WNS (NYSE:WNS) Updates FY 2023 Earnings Guidance

WNS (NYSE:WNS – Get Rating) issued an update on its FY 2023 earnings guidance on Thursday morning. The company provided earnings per share guidance of $3.82-$3.89 for the period, compared to the consensus earnings per share estimate of $3.78. The company issued revenue guidance of $1.15 billion-$1.16 billion, compared to the consensus revenue estimate of $1.15 billion. WNS also updated its FY23 guidance to $3.82-3.89 EPS.

WNS Price Performance

Shares of WNS opened at $82.50 on Friday. The stock has a market cap of $4.05 billion, a PE ratio of 29.89, a price-to-earnings-growth ratio of 2.21 and a beta of 1.18. The company has a debt-to-equity ratio of 0.32, a quick ratio of 1.93 and a current ratio of 1.93. WNS has a fifty-two week low of $67.07 and a fifty-two week high of $89.65. The firm’s 50-day simple moving average is $82.12 and its two-hundred day simple moving average is $82.85.

WNS (NYSE:WNS – Get Rating) last announced its quarterly earnings data on Thursday, October 20th. The business services provider reported $0.74 earnings per share for the quarter, topping analysts’ consensus estimates of $0.68 by $0.06. The business had revenue of $289.30 million for the quarter, compared to analysts’ expectations of $279.78 million. WNS had a net margin of 11.58% and a return on equity of 21.74%. Analysts anticipate that WNS will post 3.03 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

A number of equities research analysts have weighed in on WNS shares. Cowen upped their price objective on shares of WNS from $96.00 to $100.00 in a report on Wednesday, December 7th. Cowen increased their price target on shares of WNS from $96.00 to $100.00 in a report on Wednesday, December 7th. Robert W. Baird increased their price target on shares of WNS from $88.00 to $90.00 and gave the company a neutral rating in a report on Friday. StockNews.com initiated coverage on shares of WNS in a report on Wednesday, October 12th. They issued a buy rating on the stock. Finally, JPMorgan Chase & Co. dropped their target price on shares of WNS from $109.00 to $102.00 in a report on Thursday, December 15th. One analyst has rated the stock with a hold rating and five have issued a buy rating to the stock. Based on data from MarketBeat, WNS currently has a consensus rating of Moderate Buy and a consensus price target of $96.67.

Institutional Trading of WNS

Institutional investors and hedge funds have recently bought and sold shares of the stock. Advisory Research Inc. purchased a new position in shares of WNS during the 3rd quarter worth about $379,000. BNP Paribas Arbitrage SNC boosted its stake in shares of WNS by 18.7% during the 3rd quarter. BNP Paribas Arbitrage SNC now owns 85,606 shares of the business services provider’s stock worth $7,006,000 after purchasing an additional 13,515 shares during the period. State Street Corp boosted its stake in shares of WNS by 10.2% during the 3rd quarter. State Street Corp now owns 68,049 shares of the business services provider’s stock worth $5,569,000 after purchasing an additional 6,326 shares during the period. First Trust Advisors LP boosted its stake in shares of WNS by 14.9% during the 3rd quarter. First Trust Advisors LP now owns 44,204 shares of the business services provider’s stock worth $3,618,000 after purchasing an additional 5,737 shares during the period. Finally, BlackRock Inc. boosted its stake in shares of WNS by 118.0% during the 3rd quarter. BlackRock Inc. now owns 143,888 shares of the business services provider’s stock worth $11,775,000 after purchasing an additional 77,871 shares during the period. 97.03% of the stock is currently owned by institutional investors.

WNS Company Profile

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WNS (Holdings) Ltd. engages in the provision of business process management solutions. Its services include industry-specific offerings, customer interaction, finance and accounting, human resources, procurement, and research and analytics. It operates through the WNS Global BPM and WNS Auto Claims BPM segments.