Equities research analysts expect ExlService Holdings, Inc. (NASDAQ:EXLS) to announce earnings of $0.52 per share for the current quarter, according to Zacks. Eight analysts have issued estimates for ExlService Holdings’ earnings, with the lowest EPS estimate coming in at $0.49 and the highest estimate coming in at $0.54. ExlService Holdings also posted earnings per share of $0.52 in the same quarter last year. The company is scheduled to report its next earnings report on Thursday, October 26th.
According to Zacks, analysts expect that ExlService Holdings will report full year earnings of $2.10 per share for the current year, with EPS estimates ranging from $2.08 to $2.13. For the next financial year, analysts expect that the company will report earnings of $2.31 per share, with EPS estimates ranging from $2.20 to $2.38. Zacks’ earnings per share calculations are a mean average based on a survey of sell-side analysts that follow ExlService Holdings.
ExlService Holdings (NASDAQ:EXLS) last announced its quarterly earnings results on Thursday, July 27th. The business services provider reported $0.70 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.46 by $0.24. ExlService Holdings had a net margin of 9.53% and a return on equity of 14.34%. The company had revenue of $189.10 million for the quarter, compared to analysts’ expectations of $185.65 million. During the same quarter in the previous year, the company earned $0.55 earnings per share. ExlService Holdings’s quarterly revenue was up 10.9% on a year-over-year basis.
Several research analysts recently commented on EXLS shares. Zacks Investment Research raised shares of ExlService Holdings from a “sell” rating to a “hold” rating in a research note on Wednesday, May 3rd. Cantor Fitzgerald reaffirmed an “overweight” rating and issued a $56.00 price target (up previously from $50.00) on shares of ExlService Holdings in a research note on Wednesday, May 3rd. Needham & Company LLC raised their price target 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. BidaskClub downgraded shares of ExlService Holdings from a “strong-buy” rating to a “buy” rating in a research note on Thursday, July 6th. Finally, Citigroup Inc. downgraded shares of ExlService Holdings from a “buy” rating to a “neutral” rating and raised their target price for the company from $54.00 to $59.00 in a research report on Tuesday, July 18th. One analyst has rated the stock with a sell rating, four have issued a hold rating, five have assigned a buy rating and one has assigned a strong buy rating to the stock. The company presently has a consensus rating of “Buy” and a consensus target price of $59.80.
In other news, CFO Vishal Chhibbar sold 1,234 shares of ExlService Holdings stock in a transaction that occurred on Monday, June 26th. The shares were sold at an average price of $55.80, for a total value of $68,857.20. Following the transaction, the chief financial officer now owns 7,119 shares of the company’s stock, valued at approximately $397,240.20. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, CEO Rohit Kapoor sold 43,337 shares of ExlService Holdings stock in a transaction that occurred on Friday, June 23rd. The stock was sold at an average price of $55.03, for a total transaction of $2,384,835.11. The disclosure for this sale can be found here. Insiders have sold a total of 81,242 shares of company stock worth $4,403,811 in the last three months. Insiders own 5.80% of the company’s stock.
Several hedge funds and other institutional investors have recently modified their holdings of EXLS. BlackRock Inc. boosted its stake in ExlService Holdings by 145,337.4% in the first quarter. BlackRock Inc. now owns 3,986,440 shares of the business services provider’s stock worth $188,797,000 after buying an additional 3,983,699 shares during the period. FMR LLC boosted its stake in shares of ExlService Holdings by 16.8% in the second quarter. FMR LLC now owns 3,887,355 shares of the business services provider’s stock valued at $216,060,000 after buying an additional 557,892 shares during the last quarter. Vanguard Group Inc. boosted its stake in shares of ExlService Holdings by 2.1% in the second quarter. Vanguard Group Inc. now owns 2,949,034 shares of the business services provider’s stock valued at $163,908,000 after buying an additional 61,535 shares during the last quarter. Aberdeen Asset Management PLC UK boosted its stake in shares of ExlService Holdings by 0.4% in the second quarter. Aberdeen Asset Management PLC UK now owns 1,173,749 shares of the business services provider’s stock valued at $65,237,000 after buying an additional 5,158 shares during the last quarter. Finally, Dimensional Fund Advisors LP boosted its stake in shares of ExlService Holdings by 1.1% in the second quarter. Dimensional Fund Advisors LP now owns 1,173,323 shares of the business services provider’s stock valued at $65,214,000 after buying an additional 13,095 shares during the last quarter. 94.42% of the stock is currently owned by hedge funds and other institutional investors.
Shares of ExlService Holdings (EXLS) traded up 0.87% during trading on Friday, hitting $55.95. 162,218 shares of the company traded hands. ExlService Holdings has a 52 week low of $42.00 and a 52 week high of $59.84. The company has a 50 day moving average price of $55.83 and a 200 day moving average price of $50.10. The company has a market capitalization of $1.89 billion, a price-to-earnings ratio of 28.39 and a beta of 1.30.
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About ExlService Holdings
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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