ExlService (EXLS) Scheduled to Post Quarterly Earnings on Tuesday

ExlService (NASDAQ:EXLS) is scheduled to be releasing its earnings data after the market closes on Tuesday, October 29th. Analysts expect ExlService to post earnings of $0.41 per share for the quarter. ExlService has set its FY24 guidance at $1.59-1.62 EPS and its FY 2024 guidance at 1.590-1.620 EPS.Parties interested in listening to the company’s conference call can do so using this link.

ExlService (NASDAQ:EXLS) last released its quarterly earnings data on Thursday, August 1st. The business services provider reported $0.40 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.39 by $0.01. The business had revenue of $448.40 million for the quarter, compared to analysts’ expectations of $444.61 million. ExlService had a return on equity of 22.92% and a net margin of 10.45%. The firm’s quarterly revenue was up 10.7% on a year-over-year basis. During the same period in the prior year, the firm posted $0.31 EPS. On average, analysts expect ExlService to post $1 EPS for the current fiscal year and $2 EPS for the next fiscal year.

ExlService Stock Down 1.2 %

ExlService stock opened at $38.60 on Friday. ExlService has a 12 month low of $25.34 and a 12 month high of $40.77. The stock has a fifty day simple moving average of $37.45 and a two-hundred day simple moving average of $33.47. The company has a current ratio of 2.45, a quick ratio of 2.45 and a debt-to-equity ratio of 0.30. The firm has a market cap of $6.23 billion, a price-to-earnings ratio of 36.08, a PEG ratio of 2.07 and a beta of 1.00.

Insider Buying and Selling at ExlService

In other news, EVP Ajay Ayyappan sold 21,000 shares of the business’s stock in a transaction on Wednesday, August 7th. The shares were sold at an average price of $34.38, for a total transaction of $721,980.00. Following the completion of the sale, the executive vice president now owns 29,909 shares of the company’s stock, valued at $1,028,271.42. The trade was a 0.00 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available at this link. In related news, CEO Rohit Kapoor sold 35,000 shares of the stock in a transaction that occurred on Thursday, August 29th. The shares were sold at an average price of $36.18, for a total value of $1,266,300.00. Following the completion of the sale, the chief executive officer now directly owns 1,424,588 shares of the company’s stock, valued at approximately $51,541,593.84. This represents a 0.00 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, EVP Ajay Ayyappan sold 21,000 shares of ExlService stock in a transaction that occurred on Wednesday, August 7th. The shares were sold at an average price of $34.38, for a total transaction of $721,980.00. Following the transaction, the executive vice president now directly owns 29,909 shares in the company, valued at $1,028,271.42. This represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 134,875 shares of company stock valued at $4,716,859. Insiders own 4.16% of the company’s stock.

Wall Street Analysts Forecast Growth

Several research firms recently commented on EXLS. Citigroup lifted their price objective on ExlService from $38.00 to $46.00 and gave the stock a “buy” rating in a report on Monday, October 14th. JPMorgan Chase & Co. boosted their price objective on shares of ExlService from $38.00 to $41.00 and gave the company an “overweight” rating in a report on Friday, September 6th. Needham & Company LLC restated a “buy” rating and issued a $40.00 target price on shares of ExlService in a report on Friday, August 2nd. Robert W. Baird boosted their target price on shares of ExlService from $35.00 to $40.00 and gave the company a “neutral” rating in a research note on Thursday, October 10th. Finally, Jefferies Financial Group raised ExlService from a “hold” rating to a “buy” rating and increased their price target for the company from $35.00 to $42.00 in a report on Monday, September 9th. Two research analysts have rated the stock with a hold rating and six have assigned a buy rating to the company. According to data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average target price of $40.86.

ExlService Company Profile

ExlService Holdings, Inc operates as a data analytics, and digital operations and solutions company in the United States and internationally. The company operates through Insurance, Healthcare, Analytics, and Emerging Business segments. It also provides digital operations and solutions and analytics-driven services, such as claims processing, premium and benefit administration, agency management, account reconciliation, policy research, underwriting support, new business acquisition, policy servicing, premium audit, surveys, billing and collection, commercial and residential survey, and customer service using digital technology, artificial intelligence, machine learning, and advanced automation; digital customer acquisition services using a software-as-a-service delivery model through LifePRO and LISS platforms; subrogation services; and Subrosource software platform, an end-to-end subrogation platform.