Analysts Anticipate ExlService Holdings, Inc. (EXLS) Will Post Quarterly Sales of $191.38 Million
Wall Street analysts expect ExlService Holdings, Inc. (NASDAQ:EXLS) to post $191.38 million in sales for the current fiscal quarter, Zacks Investment Research reports. Eight analysts have provided estimates for ExlService Holdings’ earnings. The highest sales estimate is $193.22 million and the lowest is $190.03 million. ExlService Holdings posted sales of $171.20 million during the same quarter last year, which suggests a positive year over year growth rate of 11.8%. The company is expected to announce its next quarterly earnings results on Thursday, October 26th.
According to Zacks, analysts expect that ExlService Holdings will report full year sales of $191.38 million for the current financial year, with estimates ranging from $755.00 million to $759.57 million. For the next financial year, analysts forecast that the firm will report sales of $828.48 million per share, with estimates ranging from $820.00 million to $838.31 million. Zacks’ sales calculations are an average based on a survey of sell-side analysts that follow ExlService Holdings.
ExlService Holdings (NASDAQ:EXLS) last issued its earnings results on Thursday, July 27th. The business services provider reported $0.70 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $0.46 by $0.24. The business had revenue of $189.10 million for the quarter, compared to analysts’ expectations of $185.65 million. ExlService Holdings had a return on equity of 14.34% and a net margin of 9.53%. The business’s revenue for the quarter was up 10.9% compared to the same quarter last year. During the same period in the previous year, the firm posted $0.55 EPS.
Several analysts have commented on EXLS shares. Needham & Company LLC lifted their target price on shares of ExlService Holdings from $56.00 to $59.00 and gave the stock a “buy” rating in a research note on Wednesday, June 21st. Cantor Fitzgerald reaffirmed a “buy” rating and issued a $59.00 target price on shares of ExlService Holdings in a research note on Tuesday, June 20th. BidaskClub cut shares of ExlService Holdings from a “strong-buy” rating to a “buy” rating in a research note on Thursday, July 6th. Cowen and Company reaffirmed a “buy” rating and issued a $54.00 target price on shares of ExlService Holdings in a research note on Friday, July 28th. Finally, Stifel Nicolaus reaffirmed a “buy” rating and issued a $67.00 target price (up from $60.00) on shares of ExlService Holdings in a research note on Sunday, July 30th. One investment analyst has rated the stock with a sell rating, four have assigned a hold rating, five have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. The company has an average rating of “Buy” and a consensus target price of $59.80.
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ExlService Holdings (EXLS) opened at 55.95 on Friday. The firm has a market capitalization of $1.89 billion, a PE ratio of 28.39 and a beta of 1.30. ExlService Holdings has a one year low of $42.00 and a one year high of $59.84. The stock’s 50 day moving average price is $55.83 and its 200 day moving average price is $50.10.
In other ExlService Holdings news, CEO Rohit Kapoor sold 43,337 shares of ExlService Holdings stock in a transaction on Friday, June 23rd. The shares were sold at an average price of $55.03, for a total value of $2,384,835.11. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. Also, COO Pavan Bagai sold 6,000 shares of ExlService Holdings stock in a transaction on Tuesday, May 23rd. The shares were sold at an average price of $51.45, for a total transaction of $308,700.00. Following the completion of the transaction, the chief operating officer now owns 67,581 shares in the company, valued at approximately $3,477,042.45. The disclosure for this sale can be found here. In the last quarter, insiders sold 81,242 shares of company stock worth $4,403,811. 5.80% of the stock is owned by company insiders.
Institutional investors have recently made changes to their positions in the stock. Huntington National Bank raised its position in shares of ExlService Holdings by 82.8% in the second quarter. Huntington National Bank now owns 2,007 shares of the business services provider’s stock worth $112,000 after buying an additional 909 shares during the period. Riverhead Capital Management LLC raised its position in shares of ExlService Holdings by 61.7% in the second quarter. Riverhead Capital Management LLC now owns 2,264 shares of the business services provider’s stock worth $126,000 after buying an additional 864 shares during the period. Ameritas Investment Partners Inc. bought a new position in shares of ExlService Holdings during the first quarter worth $133,000. State of Alaska Department of Revenue raised its position in shares of ExlService Holdings by 1.9% in the first quarter. State of Alaska Department of Revenue now owns 3,700 shares of the business services provider’s stock worth $175,000 after buying an additional 70 shares during the period. Finally, Personal Capital Advisors Corp bought a new position in shares of ExlService Holdings during the second quarter worth $212,000. Institutional investors own 94.42% of the company’s stock.
ExlService Holdings Company Profile
ExlService Holdings, Inc is an operations management and analytics company. The Company segments include Insurance; Healthcare; Travel, Transportation and Logistics; Finance and Accounting (F&A); Analytics, and All Other. The Insurance operating segment serves property and casualty insurance, life insurance, disability insurance, annuity and retirement services companies.
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