IBEX (NASDAQ:IBEX) Releases Earnings Results, Beats Estimates By $0.15 EPS

IBEX (NASDAQ:IBEX) announced its quarterly earnings results on Monday. The company reported $0.31 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.16 by $0.15, MarketWatch Earnings reports. IBEX had a positive return on equity of 33.09% and a negative net margin of 1.14%. During the same quarter in the prior year, the business posted $0.14 earnings per share.

Shares of IBEX stock opened at $17.85 on Wednesday. The company has a debt-to-equity ratio of 0.05, a quick ratio of 1.40 and a current ratio of 1.40. IBEX has a fifty-two week low of $9.27 and a fifty-two week high of $25.50. The stock has a 50 day simple moving average of $19.73 and a two-hundred day simple moving average of $20.86. The company has a market cap of $328.23 million and a P/E ratio of -46.97.

A hedge fund recently raised its stake in IBEX stock. Morgan Stanley increased its position in shares of IBEX Limited (NASDAQ:IBEX) by 288.3% during the 1st quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 28,863 shares of the company’s stock after purchasing an additional 21,430 shares during the quarter. Morgan Stanley owned approximately 0.16% of IBEX worth $635,000 as of its most recent SEC filing. 24.26% of the stock is currently owned by institutional investors and hedge funds.

A number of research firms have recently weighed in on IBEX. Zacks Investment Research downgraded IBEX from a “buy” rating to a “hold” rating in a research report on Wednesday, July 21st. Robert W. Baird reiterated a “buy” rating and set a $28.00 price target on shares of IBEX in a report on Monday, September 6th. Finally, Piper Sandler reduced their target price on shares of IBEX from $25.00 to $22.00 and set an “overweight” rating on the stock in a report on Wednesday. One research analyst has rated the stock with a hold rating and four have assigned a buy rating to the stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Buy” and a consensus target price of $21.83.

About IBEX

IBEX Limited provides end-to-end technology-enabled customer lifecycle experience solutions in the United States and internationally. The company provides ibex Connect, a customer engagement solution comprises customer service, technical support, and other value-added outsourced back office services through voice, email, chat, SMS, social media and other communication applications; ibex Digital, a customer acquisition solution that offers search, social, and display advertising capabilities; and ibex CX, a customer experience solution, which provides a comprehensive suite of proprietary software tools to measure, monitor and manage its clients' customer experience.

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Earnings History for IBEX (NASDAQ:IBEX)

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