ExlService Holdings, Inc. (NASDAQ:EXLS) issued an update on its FY17 earnings guidance on Thursday morning. The company provided earnings per share guidance of $2.60-2.64 for the period, compared to the Thomson Reuters consensus earnings per share estimate of $2.61. The company issued revenue guidance of $754-762 million, compared to the consensus revenue estimate of $757.19 million.
Shares of ExlService Holdings, Inc. (NASDAQ EXLS) opened at $61.30 on Friday. ExlService Holdings, Inc. has a 1 year low of $42.96 and a 1 year high of $62.92. The company has a current ratio of 3.81, a quick ratio of 3.81 and a debt-to-equity ratio of 0.08. The company has a market cap of $2,091.91, a PE ratio of 25.68, a price-to-earnings-growth ratio of 2.13 and a beta of 1.30.
ExlService Holdings (NASDAQ:EXLS) last posted its quarterly earnings data on Thursday, October 26th. The business services provider reported $0.68 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $0.65 by $0.03. ExlService Holdings had a net margin of 9.94% and a return on equity of 14.81%. The firm had revenue of $192.30 million for the quarter, compared to the consensus estimate of $191.20 million. During the same quarter in the prior year, the company posted $0.61 earnings per share. The company’s revenue for the quarter was up 12.3% compared to the same quarter last year. equities research analysts predict that ExlService Holdings, Inc. will post 2.12 EPS for the current year.
Several brokerages recently weighed in on EXLS. Stifel Nicolaus reiterated a buy rating and issued a $67.00 price target on shares of ExlService Holdings in a report on Thursday, October 26th. Cantor Fitzgerald reiterated a buy rating and issued a $64.00 price target on shares of ExlService Holdings in a report on Thursday, October 26th. Citigroup Inc. raised their price objective on shares of ExlService Holdings from $59.00 to $61.00 and gave the stock a neutral rating in a research note on Friday, October 27th. Barrington Research raised their price objective on shares of ExlService Holdings from $65.00 to $72.00 and gave the stock an outperform rating in a research note on Friday, October 27th. Finally, Needham & Company LLC reaffirmed a buy rating and set a $68.00 price objective (up previously from $60.00) on shares of ExlService Holdings in a research note on Sunday, October 29th. One investment analyst has rated the stock with a sell rating, six have assigned a hold rating and six have assigned a buy rating to the stock. The company has an average rating of Hold and a consensus price target of $62.33.
In other news, CEO Rohit Kapoor sold 35,780 shares of ExlService Holdings stock in a transaction on Monday, September 18th. The stock was sold at an average price of $55.79, for a total transaction of $1,996,166.20. The transaction was disclosed in a document filed with the SEC, which is available at this link. Also, EVP Villa Rembert De sold 31,370 shares of ExlService Holdings stock in a transaction on Friday, September 22nd. The stock was sold at an average price of $57.21, for a total value of $1,794,677.70. Following the transaction, the executive vice president now owns 17,067 shares in the company, valued at approximately $976,403.07. The disclosure for this sale can be found here. Insiders sold a total of 383,158 shares of company stock worth $22,369,537 in the last 90 days. 5.80% of the stock is currently owned by insiders.
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About ExlService Holdings
ExlService Holdings, Inc is an operations management and analytics company. The Company segments include Insurance; Healthcare; Travel, Transportation and Logistics; Finance and Accounting (F&A); Analytics, and All Other. The Insurance operating segment serves property and casualty insurance, life insurance, disability insurance, annuity and retirement services companies.
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