IBEX (NASDAQ:IBEX) Posts Quarterly Earnings Results, Beats Expectations By $0.15 EPS

IBEX (NASDAQ:IBEX) released its quarterly earnings results on Monday. The company reported $0.31 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.16 by $0.15, MarketWatch Earnings reports. IBEX had a negative net margin of 1.14% and a positive return on equity of 33.09%. During the same quarter last year, the firm posted $0.14 EPS.

NASDAQ IBEX traded up $0.17 on Wednesday, reaching $18.02. The stock had a trading volume of 2,615 shares, compared to its average volume of 26,303. IBEX has a 12-month low of $9.27 and a 12-month high of $25.50. The stock has a fifty day moving average price of $19.73 and a two-hundred day moving average price of $20.86. The company has a quick ratio of 1.40, a current ratio of 1.40 and a debt-to-equity ratio of 0.05. The firm has a market capitalization of $331.35 million and a price-to-earnings ratio of -46.97.

A hedge fund recently raised its stake in IBEX stock. Morgan Stanley increased its position in shares of IBEX Limited (NASDAQ:IBEX) by 26.2% in the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 36,437 shares of the company’s stock after purchasing an additional 7,574 shares during the period. Morgan Stanley owned 0.20% of IBEX worth $712,000 at the end of the most recent quarter. Institutional investors and hedge funds own 24.26% of the company’s stock.

Several analysts have recently commented on the stock. Zacks Investment Research lowered shares of IBEX from a “buy” rating to a “hold” rating in a research report on Wednesday, July 21st. Robert W. Baird reaffirmed a “buy” rating and set a $28.00 price target on shares of IBEX in a research report on Monday, September 6th. Finally, Piper Sandler cut their target price on IBEX from $25.00 to $22.00 and set an “overweight” rating on the stock in a research report on Wednesday. One research analyst has rated the stock with a hold rating and four have given a buy rating to the company’s stock. According to MarketBeat, IBEX has a consensus rating of “Buy” and a consensus price target of $21.83.

About IBEX

IBEX Limited provides end-to-end technology-enabled customer lifecycle experience solutions in the United States and internationally. The company provides ibex Connect, a customer engagement solution comprises customer service, technical support, and other value-added outsourced back office services through voice, email, chat, SMS, social media and other communication applications; ibex Digital, a customer acquisition solution that offers search, social, and display advertising capabilities; and ibex CX, a customer experience solution, which provides a comprehensive suite of proprietary software tools to measure, monitor and manage its clients' customer experience.

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Earnings History for IBEX (NASDAQ:IBEX)

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