Analysts Anticipate ExlService Holdings, Inc. (EXLS) Will Post Earnings of $0.71 Per Share

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Wall Street brokerages expect that ExlService Holdings, Inc. (NASDAQ:EXLS) will report earnings per share of $0.71 for the current fiscal quarter, according to Zacks. Eight analysts have issued estimates for ExlService’s earnings, with the lowest EPS estimate coming in at $0.70 and the highest estimate coming in at $0.73. ExlService posted earnings per share of $0.68 in the same quarter last year, which suggests a positive year over year growth rate of 4.4%. The firm is scheduled to report its next quarterly earnings report before the market opens on Thursday, November 1st.

According to Zacks, 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 $2.79. For the next year, analysts expect that the business will report earnings of $3.07 per share, with EPS estimates ranging from $2.95 to $3.15. Zacks’ earnings per share calculations are a mean average based on a survey of research analysts that follow ExlService.

ExlService (NASDAQ:EXLS) last issued its earnings results on Thursday, August 2nd. The business services provider reported $0.67 EPS for the quarter, topping the consensus estimate of $0.53 by $0.14. The company had revenue of $210.11 million for the quarter, compared to analyst estimates of $209.30 million. ExlService had a net margin of 6.11% and a return on equity of 14.25%. The business’s revenue was up 11.1% on a year-over-year basis. During the same period in the previous year, the firm earned $0.70 EPS.

Several research firms recently commented on EXLS. ValuEngine lowered shares of ExlService from a “buy” rating to a “hold” rating in a research report on Thursday, August 2nd. Zacks Investment Research upgraded shares of ExlService from a “sell” rating to a “buy” rating and set a $65.00 price objective on the stock in a research report on Tuesday, July 3rd. BidaskClub lowered shares of ExlService from a “buy” rating to a “hold” rating in a research report on Saturday. Cantor Fitzgerald reiterated a “buy” rating and issued a $71.00 price objective on shares of ExlService in a research report on Thursday, August 2nd. Finally, Barrington Research set a $70.00 price objective on shares of ExlService and gave the stock a “buy” rating in a research report on Friday, July 13th. Four investment analysts have rated the stock with a hold rating and eight have given a buy rating to the company. The stock currently has an average rating of “Buy” and an average target price of $65.25.

Shares of NASDAQ EXLS traded down $0.94 during trading on Monday, hitting $59.80. 206,042 shares of the company were exchanged, compared to its average volume of 132,309. The firm has a market capitalization of $2.27 billion, a P/E ratio of 23.73, a PEG ratio of 2.29 and a beta of 1.28. ExlService has a 1 year low of $52.52 and a 1 year high of $67.06. The company has a debt-to-equity ratio of 0.10, a quick ratio of 3.57 and a current ratio of 3.57.

In other news, CEO Rohit Kapoor sold 6,400 shares of the company’s stock in a transaction dated Friday, September 21st. The shares were sold at an average price of $66.58, for a total transaction of $426,112.00. Following the completion of the transaction, the chief executive officer now owns 232,077 shares of the company’s stock, valued at approximately $15,451,686.66. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink. Also, Director Garen K. Staglin sold 5,631 shares of the company’s stock in a transaction dated Wednesday, October 10th. The shares were sold at an average price of $63.50, for a total transaction of $357,568.50. Following the transaction, the director now directly owns 24,477 shares of the company’s stock, valued at approximately $1,554,289.50. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 110,790 shares of company stock worth $7,137,226. 4.40% of the stock is owned by insiders.

A number of institutional investors and hedge funds have recently bought and sold shares of EXLS. BlackRock Inc. grew its position in ExlService by 9.6% in the second quarter. BlackRock Inc. now owns 4,711,882 shares of the business services provider’s stock valued at $266,739,000 after acquiring an additional 411,745 shares in the last quarter. Bernzott Capital Advisors purchased a new position in shares of ExlService during the 2nd quarter valued at approximately $22,316,000. BTIM Corp. purchased a new position in shares of ExlService during the 2nd quarter valued at approximately $12,675,000. Fenimore Asset Management Inc. purchased a new position in shares of ExlService during the 2nd quarter valued at approximately $10,477,000. Finally, Summit Creek Advisors LLC purchased a new position in shares of ExlService during the 3rd quarter valued at approximately $6,378,000. 91.44% of the stock is owned by hedge funds and other institutional investors.

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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