ExlService (NASDAQ:EXLS) issued an update on its third quarter earnings guidance on Monday morning. The company provided EPS guidance of at least $1.00 for the period, compared to the Thomson Reuters consensus EPS estimate of $0.64. The company issued revenue guidance of at least $239 million, compared to the consensus revenue estimate of $227.77 million.ExlService also updated its FY 2020
After-Hours guidance to 3.35-3.45 EPS.
EXLS has been the topic of a number of recent research reports. Citigroup raised their price objective on ExlService from $56.00 to $69.00 and gave the company a neutral rating in a research report on Monday, August 10th. BidaskClub downgraded shares of ExlService from a hold rating to a sell rating in a research report on Wednesday, September 2nd. JPMorgan Chase & Co. increased their target price on shares of ExlService from $66.00 to $77.00 and gave the company a neutral rating in a research report on Monday, August 17th. TheStreet upgraded shares of ExlService from a c+ rating to a b- rating in a research note on Tuesday, August 11th. Finally, Barrington Research reaffirmed a hold rating on shares of ExlService in a research report on Friday, August 7th. One investment analyst has rated the stock with a sell rating, eight have given a hold rating and two have assigned a buy rating to the company. ExlService has an average rating of Hold and a consensus target price of $69.44.
NASDAQ:EXLS traded up $1.02 during mid-day trading on Monday, hitting $61.74. The company’s stock had a trading volume of 107,130 shares, compared to its average volume of 202,183. The business’s fifty day moving average is $64.81 and its two-hundred day moving average is $61.02. The stock has a market cap of $2.11 billion, a price-to-earnings ratio of 29.97, a PEG ratio of 4.14 and a beta of 1.09. The company has a debt-to-equity ratio of 0.32, a current ratio of 2.91 and a quick ratio of 2.91. ExlService has a 1 year low of $40.61 and a 1 year high of $79.78.
ExlService (NASDAQ:EXLS) last issued its earnings results on Thursday, August 6th. The business services provider reported $0.53 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 firm had revenue of $222.50 million for the quarter, compared to the consensus estimate of $208.83 million. During the same quarter in the prior year, the business earned $0.74 earnings per share. The company’s revenue was down 8.6% compared to the same quarter last year. Analysts anticipate that ExlService will post 2.11 EPS for the current fiscal year.
In other news, EVP Vivek Jetley sold 1,316 shares of the company’s stock in a transaction that occurred on Tuesday, August 11th. The stock was sold at an average price of $68.50, for a total value of $90,146.00. Following the completion of the sale, the executive vice president now directly owns 39,536 shares in the company, valued at $2,708,216. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, CFO Maurizio Nicolelli purchased 1,500 shares of the business’s stock in a transaction that occurred on Thursday, September 3rd. The stock was bought at an average cost of $63.69 per share, with a total value of $95,535.00. Following the acquisition, the chief financial officer now owns 1,500 shares of the company’s stock, valued at approximately $95,535. The disclosure for this purchase can be found here. 3.20% of the stock is owned by corporate insiders.
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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