Concentrix (CNXC) to Release Earnings on Wednesday

Concentrix (NASDAQ:CNXC) is scheduled to release its earnings data after the market closes on Wednesday, September 25th. Analysts expect Concentrix to post earnings of $2.66 per share for the quarter. Individual that are interested in participating in the company’s earnings conference call can do so using this link.

Concentrix (NASDAQ:CNXC) last posted its earnings results on Wednesday, June 26th. The company reported $2.69 earnings per share for the quarter, beating analysts’ consensus estimates of $2.63 by $0.06. The business had revenue of $2.38 billion for the quarter, compared to analysts’ expectations of $2.35 billion. Concentrix had a net margin of 3.08% and a return on equity of 17.00%. The firm’s revenue for the quarter was up 47.4% on a year-over-year basis. During the same quarter in the previous year, the firm posted $2.50 earnings per share. On average, analysts expect Concentrix to post $11 EPS for the current fiscal year and $12 EPS for the next fiscal year.

Concentrix Stock Down 2.2 %

Shares of CNXC opened at $64.42 on Wednesday. The company has a quick ratio of 1.56, a current ratio of 1.54 and a debt-to-equity ratio of 1.21. The company has a 50-day moving average price of $68.64 and a two-hundred day moving average price of $63.91. The stock has a market cap of $4.18 billion, a price-to-earnings ratio of 14.91, a P/E/G ratio of 0.70 and a beta of 0.61. Concentrix has a 12 month low of $53.89 and a 12 month high of $106.10.

Concentrix Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Tuesday, August 6th. Investors of record on Friday, July 26th were given a dividend of $0.303 per share. The ex-dividend date of this dividend was Friday, July 26th. This represents a $1.21 annualized dividend and a dividend yield of 1.88%. Concentrix’s dividend payout ratio (DPR) is presently 28.01%.

Wall Street Analysts Forecast Growth

Several research analysts have issued reports on CNXC shares. Bank of America upgraded Concentrix from an “underperform” rating to a “neutral” rating and increased their price objective for the stock from $65.00 to $85.00 in a research note on Wednesday, August 28th. Canaccord Genuity Group reaffirmed a “buy” rating and issued a $125.00 target price on shares of Concentrix in a report on Thursday, June 27th. Finally, Barrington Research reissued an “outperform” rating and set a $84.00 price target on shares of Concentrix in a report on Friday, June 21st. One investment analyst has rated the stock with a hold rating and three have assigned a buy rating to the company. According to MarketBeat.com, Concentrix currently has a consensus rating of “Moderate Buy” and an average price target of $94.75.

Insider Transactions at Concentrix

In other Concentrix news, EVP Cormac J. Twomey sold 400 shares of the company’s stock in a transaction dated Thursday, August 29th. The shares were sold at an average price of $74.63, for a total transaction of $29,852.00. Following the transaction, the executive vice president now directly owns 29,327 shares in the company, valued at approximately $2,188,674.01. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Insiders sold a total of 1,200 shares of company stock worth $82,028 over the last 90 days. 3.00% of the stock is owned by insiders.

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.