Concentrix (CNXC) Set to Announce Earnings on Wednesday

Concentrix (NASDAQ:CNXC) is scheduled to release its earnings data after the market closes on Wednesday, September 25th. Analysts expect Concentrix to post earnings of $2.66 per share for the quarter. Individual that wish to register for the company’s earnings conference call can do so using this link.

Concentrix (NASDAQ:CNXC) last released its earnings results on Wednesday, June 26th. The company reported $2.69 EPS for the quarter, beating the consensus estimate of $2.63 by $0.06. Concentrix had a return on equity of 17.00% and a net margin of 3.08%. The firm had revenue of $2.38 billion during the quarter, compared to analyst estimates of $2.35 billion. During the same period in the prior year, the firm posted $2.50 earnings per share. The business’s quarterly revenue was up 47.4% compared to the same quarter last year. On average, analysts expect Concentrix to post $11 EPS for the current fiscal year and $12 EPS for the next fiscal year.

Concentrix Stock Down 1.2 %

Shares of NASDAQ:CNXC opened at $63.38 on Monday. Concentrix has a 12-month low of $53.89 and a 12-month high of $106.10. The stock’s 50-day moving average price is $68.36 and its two-hundred day moving average price is $63.82. The company has a current ratio of 1.54, a quick ratio of 1.56 and a debt-to-equity ratio of 1.21. The firm has a market cap of $4.14 billion, a price-to-earnings ratio of 14.67, a PEG ratio of 0.70 and a beta of 0.61.

Concentrix Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, August 6th. Stockholders of record on Friday, July 26th were paid a dividend of $0.303 per share. The ex-dividend date was Friday, July 26th. This represents a $1.21 annualized dividend and a dividend yield of 1.91%. Concentrix’s dividend payout ratio is presently 28.01%.

Insider Buying and Selling at Concentrix

In other Concentrix news, EVP Cormac J. Twomey sold 400 shares of Concentrix stock in a transaction that occurred on Thursday, August 29th. The stock was sold at an average price of $74.63, for a total value of $29,852.00. Following the completion of the transaction, the executive vice president now directly owns 29,327 shares in the company, valued at $2,188,674.01. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Insiders sold a total of 1,200 shares of company stock worth $82,028 over the last 90 days. Insiders own 3.00% of the company’s stock.

Analyst Ratings Changes

CNXC has been the subject of a number of research analyst reports. Barrington Research reissued an “outperform” rating and set a $84.00 target price on shares of Concentrix in a research report on Friday. Canaccord Genuity Group reissued a “buy” rating and issued a $125.00 price objective on shares of Concentrix in a research report on Thursday, June 27th. Finally, Bank of America raised shares of Concentrix from an “underperform” rating to a “neutral” rating and upped their price target for the stock from $65.00 to $85.00 in a research report on Wednesday, August 28th. One investment analyst has rated the stock with a hold rating and three have assigned a buy rating to the company. According to data from MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus price target of $94.75.

About Concentrix

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.