Wall Street brokerages forecast that WNS (Holdings) Limited (NYSE:WNS) will announce sales of $183.47 million for the current fiscal quarter, Zacks reports. Eight analysts have provided estimates for WNS’s earnings. The highest sales estimate is $188.00 million and the lowest is $180.27 million. WNS reported sales of $154.10 million during the same quarter last year, which would suggest a positive year-over-year growth rate of 19.1%. The business is expected to issue its next quarterly earnings report before the market opens on Thursday, April 26th.
On average, analysts expect that WNS will report full year sales of $183.47 million for the current fiscal year, with estimates ranging from $722.10 million to $730.77 million. For the next year, analysts expect that the company will report sales of $803.21 million per share, with estimates ranging from $792.17 million to $813.94 million. Zacks’ sales calculations are a mean average based on a survey of sell-side analysts that follow WNS.
WNS (NYSE:WNS) last issued its quarterly earnings data on Thursday, January 18th. The business services provider reported $0.56 EPS for the quarter, topping the consensus estimate of $0.50 by $0.06. The firm had revenue of $185.20 million during the quarter, compared to the consensus estimate of $175.85 million. WNS had a return on equity of 20.19% and a net margin of 7.96%. The company’s quarterly revenue was up 32.5% compared to the same quarter last year. During the same period in the prior year, the business posted $0.49 earnings per share.
WNS has been the subject of a number of research analyst reports. Barrington Research increased their price target on WNS from $44.00 to $53.00 and gave the company an “outperform” rating in a research report on Friday, January 19th. ValuEngine raised WNS from a “hold” rating to a “buy” rating in a research report on Friday, February 2nd. Robert W. Baird reaffirmed a “buy” rating and set a $46.00 price target on shares of WNS in a research report on Thursday, December 21st. Cantor Fitzgerald reaffirmed a “buy” rating and set a $52.00 price target on shares of WNS in a research report on Sunday, January 21st. Finally, Citigroup reaffirmed a “buy” rating and set a $50.00 price target (up from $43.00) on shares of WNS in a research report on Thursday, January 18th. Two analysts have rated the stock with a hold rating, eleven have given a buy rating and two have given a strong buy rating to the stock. The stock has an average rating of “Buy” and an average price target of $48.23.
Large investors have recently added to or reduced their stakes in the business. Trexquant Investment LP purchased a new stake in WNS in the third quarter worth $210,000. Castleark Management LLC purchased a new stake in WNS in the fourth quarter worth $217,000. Capital Fund Management S.A. increased its position in WNS by 33.8% in the fourth quarter. Capital Fund Management S.A. now owns 9,500 shares of the business services provider’s stock worth $381,000 after buying an additional 2,400 shares during the last quarter. JPMorgan Chase & Co. increased its position in WNS by 2,604.7% in the third quarter. JPMorgan Chase & Co. now owns 16,228 shares of the business services provider’s stock worth $589,000 after buying an additional 15,628 shares during the last quarter. Finally, Lenox Wealth Management Inc. increased its position in WNS by 30.2% in the third quarter. Lenox Wealth Management Inc. now owns 17,606 shares of the business services provider’s stock worth $642,000 after buying an additional 4,088 shares during the last quarter. 86.42% of the stock is owned by institutional investors and hedge funds.
Shares of WNS stock traded up $0.52 on Monday, hitting $46.28. The company had a trading volume of 186,536 shares, compared to its average volume of 224,424. The company has a market cap of $2,301.82, a PE ratio of 31.44, a price-to-earnings-growth ratio of 1.75 and a beta of 0.86. WNS has a 1 year low of $27.69 and a 1 year high of $48.26. The company has a quick ratio of 2.54, a current ratio of 2.54 and a debt-to-equity ratio of 0.16.
WNS announced that its board has initiated a share buyback program on Thursday, January 18th that permits the company to repurchase 3,300,000 shares. This repurchase authorization permits the business services provider to purchase shares of its stock through open market purchases. Shares repurchase programs are typically a sign that the company’s board of directors believes its stock is undervalued.
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WNS Company Profile
WNS (Holdings) Limited is a global provider of business process management (BPM) services. The Company offers data, voice, analytical and business transformation services. The Company’s segments include WNS Global BPM and WNS Auto Claims BPM. Its operating segments include travel, insurance, banking and financial services, healthcare, utilities, retail and consumer products groups, auto claims and others.
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