Brokerages Expect ExlService Holdings, Inc. (EXLS) Will Announce Quarterly Sales of $191.38 Million
Equities analysts forecast that ExlService Holdings, Inc. (NASDAQ:EXLS) will post sales of $191.38 million for the current quarter, according to Zacks Investment Research. Eight analysts have provided estimates for ExlService Holdings’ earnings. The lowest sales estimate is $190.03 million and the highest is $193.22 million. ExlService Holdings posted sales of $171.20 million during the same quarter last year, which suggests a positive year-over-year growth rate of 11.8%. The company is expected to announce its next quarterly earnings report on Thursday, October 26th.
According to Zacks, analysts expect that ExlService Holdings will report full year sales of $191.38 million for the current fiscal year, with estimates ranging from $755.00 million to $759.57 million. For the next fiscal year, analysts expect that the firm will post sales of $828.48 million per share, with estimates ranging from $820.00 million to $838.31 million. Zacks Investment Research’s sales averages are an average based on a survey of research analysts that that provide coverage for ExlService Holdings.
ExlService Holdings (NASDAQ:EXLS) last released its quarterly earnings data on Thursday, July 27th. The business services provider reported $0.70 EPS for the quarter, topping the Zacks’ consensus estimate of $0.46 by $0.24. ExlService Holdings had a net margin of 9.53% and a return on equity of 14.34%. The firm had revenue of $189.10 million during the quarter, compared to analysts’ expectations of $185.65 million. During the same period in the previous year, the business posted $0.55 earnings per share. The company’s revenue for the quarter was up 10.9% compared to the same quarter last year.
Several brokerages have recently issued reports on EXLS. Cowen and Company reaffirmed a “buy” rating and set a $54.00 target price on shares of ExlService Holdings in a research report on Friday, July 28th. BidaskClub lowered ExlService Holdings from a “strong-buy” rating to a “buy” rating in a research report on Thursday, July 6th. Wells Fargo & Company reaffirmed a “market perform” rating and set a $50.00 target price (up from $48.00) on shares of ExlService Holdings in a research report on Tuesday, May 23rd. Wedbush began coverage on ExlService Holdings in a research report on Thursday, August 3rd. They set a “neutral” rating and a $63.00 target price for the company. Finally, Bank of America Corporation lowered ExlService Holdings from a “buy” rating to an “underperform” rating and set a $55.00 target price for the company. in a research report on Wednesday, August 9th. One analyst has rated the stock with a sell rating, four have issued a hold rating, six have given a buy rating and one has assigned a strong buy rating to the company’s stock. The company has a consensus rating of “Buy” and an average target price of $60.00.
In other news, EVP Villa Rembert De sold 900 shares of the stock in a transaction on Tuesday, August 15th. The stock was sold at an average price of $56.01, for a total transaction of $50,409.00. Following the completion of the transaction, the executive vice president now owns 10,697 shares in the company, valued at approximately $599,138.97. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CFO Vishal Chhibbar sold 1,234 shares of the stock in a transaction on Monday, June 26th. The stock was sold at an average price of $55.80, for a total value of $68,857.20. Following the transaction, the chief financial officer now owns 7,119 shares of the company’s stock, valued at approximately $397,240.20. The disclosure for this sale can be found here. Insiders have sold a total of 52,134 shares of company stock valued at $2,869,900 in the last quarter. 5.80% of the stock is owned by corporate insiders.
Several hedge funds have recently bought and sold shares of the company. 1st Global Advisors Inc. grew its stake in shares of ExlService Holdings by 1.1% during the 2nd quarter. 1st Global Advisors Inc. now owns 9,138 shares of the business services provider’s stock worth $508,000 after acquiring an additional 100 shares during the period. Piedmont Investment Advisors LLC bought a new position in shares of ExlService Holdings during the 2nd quarter worth $405,000. State Street Corp grew its stake in shares of ExlService Holdings by 4.7% during the 2nd quarter. State Street Corp now owns 806,778 shares of the business services provider’s stock worth $44,841,000 after acquiring an additional 36,362 shares during the period. Macquarie Group Ltd. grew its stake in shares of ExlService Holdings by 30.5% during the 2nd quarter. Macquarie Group Ltd. now owns 841,679 shares of the business services provider’s stock worth $46,781,000 after acquiring an additional 196,843 shares during the period. Finally, AHL Partners LLP grew its stake in shares of ExlService Holdings by 37.9% during the 2nd quarter. AHL Partners LLP now owns 132,048 shares of the business services provider’s stock worth $7,339,000 after acquiring an additional 36,277 shares during the period. Institutional investors own 94.68% of the company’s stock.
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ExlService Holdings (EXLS) opened at 55.76 on Tuesday. The company has a market capitalization of $1.88 billion, a PE ratio of 28.29 and a beta of 1.30. The firm’s 50-day moving average is $56.10 and its 200-day moving average is $51.87. ExlService Holdings has a 52-week low of $42.00 and a 52-week high of $59.84.
About ExlService Holdings
ExlService Holdings, Inc is an operations management and analytics company. The Company segments include Insurance; Healthcare; Travel, Transportation and Logistics; Finance and Accounting (F&A); Analytics, and All Other. The Insurance operating segment serves property and casualty insurance, life insurance, disability insurance, annuity and retirement services companies.
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