Concentrix Corporation (NASDAQ:CNXC) to Issue Quarterly Dividend of $0.36

Concentrix Corporation (NASDAQ:CNXC) announced a quarterly dividend on Tuesday, March 24th. Shareholders of record on Friday, April 24th will be paid a dividend of 0.36 per share on Tuesday, May 5th. This represents a c) dividend on an annualized basis and a yield of 5.4%. The ex-dividend date of this dividend is Friday, April 24th.

Concentrix has a dividend payout ratio of 11.3% indicating that its dividend is sufficiently covered by earnings.

Concentrix Trading Down 19.9%

NASDAQ:CNXC opened at $26.48 on Wednesday. The stock has a market cap of $1.63 billion, a PE ratio of -1.27, a price-to-earnings-growth ratio of 0.35 and a beta of 0.50. Concentrix has a fifty-two week low of $24.27 and a fifty-two week high of $66.00. The company has a debt-to-equity ratio of 1.67, a current ratio of 1.40 and a quick ratio of 1.40. The stock’s 50-day moving average is $35.34 and its two-hundred day moving average is $40.33.

Concentrix (NASDAQ:CNXC) last posted its quarterly earnings results on Tuesday, March 24th. The company reported $2.61 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $2.64 by ($0.03). The company had revenue of $2.50 billion during the quarter, compared to analysts’ expectations of $2.49 billion. Concentrix had a positive return on equity of 16.91% and a negative net margin of 13.02%.Concentrix’s revenue for the quarter was up 5.4% compared to the same quarter last year. During the same period last year, the company earned $2.79 earnings per share. As a group, equities research analysts forecast that Concentrix will post 10.11 earnings per share for the current fiscal year.

Concentrix News Summary

Here are the key news stories impacting Concentrix this week:

• Positive Sentiment: Revenue growth and strategic traction: Revenue rose 5.4% y/y to $2.50B and management highlighted strong enterprise wins and AI adoption (iX Suite momentum) that support the company’s long‑term positioning. GlobeNewswire Q1 Release
• Positive Sentiment: Capital returns: Board declared a $0.36 quarterly dividend (payable May 5) and repurchased ~1M shares in the quarter, signaling shareholder return priorities and use of buyback authorization. Dividend & Buyback Details
• Neutral Sentiment: Guidance maintained: Management reiterated full‑year revenue and non‑GAAP EPS ranges (FY revenue $10.035–10.18B; non‑GAAP EPS $11.48–12.07), which cushions downside but relies on non‑GAAP adjustments. Guidance Section
• Neutral Sentiment: Liquidity / financing update: The company amended its accounts receivable securitization facility (helps working capital flexibility) — note this against recent negative operating cash flow. TipRanks Facility Update
• Negative Sentiment: Big GAAP profit collapse and EPS miss: GAAP net income fell ~69% y/y to $21.6M and diluted EPS dropped to $0.33 (missed consensus by $0.03 on the company’s non‑GAAP EPS of $2.61 vs $2.64 expected). The sharp drop in GAAP results and large gap between GAAP and non‑GAAP numbers is spooking investors. Zacks Earnings Coverage
• Negative Sentiment: Margin and cash flow pressure: Operating margin slid ~240 bps (to 4.7% GAAP); adjusted free cash flow was negative (~$145M outflow) and interest/finance charges remain elevated — all raise near‑term profitability and leverage concerns. Financial Tables & Cash Flow
• Negative Sentiment: Market reaction amplified by optics: Headlines and call transcripts emphasize the steep y/y EPS decline and restructuring/debt-related charges (including debt extinguishment costs), prompting selling despite revenue growth and maintained guidance. Earnings Call Transcript

Concentrix Company Profile

Concentrix Inc (NASDAQ: CNXC) is a global business services company specializing in customer engagement solutions and technology‐driven business process outsourcing. The firm’s offerings encompass customer care delivered across voice and digital channels, back‐office processing, analytics and consulting, and automated workflow management. By integrating proprietary platforms, strategic partnerships and advanced automation, Concentrix helps clients enhance customer experiences and streamline operations.

Its capabilities extend to digital marketing and technology implementation, leveraging artificial intelligence, machine learning and data analytics to optimize customer journeys.