ExlService (NASDAQ:EXLS) issued an update on its FY 2020
After-Hours earnings guidance on Monday morning. The company provided earnings per share (EPS) guidance of 3.35-3.45 for the period, compared to the Thomson Reuters consensus estimate of $2.70. The company issued revenue guidance of $945-955 million, compared to the consensus revenue estimate of $933.72 million.ExlService also updated its Q3 2020
After-Hours guidance to 1.00 EPS.
EXLS has been the topic of a number of recent analyst reports. Zacks Investment Research raised shares of ExlService from a sell rating to a hold rating in a report on Tuesday, August 11th. TheStreet raised ExlService from a c+ rating to a b- rating in a research note on Tuesday, August 11th. Citigroup upped their price target on ExlService from $56.00 to $69.00 and gave the company a neutral rating in a research report on Monday, August 10th. BidaskClub lowered ExlService from a hold rating to a sell rating in a research report on Wednesday, September 2nd. Finally, JPMorgan Chase & Co. upped their target price on ExlService from $66.00 to $77.00 and gave the company a neutral rating in a report on Monday, August 17th. One research analyst has rated the stock with a sell rating, eight have given a hold rating and two have given a buy rating to the stock. ExlService currently has a consensus rating of Hold and an average target price of $69.44.
Shares of EXLS traded up $1.02 on Monday, reaching $61.74. The stock had a trading volume of 107,154 shares, compared to its average volume of 202,183. The company has a debt-to-equity ratio of 0.32, a quick ratio of 2.91 and a current ratio of 2.91. ExlService has a 12-month low of $40.61 and a 12-month high of $79.78. The firm has a market capitalization of $2.08 billion, a price-to-earnings ratio of 31.95, a price-to-earnings-growth ratio of 4.14 and a beta of 1.09. The company has a 50-day simple moving average of $64.99 and a 200-day simple moving average of $61.26.
ExlService (NASDAQ:EXLS) last posted its quarterly earnings data on Thursday, August 6th. The business services provider reported $0.53 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.31 by $0.22. ExlService had a return on equity of 13.04% and a net margin of 7.29%. The business had revenue of $222.50 million during the quarter, compared to the consensus estimate of $208.83 million. During the same quarter in the prior year, the company earned $0.74 earnings per share. The firm’s quarterly revenue was down 8.6% compared to the same quarter last year. On average, analysts expect that ExlService will post 2.11 EPS for the current fiscal year.
In related news, EVP Vivek Jetley sold 3,004 shares of the company’s stock in a transaction that occurred on Thursday, August 6th. The stock was sold at an average price of $67.20, for a total value of $201,868.80. Following the sale, the executive vice president now owns 41,224 shares in the company, valued at approximately $2,770,252.80. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, CFO Maurizio Nicolelli acquired 1,500 shares of ExlService stock in a transaction that occurred on Thursday, September 3rd. The shares were bought at an average cost of $63.69 per share, with a total value of $95,535.00. Following the transaction, the chief financial officer now owns 1,500 shares in the company, valued at $95,535. The disclosure for this purchase can be found here. Company insiders own 3.20% of the company’s stock.
ExlService Company Profile
ExlService Holdings, Inc provides operations management and analytics services in the United States, the United Kingdom, and internationally. The company offers business process management (BPM) services to the insurance industry in the areas of claims processing, subrogation, premium and benefit administration, agency management, account reconciliation, policy research, underwriting support, new business processing, policy servicing, premium audit, surveys, billing and collection, commercial and residential survey, and customer services.
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