Concentrix Corporation (NASDAQ:CNXC – Get Free Report)’s share price hit a new 52-week low during trading on Tuesday following a dissappointing earnings announcement. The stock traded as low as $24.27 and last traded at $25.4340, with a volume of 2461325 shares traded. The stock had previously closed at $33.04.
The company reported $2.61 earnings per share for the quarter, missing analysts’ consensus estimates of $2.64 by ($0.03). Concentrix had a negative net margin of 13.02% and a positive return on equity of 16.91%. The company had revenue of $2.50 billion during the quarter, compared to the consensus estimate of $2.49 billion. During the same period in the previous year, the business posted $2.79 earnings per share. The firm’s revenue was up 5.4% on a year-over-year basis.
Concentrix Dividend Announcement
The company also recently disclosed a quarterly dividend, which was paid on Tuesday, February 10th. Investors of record on Friday, January 30th were issued a dividend of $0.36 per share. This represents a $1.44 annualized dividend and a dividend yield of 5.7%. The ex-dividend date of this dividend was Friday, January 30th. Concentrix’s dividend payout ratio is currently -6.91%.
Concentrix News Summary
- Positive Sentiment: Revenue growth and business momentum — Concentrix reported $2.50B in Q1 revenue, up 5.4% year‑over‑year (1.9% constant currency), and highlighted continued enterprise wins for its iX Suite. Concentrix Reports First Quarter 2026 Results
- Positive Sentiment: Management maintained FY and Q2 non‑GAAP guidance — The company reaffirmed full‑year revenue and non‑GAAP EPS targets (non‑GAAP EPS $11.48–$12.07; revenue $10.035B–$10.18B) which supports forward expectations. Concentrix Reports First Quarter 2026 Results
- Positive Sentiment: Shareholder returns continued — Company paid a $0.36 quarterly dividend and repurchased ~1M shares in Q1, leaving ~$396.6M of repurchase authorization. Concentrix Reports First Quarter 2026 Results
- Neutral Sentiment: Liquidity action — Concentrix amended and expanded its accounts‑receivable securitization facility (improves receivables financing flexibility). This is a liquidity/treasury move rather than an earnings driver. Concentrix Expands and Extends Accounts Receivable Securitization Facility
- Negative Sentiment: EPS and profitability disappointment — Non‑GAAP EPS missed consensus by $0.03 ($2.61 vs $2.64/$2.65 consensus) and GAAP diluted EPS plunged to $0.33 from $1.04 a year ago; investors often punish visible EPS misses even when small. Concentrix Corporation (CNXC) Lags Q1 Earnings Estimates
- Negative Sentiment: Sharp GAAP profit and margin deterioration — GAAP net income fell ~69% y/y, operating income down ~30%, non‑GAAP operating margin and adjusted EBITDA margin compressed materially; cash flow used in operations and negative adjusted free cash flow raise near‑term financial concerns. Concentrix Reports Q1 2026 Financial Results, Maintaining Revenue and Profit Guidance Amidst Transition Challenges
- Negative Sentiment: Market reaction amplified by headlines — Several outlets flagged that results were “in line” on revenue but weak on profitability and the stock fell sharply in intraday trading after the print. That negative sentiment likely drove the selloff. Concentrix (NASDAQ:CNXC) reports Q1 CY2026 in line with expectations but stock drops 12.2%
Wall Street Analyst Weigh In
A number of research firms have recently commented on CNXC. Wall Street Zen upgraded Concentrix from a “hold” rating to a “buy” rating in a research note on Saturday, February 14th. Barrington Research reaffirmed an “outperform” rating and issued a $62.00 price target on shares of Concentrix in a research report on Tuesday, March 17th. Robert W. Baird set a $52.00 price objective on shares of Concentrix in a research note on Wednesday, January 14th. Finally, Weiss Ratings lowered shares of Concentrix from a “hold (c-)” rating to a “sell (d)” rating in a research report on Thursday, January 29th. Three equities research analysts have rated the stock with a Buy rating, one has given a Hold rating and one has given a Sell rating to the company’s stock. Based on data from MarketBeat, the stock presently has an average rating of “Hold” and an average target price of $63.75.
Read Our Latest Analysis on Concentrix
Insider Transactions at Concentrix
In related news, CEO Christopher A. Caldwell acquired 1,000 shares of the business’s stock in a transaction on Thursday, January 29th. The stock was bought at an average cost of $37.07 per share, with a total value of $37,070.00. Following the completion of the acquisition, the chief executive officer owned 362,075 shares in the company, valued at $13,422,120.25. The trade was a 0.28% increase in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. 0.90% of the stock is owned by corporate insiders.
Institutional Investors Weigh In On Concentrix
A number of hedge funds have recently made changes to their positions in the company. AQR Capital Management LLC boosted its position in Concentrix by 1.8% in the third quarter. AQR Capital Management LLC now owns 4,380,821 shares of the company’s stock valued at $202,175,000 after buying an additional 75,352 shares in the last quarter. Pzena Investment Management LLC boosted its holdings in shares of Concentrix by 32.3% in the 4th quarter. Pzena Investment Management LLC now owns 2,927,196 shares of the company’s stock worth $121,713,000 after acquiring an additional 714,604 shares in the last quarter. Dimensional Fund Advisors LP grew its position in Concentrix by 28.4% during the 4th quarter. Dimensional Fund Advisors LP now owns 2,491,270 shares of the company’s stock worth $103,588,000 after acquiring an additional 551,778 shares during the last quarter. State Street Corp increased its holdings in Concentrix by 8.7% during the 2nd quarter. State Street Corp now owns 1,622,854 shares of the company’s stock valued at $85,776,000 after purchasing an additional 130,529 shares in the last quarter. Finally, 1832 Asset Management L.P. raised its position in Concentrix by 3.1% in the 2nd quarter. 1832 Asset Management L.P. now owns 1,544,997 shares of the company’s stock valued at $81,661,000 after purchasing an additional 46,856 shares during the last quarter. Institutional investors and hedge funds own 90.34% of the company’s stock.
Concentrix Trading Down 23.1%
The company has a market cap of $1.56 billion, a price-to-earnings ratio of -1.22, a price-to-earnings-growth ratio of 0.33 and a beta of 0.50. The company has a debt-to-equity ratio of 1.67, a current ratio of 1.40 and a quick ratio of 1.40. The business has a 50 day simple moving average of $35.59 and a 200 day simple moving average of $40.53.
Concentrix Company Profile
Concentrix Inc (NASDAQ: CNXC) is a global business services company specializing in customer engagement solutions and technology‐driven business process outsourcing. The firm’s offerings encompass customer care delivered across voice and digital channels, back‐office processing, analytics and consulting, and automated workflow management. By integrating proprietary platforms, strategic partnerships and advanced automation, Concentrix helps clients enhance customer experiences and streamline operations.
Its capabilities extend to digital marketing and technology implementation, leveraging artificial intelligence, machine learning and data analytics to optimize customer journeys.
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