Brokerages Expect ExlService Holdings, Inc. (NASDAQ:EXLS) Will Announce Quarterly Sales of $277.24 Million

Equities research analysts expect that ExlService Holdings, Inc. (NASDAQ:EXLS) will announce sales of $277.24 million for the current quarter, according to Zacks Investment Research. Five analysts have made estimates for ExlService’s earnings. The lowest sales estimate is $275.97 million and the highest is $281.70 million. ExlService reported sales of $241.02 million during the same quarter last year, which indicates a positive year over year growth rate of 15%. The company is scheduled to report its next earnings report before the market opens on Tuesday, November 2nd.

On average, analysts expect that ExlService will report full-year sales of $1.09 billion for the current year, with estimates ranging from $1.09 billion to $1.10 billion. For the next year, analysts forecast that the firm will report sales of $1.21 billion, with estimates ranging from $1.19 billion to $1.22 billion. Zacks’ sales calculations are a mean average based on a survey of analysts that cover ExlService.

ExlService (NASDAQ:EXLS) last announced its earnings results on Thursday, July 29th. The business services provider reported $1.14 earnings per share for the quarter, beating the consensus estimate of $0.85 by $0.29. ExlService had a return on equity of 17.92% and a net margin of 11.55%. The company had revenue of $275.06 million for the quarter, compared to the consensus estimate of $260.67 million.

EXLS has been the topic of several analyst reports. Wedbush reiterated a “neutral” rating on shares of ExlService in a research note on Thursday, July 29th. JPMorgan Chase & Co. lifted their price target on ExlService from $116.00 to $134.00 and gave the company a “neutral” rating in a research note on Tuesday, August 17th. Finally, Zacks Investment Research downgraded ExlService from a “buy” rating to a “hold” rating in a research note on Monday, October 4th. Six equities research analysts have rated the stock with a hold rating and one has assigned a buy rating to the company. Based on data from MarketBeat.com, the stock presently has an average rating of “Hold” and a consensus price target of $116.50.

In other news, Director Garen K. Staglin bought 2,500 shares of the firm’s stock in a transaction on Thursday, July 15th. The shares were bought at an average cost of $108.79 per share, for a total transaction of $271,975.00. Following the completion of the transaction, the director now owns 31,399 shares in the company, valued at $3,415,897.21. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, EVP Vikas Bhalla sold 2,661 shares of the business’s stock in a transaction on Friday, October 1st. The stock was sold at an average price of $123.11, for a total value of $327,595.71. The disclosure for this sale can be found here. 2.81% of the stock is owned by insiders.

Hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Cullen Frost Bankers Inc. acquired a new position in shares of ExlService in the second quarter worth $36,000. Harel Insurance Investments & Financial Services Ltd. acquired a new position in shares of ExlService in the second quarter worth $90,000. Heritage Wealth Management LLC raised its holdings in shares of ExlService by 56.3% in the second quarter. Heritage Wealth Management LLC now owns 1,052 shares of the business services provider’s stock worth $112,000 after acquiring an additional 379 shares during the last quarter. Liberty Wealth Management LLC raised its holdings in shares of ExlService by 10,525.9% in the second quarter. Liberty Wealth Management LLC now owns 15,620 shares of the business services provider’s stock worth $147,000 after acquiring an additional 15,473 shares during the last quarter. Finally, Quantbot Technologies LP raised its holdings in shares of ExlService by 2,321.4% in the first quarter. Quantbot Technologies LP now owns 1,695 shares of the business services provider’s stock worth $152,000 after acquiring an additional 1,625 shares during the last quarter. 95.97% of the stock is owned by institutional investors.

Shares of EXLS stock traded down $1.45 during midday trading on Wednesday, hitting $123.41. The company had a trading volume of 127,904 shares, compared to its average volume of 155,286. The company’s 50 day simple moving average is $122.10 and its 200 day simple moving average is $108.67. ExlService has a 52-week low of $67.76 and a 52-week high of $128.27. The stock has a market cap of $4.09 billion, a price-to-earnings ratio of 35.88, a PEG ratio of 2.58 and a beta of 0.97. The company has a debt-to-equity ratio of 0.19, a current ratio of 2.61 and a quick ratio of 2.61.

ExlService Company Profile

ExlService Holdings, Inc is an operations management and analytics company, which engages in providing business process management. It operates through the following segments: Insurance, Healthcare, Travel, Transportation, and Logistics, Finance and Accounting, Analytic, and All Other. The Insurance segment serves property and casualty insurance, life insurance, disability insurance, annuity, and retirement services companies.

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