ExlService Holdings, Inc. (NASDAQ:EXLS) Expected to Announce Quarterly Sales of $191.38 Million
Brokerages predict that ExlService Holdings, Inc. (NASDAQ:EXLS) will report sales of $191.38 million for the current quarter, according to Zacks Investment Research. Eight analysts have made estimates for ExlService Holdings’ earnings, with estimates ranging from $190.03 million to $193.22 million. ExlService Holdings reported sales of $171.20 million in the same quarter last year, which indicates a positive year-over-year growth rate of 11.8%. The firm is scheduled to announce its next quarterly earnings report on Thursday, October 26th.
On average, analysts expect that ExlService Holdings will report full year sales of $191.38 million for the current year, with estimates ranging from $755.00 million to $759.57 million. For the next year, analysts forecast that the firm will post sales of $828.48 million per share, with estimates ranging from $820.00 million to $838.31 million. Zacks Investment Research’s sales calculations are an average based on a survey of sell-side research firms that follow ExlService Holdings.
ExlService Holdings (NASDAQ:EXLS) last posted its earnings results on Thursday, July 27th. The business services provider reported $0.70 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.46 by $0.24. ExlService Holdings had a return on equity of 14.34% and a net margin of 9.53%. The firm had revenue of $189.10 million during the quarter, compared to analysts’ expectations of $185.65 million. During the same period in the previous year, the firm earned $0.55 earnings per share. The company’s revenue was up 10.9% on a year-over-year basis.
Several research analysts have recently weighed in on the stock. Zacks Investment Research upgraded shares of ExlService Holdings from a “hold” rating to a “strong-buy” rating and set a $66.00 price objective on the stock in a research report on Tuesday, August 1st. Needham & Company LLC reiterated a “buy” rating and issued a $60.00 price target (up from $59.00) on shares of ExlService Holdings in a report on Sunday, July 30th. Stifel Nicolaus reiterated a “buy” rating and issued a $67.00 price target (up from $60.00) on shares of ExlService Holdings in a report on Sunday, July 30th. BidaskClub upgraded shares of ExlService Holdings from a “hold” rating to a “buy” rating in a report on Wednesday, August 2nd. Finally, Wedbush began coverage on shares of ExlService Holdings in a report on Thursday, August 3rd. They issued a “neutral” rating and a $63.00 price target on the stock. One investment analyst has rated the stock with a sell rating, four have issued a hold rating, five have issued a buy rating and one has assigned a strong buy rating to the stock. ExlService Holdings presently has an average rating of “Buy” and a consensus price target of $59.80.
ExlService Holdings (NASDAQ:EXLS) opened at 55.95 on Friday. The company’s 50-day moving average price is $55.83 and its 200 day moving average price is $50.10. The firm has a market capitalization of $1.89 billion, a PE ratio of 28.39 and a beta of 1.30. ExlService Holdings has a 12 month low of $42.00 and a 12 month high of $59.84.
In other ExlService Holdings news, CFO Vishal Chhibbar sold 1,234 shares of the business’s stock in a transaction dated Monday, June 26th. The shares were sold at an average price of $55.80, for a total value of $68,857.20. Following the completion of the sale, the chief financial officer now directly owns 7,119 shares of the company’s stock, valued at approximately $397,240.20. The transaction was disclosed in a filing with the SEC, which is available through this link. Also, CEO Rohit Kapoor sold 43,337 shares of the business’s stock in a transaction dated Friday, June 23rd. The shares were sold at an average price of $55.03, for a total transaction of $2,384,835.11. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 81,242 shares of company stock valued at $4,403,811. 5.80% of the stock is owned by corporate insiders.
A number of large investors have recently added to or reduced their stakes in the stock. BlackRock Inc. boosted its stake 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. FMR LLC boosted its stake in shares of ExlService Holdings by 16.8% in the second quarter. FMR LLC now owns 3,887,355 shares of the business services provider’s stock valued at $216,060,000 after buying an additional 557,892 shares during the last quarter. Vanguard Group Inc. boosted its stake in shares of ExlService Holdings by 2.1% in the second quarter. Vanguard Group Inc. now owns 2,949,034 shares of the business services provider’s stock valued at $163,908,000 after buying an additional 61,535 shares during the last quarter. Aberdeen Asset Management PLC UK boosted its stake in shares of ExlService Holdings by 0.4% in the second quarter. Aberdeen Asset Management PLC UK now owns 1,173,749 shares of the business services provider’s stock valued at $65,237,000 after buying an additional 5,158 shares during the last quarter. Finally, Dimensional Fund Advisors LP boosted its stake in shares of ExlService Holdings by 1.1% in the second quarter. Dimensional Fund Advisors LP now owns 1,173,323 shares of the business services provider’s stock valued at $65,214,000 after buying an additional 13,095 shares during the last quarter. 94.42% of the stock is owned by institutional investors.
ExlService Holdings Company Profile
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.
For more information about research offerings from Zacks Investment Research, visit Zacks.com
Receive News & Ratings for ExlService Holdings Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for ExlService Holdings Inc. and related companies with MarketBeat.com's FREE daily email newsletter.