highest is $242.94 million. ExlService posted sales of $210.11 million in the same quarter last year, which would indicate a positive year over year growth rate of 14.9%. The firm is scheduled to announce its next quarterly earnings results on Thursday, August 1st.
According to Zacks, analysts expect that ExlService will report full-year sales of $984.41 million for the current year, with estimates ranging from $980.00 million to $992.66 million. For the next year, analysts forecast that the company will post sales of $1.07 billion, with estimates ranging from $1.06 billion to $1.08 billion. Zacks Investment Research’s sales averages are a mean average based on a survey of research analysts that that provide coverage for ExlService.
ExlService (NASDAQ:EXLS) last issued its quarterly earnings data on Tuesday, April 30th. The business services provider reported $0.71 EPS for the quarter, topping analysts’ consensus estimates of $0.54 by $0.17. ExlService had a net margin of 5.27% and a return on equity of 13.63%. The business had revenue of $239.57 million for the quarter, compared to analysts’ expectations of $238.88 million. During the same quarter last year, the company earned $0.65 EPS. The business’s revenue was up 15.8% on a year-over-year basis.
A number of research firms recently issued reports on EXLS. Cantor Fitzgerald reissued a “buy” rating and issued a $71.00 price target on shares of ExlService in a research note on Sunday, April 28th. BidaskClub raised shares of ExlService from a “hold” rating to a “buy” rating in a research note on Tuesday, May 7th. Robert W. Baird cut shares of ExlService from an “outperform” rating to a “neutral” rating and dropped their price target for the company from $66.00 to $63.00 in a research note on Friday, March 1st. Citigroup lifted their price target on shares of ExlService from $56.00 to $62.00 and gave the company a “neutral” rating in a research note on Friday, March 1st. Finally, Zacks Investment Research cut shares of ExlService from a “hold” rating to a “sell” rating in a research note on Tuesday, April 9th. Six equities research analysts have rated the stock with a hold rating and two have assigned a buy rating to the stock. The stock has a consensus rating of “Hold” and an average target price of $67.20.
In other ExlService news, VP Nagaraja Srivatsan sold 1,000 shares of ExlService stock in a transaction on Thursday, April 18th. The shares were sold at an average price of $61.00, for a total transaction of $61,000.00. Following the sale, the vice president now owns 1,958 shares of the company’s stock, valued at approximately $119,438. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Also, CFO Vishal Chhibbar sold 25,698 shares of ExlService stock in a transaction on Monday, April 15th. The stock was sold at an average price of $60.41, for a total transaction of $1,552,416.18. Following the sale, the chief financial officer now directly owns 30,747 shares in the company, valued at approximately $1,857,426.27. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 40,006 shares of company stock worth $2,484,355. 3.60% of the stock is currently owned by corporate insiders.
Institutional investors and hedge funds have recently made changes to their positions in the business. Icon Wealth Partners LLC acquired a new stake in ExlService during the 1st quarter worth $29,000. Zions Bancorporation N.A. acquired a new stake in ExlService during the 1st quarter worth $54,000. Quantamental Technologies LLC acquired a new stake in ExlService during the 1st quarter worth $95,000. Amundi Pioneer Asset Management Inc. acquired a new stake in ExlService during the 4th quarter worth $179,000. Finally, Crossmark Global Holdings Inc. acquired a new stake in ExlService during the 1st quarter worth $205,000. 92.11% of the stock is currently owned by institutional investors.
ExlService stock traded up $0.68 during trading on Thursday, reaching $65.87. The company had a trading volume of 114,086 shares, compared to its average volume of 112,964. The company has a 50-day moving average of $61.38. ExlService has a 1-year low of $44.29 and a 1-year high of $67.68. The company has a market capitalization of $2.23 billion, a price-to-earnings ratio of 28.52, a PEG ratio of 2.58 and a beta of 1.05. The company has a debt-to-equity ratio of 0.48, a current ratio of 3.40 and a quick ratio of 3.40.
ExlService Company Profile
ExlService Holdings, Inc provides operations management and analytics services in the United States, the United Kingdom, and internationally. The company offers business process management (BPM) services to the insurance industry in the areas of claims processing, subrogation, premium and benefit administration, agency management, account reconciliation, policy research, underwriting support, new business processing, policy servicing, premium audit, surveys, billing and collection, commercial and residential survey, and customer services.
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