$0.46 EPS Expected for ExlService Holdings, Inc. (NASDAQ:EXLS) This Quarter
Analysts expect ExlService Holdings, Inc. (NASDAQ:EXLS) to announce earnings of $0.46 per share for the current quarter, Zacks Investment Research reports. Seven analysts have issued estimates for ExlService Holdings’ earnings. The lowest EPS estimate is $0.46 and the highest is $0.47. ExlService Holdings reported earnings per share of $0.47 during the same quarter last year, which would suggest a negative year over year growth rate of 2.1%. The business is scheduled to issue its next earnings results before the market opens on Thursday, July 27th.
On average, analysts expect that ExlService Holdings will report full-year earnings of $2.01 per share for the current fiscal year, with EPS estimates ranging from $1.99 to $2.04. For the next financial year, analysts anticipate that the company will report earnings of $2.31 per share. Zacks Investment Research’s earnings per share averages are a mean average based on a survey of sell-side analysts that that provide coverage for ExlService Holdings.
ExlService Holdings (NASDAQ:EXLS) last posted its quarterly earnings data on Tuesday, May 2nd. The business services provider reported $0.60 EPS for the quarter, topping analysts’ consensus estimates of $0.46 by $0.14. ExlService Holdings had a return on equity of 13.59% and a net margin of 9.22%. The firm had revenue of $183.03 million during the quarter, compared to analysts’ expectations of $176.96 million. During the same quarter last year, the business posted $0.56 EPS. The firm’s quarterly revenue was up 9.6% compared to the same quarter last year.
A number of brokerages have recently issued reports on EXLS. Zacks Investment Research raised ExlService Holdings from a “sell” rating to a “hold” rating in a research report on Friday, April 7th. Cowen and Company reissued an “outperform” rating and set a $54.00 price target on shares of ExlService Holdings in a research report on Tuesday, April 11th. Cantor Fitzgerald reissued an “overweight” rating and set a $56.00 price target (up from $50.00) on shares of ExlService Holdings in a research report on Wednesday, May 3rd. Needham & Company LLC upped their price target on ExlService Holdings from $56.00 to $59.00 and gave the company a “buy” rating in a research report on Wednesday, June 21st. Finally, Citigroup Inc. lowered ExlService Holdings from a “buy” rating to a “neutral” rating and upped their price target for the company from $54.00 to $59.00 in a research report on Tuesday, July 18th. Three equities research analysts have rated the stock with a hold rating and five have issued a buy rating to the company. ExlService Holdings presently has an average rating of “Buy” and a consensus target price of $57.14.
In other ExlService Holdings news, CFO Vishal Chhibbar sold 1,234 shares of the company’s stock in a transaction dated 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 directly owns 7,119 shares of the company’s stock, valued at approximately $397,240.20. The sale was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Also, CEO Rohit Kapoor sold 5,645 shares of the company’s stock in a transaction dated Tuesday, April 25th. The stock was sold at an average price of $47.90, for a total value of $270,395.50. The disclosure for this sale can be found here. Insiders have sold 184,694 shares of company stock worth $9,418,788 over the last three months. 5.80% of the stock is owned by insiders.
A number of hedge funds and other institutional investors have recently modified their holdings of EXLS. BlackRock Inc. raised its position in shares of ExlService Holdings by 145,337.4% in the first quarter. BlackRock Inc. now owns 3,986,440 shares of the business services provider’s stock valued at $188,797,000 after buying an additional 3,983,699 shares during the last quarter. Mackenzie Financial Corp raised its position in shares of ExlService Holdings by 49.7% in the first quarter. Mackenzie Financial Corp now owns 1,022,878 shares of the business services provider’s stock valued at $48,444,000 after buying an additional 339,521 shares during the last quarter. Norges Bank purchased a new position in shares of ExlService Holdings during the fourth quarter valued at $13,667,000. Aberdeen Asset Management PLC UK raised its position in shares of ExlService Holdings by 16.1% in the first quarter. Aberdeen Asset Management PLC UK now owns 1,168,591 shares of the business services provider’s stock valued at $55,344,000 after buying an additional 162,445 shares during the last quarter. Finally, Vanguard Group Inc. raised its position in shares of ExlService Holdings by 4.9% in the first quarter. Vanguard Group Inc. now owns 2,887,499 shares of the business services provider’s stock valued at $136,752,000 after buying an additional 135,087 shares during the last quarter. 95.23% of the stock is currently owned by institutional investors.
Shares of ExlService Holdings (EXLS) traded down 0.33% during mid-day trading on Monday, reaching $54.79. The company’s stock had a trading volume of 134,344 shares. ExlService Holdings has a 52-week low of $42.00 and a 52-week high of $56.66. The company has a market capitalization of $1.85 billion, a PE ratio of 29.30 and a beta of 1.29. The firm’s 50 day moving average is $54.30 and its 200-day moving average is $49.28.
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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