ExlService (EXLS) Issues FY 2018 Earnings Guidance

ExlService (NASDAQ:EXLS) issued an update on its FY 2018 earnings guidance on Thursday morning. The company provided EPS guidance of $2.72-2.78 for the period, compared to the Thomson Reuters consensus EPS estimate of $2.76. The company issued revenue guidance of $877-885 million, compared to the consensus revenue estimate of $886.23 million.ExlService also updated its FY18 guidance to $2.72-2.78 EPS.

Shares of NASDAQ:EXLS opened at $58.79 on Friday. The company has a market capitalization of $2.20 billion, a P/E ratio of 23.33, a price-to-earnings-growth ratio of 2.22 and a beta of 1.23. ExlService has a 52 week low of $52.52 and a 52 week high of $67.06. The company has a quick ratio of 3.57, a current ratio of 3.57 and a debt-to-equity ratio of 0.10.

ExlService (NASDAQ:EXLS) last issued its quarterly earnings data on Thursday, November 1st. The business services provider reported $0.71 EPS for the quarter, hitting analysts’ consensus estimates of $0.71. The company had revenue of $231.12 million during the quarter, compared to the consensus estimate of $231.49 million. ExlService had a net margin of 6.11% and a return on equity of 14.25%. ExlService’s revenue for the quarter was up 20.2% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $0.69 earnings per share. On average, sell-side analysts predict that ExlService will post 2.22 EPS for the current fiscal year.

EXLS has been the subject of a number of recent research reports. Cantor Fitzgerald reissued a buy rating and issued a $71.00 price objective on shares of ExlService in a research note on Thursday, August 2nd. Barrington Research set a $70.00 price objective on shares of ExlService and gave the stock a buy rating in a research note on Friday, July 13th. ValuEngine raised shares of ExlService from a hold rating to a buy rating in a research note on Wednesday, July 11th. BidaskClub raised shares of ExlService from a hold rating to a buy rating in a research note on Saturday, July 7th. Finally, Zacks Investment Research raised shares of ExlService from a hold rating to a buy rating and set a $69.00 price objective for the company in a research note on Wednesday, July 18th. Two analysts have rated the stock with a hold rating and seven have issued a buy rating to the company. The stock currently has an average rating of Buy and a consensus price target of $65.20.

In other ExlService news, Director Garen K. Staglin sold 5,631 shares of ExlService stock in a transaction on Wednesday, October 10th. The shares were sold at an average price of $63.50, for a total value of $357,568.50. Following the transaction, the director now directly owns 24,477 shares of the company’s stock, valued at $1,554,289.50. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, CEO Rohit Kapoor sold 6,761 shares of ExlService stock in a transaction on Wednesday, August 29th. The stock was sold at an average price of $62.54, for a total transaction of $422,832.94. Following the completion of the transaction, the chief executive officer now directly owns 351,559 shares in the company, valued at $21,986,499.86. The disclosure for this sale can be found here. Insiders sold 104,233 shares of company stock worth $6,727,414 over the last ninety days. Corporate insiders own 4.40% 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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