FY2024 Earnings Estimate for Concentrix Issued By Scotiabank

Concentrix Co. (NASDAQ:CNXC) – Equities researchers at Scotiabank issued their FY2024 earnings per share estimates for Concentrix in a research report issued on Wednesday, January 8th. Scotiabank analyst D. Goyal anticipates that the company will earn $10.04 per share for the year. The consensus estimate for Concentrix’s current full-year earnings is $10.18 per share. Scotiabank also issued estimates for Concentrix’s FY2025 earnings at $10.11 EPS.

Several other research analysts also recently issued reports on CNXC. Barrington Research reduced their price objective on Concentrix from $84.00 to $70.00 and set an “outperform” rating on the stock in a report on Thursday, September 26th. Robert W. Baird started coverage on Concentrix in a research note on Thursday, October 3rd. They set an “outperform” rating and a $70.00 price target on the stock. Baird R W upgraded Concentrix to a “strong-buy” rating in a research report on Thursday, October 3rd. Canaccord Genuity Group cut their target price on shares of Concentrix from $125.00 to $100.00 and set a “buy” rating on the stock in a research report on Thursday, September 26th. Finally, Bank of America reduced their target price on shares of Concentrix from $85.00 to $70.00 and set a “neutral” rating on the stock in a research note on Thursday, September 26th. One investment analyst has rated the stock with a hold rating, four have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. According to data from MarketBeat.com, Concentrix currently has an average rating of “Buy” and a consensus price target of $79.00.

Concentrix Trading Up 0.3 %

Shares of CNXC opened at $45.75 on Friday. The stock has a fifty day moving average price of $43.05 and a two-hundred day moving average price of $55.31. The company has a debt-to-equity ratio of 1.18, a quick ratio of 1.57 and a current ratio of 1.57. The company has a market cap of $2.97 billion, a price-to-earnings ratio of 14.85, a PEG ratio of 0.56 and a beta of 0.63. Concentrix has a 52-week low of $36.28 and a 52-week high of $106.10.

Institutional Trading of Concentrix

Institutional investors have recently made changes to their positions in the business. GAMMA Investing LLC grew its stake in Concentrix by 64.9% in the third quarter. GAMMA Investing LLC now owns 729 shares of the company’s stock valued at $37,000 after purchasing an additional 287 shares in the last quarter. Benjamin F. Edwards & Company Inc. acquired a new stake in shares of Concentrix in the 2nd quarter valued at approximately $68,000. Quarry LP grew its stake in shares of Concentrix by 769.9% in the second quarter. Quarry LP now owns 1,244 shares of the company’s stock valued at $79,000 after buying an additional 1,101 shares in the last quarter. Quest Partners LLC acquired a new position in Concentrix during the third quarter worth $146,000. Finally, Blue Trust Inc. raised its position in Concentrix by 62.4% during the third quarter. Blue Trust Inc. now owns 3,132 shares of the company’s stock worth $161,000 after acquiring an additional 1,204 shares in the last quarter. Institutional investors own 90.34% of the company’s stock.

Concentrix Company Profile

Concentrix Corporation engages in the provision of technology-infused customer experience (CX) solutions worldwide. The company provides CX process optimization, technology innovation, front- and back-office automation, analytics, and business transformation services, across various channels of communication, such as voice, chat, email, social media, asynchronous messaging, and custom applications.