Wall Street brokerages expect ExlService Holdings, Inc. (NASDAQ:EXLS) to report $234.08 million in sales for the current quarter, according to Zacks. Eight analysts have issued estimates for ExlService’s earnings. The lowest sales estimate is $232.81 million and the highest is $235.44 million. ExlService posted sales of $197.88 million in the same quarter last year, which suggests a positive year over year growth rate of 18.3%. The firm is scheduled to announce its next quarterly earnings results on Tuesday, February 26th.
On average, analysts expect that ExlService will report full year sales of $882.29 million for the current financial year, with estimates ranging from $881.02 million to $883.65 million. For the next year, analysts forecast that the firm will post sales of $999.35 million, with estimates ranging from $995.00 million to $1.00 billion. Zacks’ sales averages are an average based on a survey of sell-side research firms that that provide coverage for ExlService.
ExlService (NASDAQ:EXLS) last announced its quarterly earnings results on Thursday, November 1st. The business services provider reported $0.71 EPS for the quarter, hitting the Thomson Reuters’ consensus estimate of $0.71. ExlService had a net margin of 5.14% and a return on equity of 13.96%. The firm had revenue of $231.12 million for the quarter, compared to analyst estimates of $231.49 million. During the same period last year, the business earned $0.69 EPS. ExlService’s revenue for the quarter was up 20.2% compared to the same quarter last year.
Several equities research analysts recently commented on the stock. ValuEngine lowered shares of ExlService from a “buy” rating to a “hold” rating in a research note on Friday, January 4th. Zacks Investment Research upgraded shares of ExlService from a “sell” rating to a “hold” rating in a research note on Monday, October 15th. BidaskClub lowered shares of ExlService from a “buy” rating to a “hold” rating in a research note on Saturday, October 13th. Barrington Research set a $70.00 price target on shares of ExlService and gave the stock a “buy” rating in a research note on Friday, November 2nd. Finally, Wedbush reiterated a “neutral” rating on shares of ExlService in a research note on Wednesday, November 28th. One analyst has rated the stock with a sell rating, four have given a hold rating and five have issued a buy rating to the company. ExlService presently has a consensus rating of “Hold” and an average price target of $65.20.
NASDAQ:EXLS traded down $0.10 during midday trading on Friday, hitting $53.77. 1,582 shares of the company were exchanged, compared to its average volume of 99,425. ExlService has a fifty-two week low of $44.29 and a fifty-two week high of $67.06. The company has a debt-to-equity ratio of 0.50, a current ratio of 3.28 and a quick ratio of 3.28. The firm has a market capitalization of $1.83 billion, a P/E ratio of 21.11, a P/E/G ratio of 1.70 and a beta of 1.23.
In other ExlService news, Director Clyde W. Ostler sold 3,231 shares of ExlService stock in a transaction on Monday, December 3rd. The shares were sold at an average price of $58.10, for a total value of $187,721.10. Following the transaction, the director now directly owns 12,461 shares in the company, valued at $723,984.10. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Also, EVP Nalin Kumar Miglani sold 3,742 shares of ExlService stock in a transaction dated Thursday, December 6th. The shares were sold at an average price of $54.16, for a total transaction of $202,666.72. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 15,853 shares of company stock worth $876,632. 4.40% of the stock is currently owned by company insiders.
Several large investors have recently modified their holdings of the company. BlackRock Inc. boosted its holdings in shares of ExlService by 3.8% in the third quarter. BlackRock Inc. now owns 4,891,475 shares of the business services provider’s stock valued at $323,815,000 after acquiring an additional 179,593 shares in the last quarter. Vanguard Group Inc. boosted its holdings in shares of ExlService by 2.7% in the third quarter. Vanguard Group Inc. now owns 3,381,703 shares of the business services provider’s stock valued at $223,869,000 after acquiring an additional 87,854 shares in the last quarter. Vanguard Group Inc boosted its holdings in ExlService by 2.7% during the third quarter. Vanguard Group Inc now owns 3,381,703 shares of the business services provider’s stock worth $223,869,000 after buying an additional 87,854 shares in the last quarter. FMR LLC boosted its holdings in ExlService by 1.0% during the third quarter. FMR LLC now owns 3,191,711 shares of the business services provider’s stock worth $211,291,000 after buying an additional 31,019 shares in the last quarter. Finally, Mackenzie Financial Corp boosted its holdings in ExlService by 5.5% during the third quarter. Mackenzie Financial Corp now owns 1,435,805 shares of the business services provider’s stock worth $95,050,000 after buying an additional 74,870 shares in the last quarter. 93.16% of the stock is currently owned by institutional investors and hedge funds.
ExlService Company Profile
ExlService Holdings, Inc provides operations management and analytics services in the United States, the United Kingdom, and internationally. The company offers business process management (BPM) services to the insurance industry in the areas of claims processing, subrogation, premium and benefit administration, agency management, account reconciliation, policy research, underwriting support, new business processing, policy servicing, premium audit, surveys, billing and collection, commercial and residential survey, and customer services.
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