Brokerages Expect ExlService Holdings, Inc. (NASDAQ:EXLS) Will Post Quarterly Sales of $185.23 Million
Equities analysts predict that ExlService Holdings, Inc. (NASDAQ:EXLS) will post $185.23 million in sales for the current quarter, Zacks reports. Seven analysts have made estimates for ExlService Holdings’ earnings, with the lowest sales estimate coming in at $182.72 million and the highest estimate coming in at $187.24 million. ExlService Holdings reported sales of $170.48 million in the same quarter last year, which would suggest a positive year over year growth rate of 8.7%. The company is scheduled to issue its next quarterly earnings results before the market opens on Thursday, July 27th.
According to Zacks, analysts expect that ExlService Holdings will report full-year sales of $185.23 million for the current financial year, with estimates ranging from $748.24 million to $756.19 million. For the next financial year, analysts forecast that the firm will post sales of $824.57 million per share, with estimates ranging from $820.00 million to $826.80 million. Zacks’ sales calculations are an average based on a survey of analysts that that provide coverage for ExlService Holdings.
ExlService Holdings (NASDAQ:EXLS) last released 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. The firm had revenue of $183.03 million during the quarter, compared to the consensus estimate of $176.96 million. ExlService Holdings had a net margin of 9.22% and a return on equity of 13.59%. The firm’s revenue was up 9.6% on a year-over-year basis. During the same quarter in the previous year, the company posted $0.56 earnings per share.
Several equities analysts have weighed in on the company. BidaskClub cut ExlService Holdings from a “buy” rating to a “hold” rating in a report on Monday. Citigroup Inc. lowered ExlService Holdings from a “buy” rating to a “neutral” rating and lifted their price target for the company from $54.00 to $59.00 in a research note on Tuesday, July 18th. Zacks Investment Research lowered ExlService Holdings from a “strong-buy” rating to a “hold” rating in a research note on Friday, July 14th. Cowen and Company reiterated an “outperform” rating and issued a $54.00 price target on shares of ExlService Holdings in a research note on Tuesday, April 11th. Finally, Wells Fargo & Company restated a “market perform” rating and set a $50.00 price objective (up previously from $48.00) on shares of ExlService Holdings in a research report on Tuesday, May 23rd. Four analysts have rated the stock with a hold rating and four have assigned a buy rating to the stock. The stock currently has an average rating of “Buy” and an average target price of $57.14.
ExlService Holdings (NASDAQ:EXLS) opened at 55.85 on Wednesday. The firm has a market cap of $1.88 billion, a P/E ratio of 29.87 and a beta of 1.30. ExlService Holdings has a 12-month low of $42.00 and a 12-month high of $56.66. The firm has a 50-day moving average of $54.40 and a 200-day moving average of $49.33.
In other ExlService Holdings news, COO Pavan Bagai sold 6,000 shares of the stock in a transaction on Thursday, May 4th. The stock was sold at an average price of $49.49, for a total transaction of $296,940.00. Following the completion of the transaction, the chief operating officer now directly owns 85,581 shares of the company’s stock, valued at $4,235,403.69. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Also, CFO Vishal Chhibbar sold 1,234 shares of the stock in a transaction on Monday, June 26th. The shares were 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 $397,240.20. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 144,839 shares of company stock valued at $7,511,837. 5.80% of the stock is currently owned by corporate insiders.
Large investors have recently bought and sold shares of the company. Personal Capital Advisors Corp acquired a new stake in shares of ExlService Holdings during the second quarter worth about $212,000. Tributary Capital Management LLC increased its stake in ExlService Holdings by 11.9% in the second quarter. Tributary Capital Management LLC now owns 308,443 shares of the business services provider’s stock worth $17,143,000 after buying an additional 32,726 shares during the last quarter. Huntington National Bank increased its stake in ExlService Holdings by 82.8% in the second quarter. Huntington National Bank now owns 2,007 shares of the business services provider’s stock worth $112,000 after buying an additional 909 shares during the last quarter. Dubuque Bank & Trust Co. increased its stake in ExlService Holdings by 2.6% in the second quarter. Dubuque Bank & Trust Co. now owns 4,350 shares of the business services provider’s stock worth $242,000 after buying an additional 110 shares during the last quarter. Finally, US Bancorp DE increased its stake in ExlService Holdings by 1.3% in the second quarter. US Bancorp DE now owns 13,950 shares of the business services provider’s stock worth $775,000 after buying an additional 174 shares during the last quarter. Hedge funds and other institutional investors own 95.23% of the company’s stock.
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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