Wall Street brokerages predict that ExlService Holdings, Inc. (NASDAQ:EXLS) will announce $209.51 million in sales for the current fiscal quarter, Zacks Investment Research reports. Seven analysts have issued estimates for ExlService’s earnings, with the lowest sales estimate coming in at $208.80 million and the highest estimate coming in at $210.76 million. ExlService posted sales of $189.06 million during the same quarter last year, which suggests a positive year-over-year growth rate of 10.8%. The company is expected to announce its next quarterly earnings results on Thursday, July 26th.
On average, analysts expect that ExlService will report full year sales of $847.10 million for the current fiscal year, with estimates ranging from $845.50 million to $852.09 million. For the next financial year, analysts forecast that the business will report sales of $920.14 million per share, with estimates ranging from $912.00 million to $933.20 million. Zacks Investment Research’s sales averages are an average based on a survey of research analysts that that provide coverage for ExlService.
ExlService (NASDAQ:EXLS) last announced its quarterly earnings results on Tuesday, May 1st. The business services provider reported $0.64 earnings per share (EPS) for the quarter, meeting the Zacks’ consensus estimate of $0.64. The firm had revenue of $206.97 million during the quarter, compared to the consensus estimate of $203.78 million. ExlService had a return on equity of 15.05% and a net margin of 7.03%. The firm’s quarterly revenue was up 13.1% compared to the same quarter last year. During the same period in the prior year, the company posted $0.60 earnings per share.
A number of equities analysts recently issued reports on the company. Zacks Investment Research downgraded ExlService from a “hold” rating to a “sell” rating in a report on Tuesday. William Blair reissued an “outperform” rating on shares of ExlService in a report on Tuesday, February 27th. BidaskClub raised ExlService from a “sell” rating to a “hold” rating in a report on Tuesday, March 13th. Barrington Research reissued an “outperform” rating and issued a $70.00 price objective (down from $72.00) on shares of ExlService in a report on Monday, February 26th. Finally, ValuEngine raised ExlService from a “hold” rating to a “buy” rating in a report on Friday, March 2nd. Two equities research analysts have rated the stock with a sell rating, five have given a hold rating and seven have assigned a buy rating to the company. The company currently has an average rating of “Hold” and an average target price of $62.64.
In other news, CFO Vishal Chhibbar sold 3,000 shares of the company’s stock in a transaction that occurred on Friday, March 16th. The stock was sold at an average price of $59.62, for a total transaction of $178,860.00. Following the completion of the sale, the chief financial officer now owns 14,361 shares in the company, valued at $856,202.82. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, CEO Rohit Kapoor sold 1,200 shares of the company’s stock in a transaction that occurred on Wednesday, April 18th. The stock was sold at an average price of $59.95, for a total value of $71,940.00. The disclosure for this sale can be found here. Insiders sold 6,380 shares of company stock valued at $375,865 over the last three months. Corporate insiders own 4.40% of the company’s stock.
Several institutional investors have recently added to or reduced their stakes in the company. Xact Kapitalforvaltning AB purchased a new stake in shares of ExlService during the fourth quarter worth approximately $408,000. We Are One Seven LLC purchased a new stake in shares of ExlService during the fourth quarter worth approximately $191,000. MetLife Investment Advisors LLC purchased a new stake in shares of ExlService during the fourth quarter worth approximately $855,000. Millennium Management LLC raised its stake in shares of ExlService by 699.9% during the fourth quarter. Millennium Management LLC now owns 111,121 shares of the business services provider’s stock worth $6,706,000 after purchasing an additional 97,230 shares during the last quarter. Finally, Teachers Advisors LLC raised its stake in shares of ExlService by 3.3% during the fourth quarter. Teachers Advisors LLC now owns 370,029 shares of the business services provider’s stock worth $22,331,000 after purchasing an additional 11,819 shares during the last quarter. Institutional investors and hedge funds own 90.77% of the company’s stock.
ExlService traded up $0.32, reaching $59.25, on Monday, according to MarketBeat. The company’s stock had a trading volume of 281,359 shares, compared to its average volume of 141,125. The company has a quick ratio of 4.15, a current ratio of 4.15 and a debt-to-equity ratio of 0.11. The company has a market capitalization of $2.03 billion, a price-to-earnings ratio of 23.51, a price-to-earnings-growth ratio of 2.01 and a beta of 1.16. ExlService has a fifty-two week low of $51.89 and a fifty-two week high of $64.34.
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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