ExlService (EXLS) Scheduled to Post Quarterly Earnings on Tuesday

ExlService (NASDAQ:EXLS) is set to announce its earnings results after the market closes on Tuesday, October 29th. Analysts expect the company to announce earnings of $0.41 per share for the quarter. ExlService has set its FY24 guidance at $1.59-1.62 EPS and its FY 2024 guidance at 1.590-1.620 EPS.Investors interested in participating in the company’s conference call can do so using this link.

ExlService (NASDAQ:EXLS) last posted its quarterly earnings data on Thursday, August 1st. The business services provider reported $0.40 earnings per share for the quarter, topping the consensus estimate of $0.39 by $0.01. The company had revenue of $448.40 million for the quarter, compared to analysts’ expectations of $444.61 million. ExlService had a net margin of 10.45% and a return on equity of 22.92%. ExlService’s revenue for the quarter was up 10.7% compared to the same quarter last year. During the same period in the prior year, the business earned $0.31 earnings per share. On average, analysts expect ExlService to post $1 EPS for the current fiscal year and $2 EPS for the next fiscal year.

ExlService Stock Down 1.2 %

EXLS stock opened at $38.60 on Friday. The company has a current ratio of 2.45, a quick ratio of 2.45 and a debt-to-equity ratio of 0.30. The company’s 50 day moving average is $37.45 and its 200 day moving average is $33.47. The stock has a market cap of $6.23 billion, a price-to-earnings ratio of 36.08, a price-to-earnings-growth ratio of 2.07 and a beta of 1.00. ExlService has a 1-year low of $25.34 and a 1-year high of $40.77.

Insider Activity

In other news, CEO Rohit Kapoor sold 40,000 shares of the stock in a transaction that occurred on Thursday, August 8th. The stock was sold at an average price of $34.05, for a total transaction of $1,362,000.00. Following the completion of the sale, the chief executive officer now owns 1,509,588 shares of the company’s stock, valued at approximately $51,401,471.40. This represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. In related news, EVP Anita Mahon sold 25,670 shares of the firm’s stock in a transaction on Wednesday, August 21st. The stock was sold at an average price of $35.50, for a total value of $911,285.00. Following the completion of the sale, the executive vice president now owns 68,857 shares of the company’s stock, valued at $2,444,423.50. This trade represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available through this link. Also, CEO Rohit Kapoor sold 40,000 shares of the firm’s stock in a transaction on Thursday, August 8th. The stock was sold at an average price of $34.05, for a total value of $1,362,000.00. Following the completion of the sale, the chief executive officer now directly owns 1,509,588 shares of the company’s stock, valued at $51,401,471.40. The trade was a 0.00 % decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 134,875 shares of company stock valued at $4,716,859. 4.16% of the stock is currently owned by company insiders.

Analyst Upgrades and Downgrades

Several research analysts recently weighed in on EXLS shares. Citigroup upped their price objective on shares of ExlService from $38.00 to $46.00 and gave the stock a “buy” rating in a research report on Monday, October 14th. Needham & Company LLC reiterated a “buy” rating and set a $40.00 price target on shares of ExlService in a research report on Friday, August 2nd. Robert W. Baird increased their price target on shares of ExlService from $35.00 to $40.00 and gave the company a “neutral” rating in a research report on Thursday, October 10th. JPMorgan Chase & Co. increased their price target on shares of ExlService from $38.00 to $41.00 and gave the company an “overweight” rating in a research report on Friday, September 6th. Finally, Jefferies Financial Group upgraded shares of ExlService from a “hold” rating to a “buy” rating and increased their price target for the company from $35.00 to $42.00 in a research report on Monday, September 9th. Two equities research analysts have rated the stock with a hold rating and six have issued a buy rating to the company. Based on data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $40.86.

About ExlService

ExlService Holdings, Inc operates as a data analytics, and digital operations and solutions company in the United States and internationally. The company operates through Insurance, Healthcare, Analytics, and Emerging Business segments. It also provides digital operations and solutions and analytics-driven services, such as claims processing, premium and benefit administration, agency management, account reconciliation, policy research, underwriting support, new business acquisition, policy servicing, premium audit, surveys, billing and collection, commercial and residential survey, and customer service using digital technology, artificial intelligence, machine learning, and advanced automation; digital customer acquisition services using a software-as-a-service delivery model through LifePRO and LISS platforms; subrogation services; and Subrosource software platform, an end-to-end subrogation platform.