IBEX (NASDAQ:IBEX) Issues Quarterly Earnings Results, Beats Expectations By $0.01 EPS

IBEX (NASDAQ:IBEX) issued its quarterly earnings data on Thursday. The company reported $0.85 EPS for the quarter, topping analysts’ consensus estimates of $0.84 by $0.01, FiscalAI reports. The firm had revenue of $164.27 million for the quarter, compared to analyst estimates of $160.02 million. IBEX had a net margin of 7.53% and a return on equity of 31.50%.

IBEX Stock Performance

Shares of IBEX stock traded up $0.22 during mid-day trading on Thursday, reaching $37.26. 182,012 shares of the company were exchanged, compared to its average volume of 121,142. The business’s 50 day simple moving average is $35.70 and its 200 day simple moving average is $31.66. The company has a market capitalization of $498.91 million, a P/E ratio of 11.64 and a beta of 0.72. IBEX has a fifty-two week low of $25.94 and a fifty-two week high of $42.99.

Institutional Inflows and Outflows

A number of large investors have recently added to or reduced their stakes in IBEX. Advisory Services Network LLC bought a new position in shares of IBEX during the third quarter worth about $46,000. Amundi bought a new stake in shares of IBEX in the 1st quarter valued at approximately $74,000. Empowered Funds LLC acquired a new stake in shares of IBEX during the 4th quarter valued at approximately $84,000. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. raised its position in shares of IBEX by 8.6% during the 2nd quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 5,466 shares of the company’s stock valued at $159,000 after acquiring an additional 434 shares in the last quarter. Finally, Quantbot Technologies LP lifted its stake in IBEX by 18,435.1% during the second quarter. Quantbot Technologies LP now owns 6,858 shares of the company’s stock worth $200,000 after purchasing an additional 6,821 shares during the last quarter. 81.24% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

Separately, Weiss Ratings restated a “hold (c+)” rating on shares of IBEX in a research note on Friday, July 31st. Two investment analysts have rated the stock with a Hold rating, Based on data from MarketBeat, the stock has a consensus rating of “Hold” and an average target price of $40.00.

About IBEX

IBEX Holdings, Inc is a global business process outsourcing (BPO) company that specializes in customer experience solutions for a range of industries, including telecommunications, cable, technology, financial services and e-commerce. The company’s core offerings encompass multichannel customer support delivered via voice, email, chat, social media and digital self-service platforms. In addition to front-line contact center services, IBEX provides back-office processing, order management, technical troubleshooting and analytics-driven insights to help clients optimize operational efficiency and customer satisfaction.

Beyond traditional contact center operations, IBEX has built a proprietary technology stack designed to integrate real-time data analytics, workforce management and quality assurance.