ExlService Holdings, Inc. (NASDAQ:EXLS) Releases FY17 Earnings Guidance
ExlService Holdings, Inc. (NASDAQ:EXLS) issued an update on its FY17 earnings guidance on Thursday morning. The company provided earnings per share (EPS) guidance of $2.54-2.64 for the period, compared to the Thomson Reuters consensus estimate of $2.57. The company issued revenue guidance of $748-762 million, compared to the consensus revenue estimate of $753.02 million.
Shares of ExlService Holdings, Inc. (EXLS) traded up 2.19% on Thursday, hitting $56.86. The stock had a trading volume of 46,984 shares. The firm has a market cap of $1.91 billion, a P/E ratio of 30.41 and a beta of 1.30. ExlService Holdings, Inc. has a 12 month low of $42.00 and a 12 month high of $58.52. The firm’s 50-day moving average price is $54.55 and its 200 day moving average price is $49.42.
ExlService Holdings (NASDAQ:EXLS) last released its quarterly earnings results on Thursday, July 27th. The business services provider reported $0.70 earnings per share for the quarter, topping the consensus estimate of $0.60 by $0.10. ExlService Holdings had a net margin of 9.22% and a return on equity of 13.59%. The firm had revenue of $189.10 million during the quarter, compared to the consensus estimate of $185.65 million. During the same quarter in the prior year, the firm earned $0.55 EPS. The company’s revenue for the quarter was up 10.9% on a year-over-year basis. Analysts anticipate that ExlService Holdings, Inc. will post $2.57 EPS for the current fiscal year.
EXLS has been the subject of several research analyst reports. Zacks Investment Research upgraded shares of ExlService Holdings from a sell rating to a hold rating in a research report on Friday, March 31st. Cowen and Company restated 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 reiterated an overweight rating and issued a $56.00 price objective (up previously from $50.00) on shares of ExlService Holdings in a report on Wednesday, May 3rd. Wells Fargo & Company reiterated a market perform rating and issued a $50.00 price objective (up previously from $48.00) on shares of ExlService Holdings in a report on Tuesday, May 23rd. Finally, Needham & Company LLC increased their price objective on shares of ExlService Holdings from $56.00 to $59.00 and gave the company a buy rating in a report on Wednesday, June 21st. Four equities research analysts have rated the stock with a hold rating and four have issued a buy rating to the company’s stock. The stock currently has an average rating of Buy and an average price target of $57.14.
In other ExlService Holdings news, CEO Rohit Kapoor sold 43,337 shares of the stock in a transaction dated Friday, June 23rd. The shares were sold at an average price of $55.03, for a total value of $2,384,835.11. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, CFO Vishal Chhibbar sold 1,234 shares of the stock in a transaction dated Monday, June 26th. The shares were sold at an average price of $55.80, for a total transaction of $68,857.20. Following the completion of the sale, 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. In the last quarter, insiders sold 115,319 shares of company stock valued at $6,091,925. 5.80% of the stock is owned by insiders.
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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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