Zacks: Brokerages Anticipate WNS (Holdings) Limited (WNS) Will Post Quarterly Sales of $176.13 Million
Equities analysts forecast that WNS (Holdings) Limited (NYSE:WNS) will post sales of $176.13 million for the current quarter, according to Zacks. Eight analysts have provided estimates for WNS (Holdings) Limited’s earnings, with the lowest sales estimate coming in at $171.09 million and the highest estimate coming in at $181.61 million. WNS (Holdings) Limited reported sales of $143.70 million in the same quarter last year, which would suggest a positive year over year growth rate of 22.6%. The company is expected to issue its next quarterly earnings report on Thursday, October 19th.
According to Zacks, analysts expect that WNS (Holdings) Limited will report full year sales of $176.13 million for the current fiscal year, with estimates ranging from $697.41 million to $732.91 million. For the next year, analysts forecast that the firm will report sales of $783.40 million per share, with estimates ranging from $757.84 million to $808.56 million. Zacks Investment Research’s sales calculations are a mean average based on a survey of sell-side analysts that follow WNS (Holdings) Limited.
WNS (Holdings) Limited (NYSE:WNS) last announced its quarterly earnings results on Thursday, July 20th. The business services provider reported $0.45 earnings per share for the quarter, hitting analysts’ consensus estimates of $0.45. WNS (Holdings) Limited had a net margin of 6.66% and a return on equity of 18.73%. The firm had revenue of $175.30 million during the quarter, compared to analysts’ expectations of $162.73 million. During the same period in the prior year, the company earned $0.45 EPS. The firm’s revenue was up 18.4% on a year-over-year basis.
A number of research analysts have recently weighed in on WNS shares. Zacks Investment Research downgraded shares of WNS (Holdings) Limited from a “buy” rating to a “hold” rating in a report on Saturday, May 27th. Cowen and Company upgraded shares of WNS (Holdings) Limited from a “market perform” rating to an “outperform” rating and set a $38.00 price target on the stock in a report on Wednesday, June 14th. BidaskClub upgraded shares of WNS (Holdings) Limited from a “hold” rating to a “buy” rating in a report on Saturday, June 24th. Cantor Fitzgerald reiterated a “buy” rating and issued a $38.00 target price on shares of WNS (Holdings) Limited in a research note on Thursday, June 29th. Finally, Barrington Research raised their target price on shares of WNS (Holdings) Limited from $38.00 to $40.00 and gave the company an “outperform” rating in a research note on Friday, July 21st. One analyst has rated the stock with a hold rating and ten have given a buy rating to the company’s stock. The company currently has a consensus rating of “Buy” and an average price target of $38.67.
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Shares of WNS (NYSE:WNS) remained flat at $35.85 during mid-day trading on Tuesday. The company’s stock had a trading volume of 31,544 shares. The stock’s 50 day moving average price is $35.26 and its 200-day moving average price is $32.51. WNS has a one year low of $24.82 and a one year high of $36.47. The company has a market capitalization of $1.81 billion, a P/E ratio of 44.87 and a beta of 0.96.
A number of hedge funds and other institutional investors have recently bought and sold shares of WNS. 1st Global Advisors Inc. bought a new position in shares of WNS (Holdings) Limited during the 2nd quarter worth about $223,000. Arrowstreet Capital Limited Partnership lifted its holdings in shares of WNS (Holdings) Limited by 17.4% during the 2nd quarter. Arrowstreet Capital Limited Partnership now owns 485,389 shares of the business services provider’s stock worth $16,678,000 after acquiring an additional 71,934 shares during the period. Mitra Capital LLC bought a new position in shares of WNS (Holdings) Limited during the 2nd quarter worth about $2,178,000. State Street Corp lifted its holdings in shares of WNS (Holdings) Limited by 69.8% during the 2nd quarter. State Street Corp now owns 88,251 shares of the business services provider’s stock worth $3,033,000 after acquiring an additional 36,268 shares during the period. Finally, Lenox Wealth Management Inc. bought a new position in shares of WNS (Holdings) Limited during the 2nd quarter worth about $464,000. Institutional investors own 86.22% of the company’s stock.
WNS (Holdings) Limited Company Profile
WNS (Holdings) Limited is a global provider of business process management (BPM) services. The Company offers data, voice, analytical and business transformation services. The Company’s segments include WNS Global BPM and WNS Auto Claims BPM. Its operating segments include travel, insurance, banking and financial services, healthcare, utilities, retail and consumer products groups, auto claims and others.
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