ExlService Holdings, Inc. (EXLS) Forecasted to Post Q1 2019 Earnings of $0.58 Per Share
ExlService Holdings, Inc. (NASDAQ:EXLS) – Wedbush issued their Q1 2019 earnings per share estimates for shares of ExlService Holdings in a note issued to investors on Tuesday. Wedbush analyst M. Katri forecasts that the business services provider will earn $0.58 per share for the quarter. Wedbush has a “Neutral” rating and a $63.00 price target on the stock. Wedbush also issued estimates for ExlService Holdings’ Q2 2019 earnings at $0.61 EPS, Q3 2019 earnings at $0.66 EPS and FY2019 earnings at $2.45 EPS.
EXLS has been the subject of a number of other research reports. SunTrust Banks, Inc. reaffirmed a “hold” rating and set a $60.00 price objective on shares of ExlService Holdings in a research report on Monday, October 9th. Zacks Investment Research lowered shares of ExlService Holdings from a “buy” rating to a “hold” rating in a research report on Wednesday, September 27th. Stifel Nicolaus reissued a “buy” rating and issued a $67.00 target price (up previously from $60.00) on shares of ExlService Holdings in a research note on Sunday, July 30th. Barrington Research set a $65.00 target price on shares of ExlService Holdings and gave the company an “outperform” rating in a research note on Friday, July 28th. Finally, Cowen and Company reissued a “buy” rating and issued a $54.00 target price on shares of ExlService Holdings in a research note on Thursday, October 12th. One analyst has rated the stock with a sell rating, six have given a hold rating and six have issued a buy rating to the stock. The stock has a consensus rating of “Hold” and a consensus target price of $60.33.
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ExlService Holdings (EXLS) traded up 0.18% during trading on Wednesday, reaching $60.88. The company had a trading volume of 47,292 shares. ExlService Holdings has a 12-month low of $42.00 and a 12-month high of $60.92. The stock has a market cap of $2.05 billion, a P/E ratio of 30.89 and a beta of 1.27. The firm has a 50-day moving average price of $57.79 and a 200 day moving average price of $53.86.
ExlService Holdings (NASDAQ:EXLS) last posted its quarterly earnings results on Thursday, July 27th. The business services provider reported $0.70 EPS for the quarter, topping the Zacks’ consensus estimate of $0.46 by $0.24. The business had revenue of $189.10 million during the quarter, compared to the consensus estimate of $185.65 million. ExlService Holdings had a return on equity of 14.34% and a net margin of 9.53%. The company’s revenue for the quarter was up 10.9% compared to the same quarter last year. During the same period last year, the firm earned $0.55 earnings per share.
A number of institutional investors have recently modified their holdings of the business. BlackRock Inc. grew its stake in ExlService Holdings by 145,337.4% during 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 last quarter. FMR LLC grew its stake in ExlService Holdings by 16.8% during the second quarter. FMR LLC now owns 3,887,355 shares of the business services provider’s stock worth $216,060,000 after buying an additional 557,892 shares during the last quarter. Vanguard Group Inc. grew its stake in ExlService Holdings by 2.1% during the second quarter. Vanguard Group Inc. now owns 2,949,034 shares of the business services provider’s stock worth $163,908,000 after buying an additional 61,535 shares during the last quarter. Aberdeen Asset Management PLC UK grew its stake in ExlService Holdings by 0.4% during the second quarter. Aberdeen Asset Management PLC UK now owns 1,173,749 shares of the business services provider’s stock worth $65,237,000 after buying an additional 5,158 shares during the last quarter. Finally, Dimensional Fund Advisors LP grew its stake in ExlService Holdings by 1.1% during the second quarter. Dimensional Fund Advisors LP now owns 1,173,323 shares of the business services provider’s stock worth $65,214,000 after buying an additional 13,095 shares during the last quarter. 94.70% of the stock is currently owned by hedge funds and other institutional investors.
In other ExlService Holdings news, EVP Villa Rembert De sold 900 shares of the company’s stock in a transaction dated Tuesday, August 15th. The shares were sold at an average price of $56.01, for a total transaction of $50,409.00. Following the sale, the executive vice president now directly owns 10,697 shares of the company’s stock, valued at $599,138.97. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. Also, CFO Vishal Chhibbar sold 3,000 shares of the company’s stock in a transaction dated Thursday, October 12th. The stock was sold at an average price of $60.30, for a total transaction of $180,900.00. The disclosure for this sale can be found here. In the last three months, insiders sold 345,249 shares of company stock worth $20,005,339. 5.80% of the stock is currently owned by insiders.
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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