Concentrix (NASDAQ:CNXC) Updates FY 2025 Earnings Guidance

Concentrix (NASDAQ:CNXC) updated its FY 2025 earnings guidance on Wednesday. The company provided earnings per share (EPS) guidance of 11.180-11.770 for the period, compared to the consensus estimate of 11.340. The company issued revenue guidance of $9.5 billion-$9.6 billion, compared to the consensus revenue estimate of $9.5 billion. Concentrix also updated its FY25 guidance to $11.18-11.77 EPS.

Analysts Set New Price Targets

A number of equities research analysts have recently commented on CNXC shares. Canaccord Genuity Group dropped their price objective on shares of Concentrix from $100.00 to $80.00 and set a “buy” rating on the stock in a research note on Thursday, January 16th. Barrington Research cut their price objective on shares of Concentrix from $70.00 to $54.00 and set an “outperform” rating for the company in a report on Monday. One investment analyst has rated the stock with a hold rating, four have given a buy rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat.com, the stock has an average rating of “Buy” and an average price target of $71.80.

Concentrix Stock Performance

NASDAQ:CNXC opened at $45.68 on Thursday. The stock has a market capitalization of $2.94 billion, a PE ratio of 12.31, a P/E/G ratio of 0.63 and a beta of 0.69. Concentrix has a fifty-two week low of $36.28 and a fifty-two week high of $77.00. The company has a fifty day moving average of $47.58 and a two-hundred day moving average of $47.73. The company has a debt-to-equity ratio of 1.17, a quick ratio of 1.42 and a current ratio of 1.42.

Concentrix (NASDAQ:CNXC) last posted its quarterly earnings results on Wednesday, March 26th. The company reported $2.79 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $2.58 by $0.21. The business had revenue of $2.37 billion during the quarter, compared to analyst estimates of $2.37 billion. Concentrix had a return on equity of 16.67% and a net margin of 2.61%. The business’s revenue was down 1.3% compared to the same quarter last year. During the same period in the prior year, the business earned $2.57 earnings per share. As a group, research analysts forecast that Concentrix will post 10.11 earnings per share for the current fiscal year.

Concentrix Cuts Dividend

The company also recently declared a quarterly dividend, which was paid on Tuesday, February 11th. Stockholders of record on Friday, January 31st were given a dividend of $0.3328 per share. This represents a $1.33 annualized dividend and a dividend yield of 2.91%. The ex-dividend date was Friday, January 31st. Concentrix’s payout ratio is presently 35.85%.

Insider Transactions at Concentrix

In other Concentrix news, Director Kathryn Hayley bought 500 shares of the business’s stock in a transaction dated Wednesday, January 22nd. The shares were acquired at an average price of $50.22 per share, with a total value of $25,110.00. Following the transaction, the director now owns 3,034 shares of the company’s stock, valued at approximately $152,367.48. The trade was a 19.73 % increase in their ownership of the stock. The acquisition was disclosed in a filing with the SEC, which can be accessed through the SEC website. Company insiders own 3.20% of the company’s stock.

Concentrix Company Profile

Concentrix Corporation engages in the provision of technology-infused customer experience (CX) solutions worldwide. The company provides CX process optimization, technology innovation, front- and back-office automation, analytics, and business transformation services, across various channels of communication, such as voice, chat, email, social media, asynchronous messaging, and custom applications.