ExlService (NASDAQ:EXLS) Updates FY20 Earnings Guidance

ExlService (NASDAQ:EXLS) issued an update on its FY20 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 FY 2020
After-Hours guidance to 3.35-3.45 EPS.

A number of equities research analysts recently issued reports on the stock. BidaskClub cut shares of ExlService from a hold rating to a sell rating in a report on Wednesday, September 2nd. Citigroup increased their price objective on ExlService from $56.00 to $69.00 and gave the company a neutral rating in a report on Monday, August 10th. JPMorgan Chase & Co. lifted their price target 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. Zacks Investment Research upgraded shares of ExlService from a sell rating to a hold rating in a report on Tuesday, August 11th. Finally, Barrington Research restated a hold rating on shares of ExlService in a report on Friday, August 7th. One analyst has rated the stock with a sell rating, eight have assigned a hold rating and two have given a buy rating to the company’s stock. ExlService presently has an average rating of Hold and an average target price of $69.44.

ExlService stock traded up $1.02 during trading hours on Monday, hitting $61.74. The stock had a trading volume of 107,130 shares, compared to its average volume of 202,183. The company has a 50-day moving average of $64.81 and a two-hundred day moving average of $61.02. The company has a quick ratio of 2.91, a current ratio of 2.91 and a debt-to-equity ratio of 0.32. ExlService has a fifty-two week low of $40.61 and a fifty-two week high of $79.78. The company has a market cap of $2.11 billion, a PE ratio of 29.97, a price-to-earnings-growth ratio of 4.14 and a beta of 1.09.

ExlService (NASDAQ:EXLS) last released its quarterly earnings data on Thursday, August 6th. The business services provider reported $0.53 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.31 by $0.22. The business had revenue of $222.50 million for the quarter, compared to analysts’ expectations of $208.83 million. ExlService had a return on equity of 13.04% and a net margin of 7.29%. ExlService’s quarterly revenue was down 8.6% on a year-over-year basis. During the same period in the previous year, the business posted $0.74 earnings per share. As a group, analysts forecast that ExlService will post 2.11 EPS for the current fiscal year.

In other ExlService news, CFO Maurizio Nicolelli bought 1,500 shares of the firm’s stock in a transaction dated Thursday, September 3rd. The shares were acquired at an average cost of $63.69 per share, for a total transaction of $95,535.00. Following the transaction, the chief financial officer now owns 1,500 shares in the company, valued at $95,535. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, EVP Vivek Jetley sold 1,316 shares of the company’s stock in a transaction dated Tuesday, August 11th. The shares were sold at an average price of $68.50, for a total transaction 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 approximately $2,708,216. The disclosure for this sale can be found here. Corporate insiders own 3.20% of the company’s stock.

About ExlService

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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Earnings History and Estimates for ExlService (NASDAQ:EXLS)

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