ExlService Holdings (EXLS) Expected to Post Earnings of $0.65 Per Share

Wall Street analysts expect ExlService Holdings (NASDAQ:EXLS) to announce $0.65 earnings per share (EPS) for the current quarter, Zacks Investment Research reports. Eight analysts have made estimates for ExlService’s earnings, with estimates ranging from $0.63 to $0.68. ExlService reported earnings per share of $0.60 in the same quarter last year, which would suggest a positive year-over-year growth rate of 8.3%. The company is scheduled to announce its next quarterly earnings report on Tuesday, May 1st.

On average, analysts expect that ExlService will report full year earnings of $2.76 per share for the current year, with EPS estimates ranging from $2.74 to $2.80. For the next fiscal year, analysts anticipate that the firm will report earnings of $3.05 per share, with EPS estimates ranging from $2.98 to $3.25. Zacks Investment Research’s earnings per share averages are a mean average based on a survey of sell-side analysts that cover ExlService.

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ExlService (NASDAQ:EXLS) last announced its quarterly earnings results on Tuesday, February 27th. The business services provider reported $0.67 earnings per share for the quarter, beating the consensus estimate of $0.65 by $0.02. The firm had revenue of $197.88 million for the quarter, compared to analysts’ expectations of $194.86 million. ExlService had a net margin of 6.41% and a return on equity of 15.09%. The company’s revenue was up 11.6% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.61 EPS.

Several research analysts have recently weighed in on EXLS shares. Zacks Investment Research raised shares of ExlService from a “hold” rating to a “buy” rating and set a $69.00 price target on the stock in a research report on Tuesday, February 27th. Robert W. Baird reaffirmed a “buy” rating and issued a $65.00 target price on shares of ExlService in a research report on Tuesday, February 27th. Cantor Fitzgerald reaffirmed a “buy” rating and issued a $71.00 target price on shares of ExlService in a research report on Monday, February 19th. Finally, ValuEngine raised shares of ExlService from a “hold” rating to a “buy” rating in a research report on Friday, March 2nd. Two analysts have rated the stock with a sell rating, seven have given a hold rating and six have given a buy rating to the company. ExlService presently has an average rating of “Hold” and an average price target of $62.50.

In other ExlService news, EVP Nalin Kumar Miglani sold 1,104 shares of the business’s stock in a transaction dated Monday, February 26th. The shares were sold at an average price of $61.48, for a total transaction of $67,873.92. Following the sale, the executive vice president now directly owns 6,083 shares in the company, valued at $373,982.84. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CFO Vishal Chhibbar sold 3,000 shares of the business’s stock in a transaction dated Friday, March 16th. The stock was sold at an average price of $59.62, for a total transaction of $178,860.00. Following the sale, the chief financial officer now owns 14,361 shares in the company, valued at $856,202.82. The disclosure for this sale can be found here. Insiders have sold 20,014 shares of company stock worth $1,205,033 over the last quarter. Insiders own 5.80% of the company’s stock.

Several hedge funds have recently added to or reduced their stakes in the stock. Xact Kapitalforvaltning AB purchased a new stake in shares of ExlService during the fourth quarter worth approximately $408,000. We Are One Seven LLC purchased a new stake in shares of ExlService during the fourth quarter worth approximately $191,000. MetLife Investment Advisors LLC purchased a new stake in shares of ExlService during the fourth quarter worth approximately $855,000. Millennium Management LLC increased its stake in shares of ExlService by 699.9% during the fourth quarter. Millennium Management LLC now owns 111,121 shares of the business services provider’s stock worth $6,706,000 after buying an additional 97,230 shares during the period. Finally, Teachers Advisors LLC increased its stake in shares of ExlService by 3.3% during the fourth quarter. Teachers Advisors LLC now owns 370,029 shares of the business services provider’s stock worth $22,331,000 after buying an additional 11,819 shares during the period. Hedge funds and other institutional investors own 92.51% of the company’s stock.

Shares of EXLS stock traded down $0.33 on Friday, hitting $56.31. 6,884 shares of the stock traded hands, compared to its average volume of 136,530. The company has a current ratio of 3.14, a quick ratio of 3.14 and a debt-to-equity ratio of 0.08. The stock has a market cap of $1,930.49, a price-to-earnings ratio of 22.58, a PEG ratio of 1.63 and a beta of 1.13. ExlService has a twelve month low of $45.05 and a twelve month high of $64.34.

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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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Earnings History and Estimates for ExlService (NASDAQ:EXLS)

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