WNS (Holdings) Limited (NYSE:WNS) Expected to Announce Quarterly Sales of $216.67 Million

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Equities research analysts expect WNS (Holdings) Limited (NYSE:WNS) to announce sales of $216.67 million for the current fiscal quarter, Zacks reports. Seven analysts have provided estimates for WNS’s earnings, with estimates ranging from $214.75 million to $220.60 million. WNS reported sales of $195.50 million during the same quarter last year, which indicates a positive year over year growth rate of 10.8%. The firm is expected to report its next quarterly earnings results on Thursday, October 24th.

According to Zacks, analysts expect that WNS will report full-year sales of $882.96 million for the current financial year, with estimates ranging from $874.01 million to $892.34 million. For the next year, analysts expect that the business will post sales of $969.81 million, with estimates ranging from $958.30 million to $983.15 million. Zacks’ sales calculations are a mean average based on a survey of research analysts that follow WNS.

WNS (NYSE:WNS) last announced its quarterly earnings data on Thursday, July 18th. The business services provider reported $0.72 EPS for the quarter, beating the Zacks’ consensus estimate of $0.48 by $0.24. The business had revenue of $214.60 million during the quarter, compared to analyst estimates of $207.51 million. WNS had a net margin of 13.44% and a return on equity of 23.92%. The firm’s revenue for the quarter was up 7.4% on a year-over-year basis. During the same quarter in the prior year, the business earned $0.59 earnings per share.

A number of equities analysts have recently issued reports on the stock. Berenberg Bank assumed coverage on shares of WNS in a research report on Friday, September 13th. They set a “buy” rating and a $72.00 target price on the stock. Wedbush restated an “outperform” rating on shares of WNS in a report on Tuesday, July 16th. Cantor Fitzgerald increased their target price on shares of WNS from $63.00 to $68.00 and gave the stock an “overweight” rating in a report on Friday, July 19th. Barrington Research increased their price objective on shares of WNS from $68.00 to $72.00 and gave the stock an “outperform” rating in a research report on Friday, July 19th. Finally, Zacks Investment Research raised shares of WNS from a “hold” rating to a “buy” rating and set a $67.00 price objective for the company in a research report on Wednesday. Eight investment analysts have rated the stock with a buy rating and one has issued a strong buy rating to the company. The stock currently has a consensus rating of “Buy” and an average price target of $68.00.

A number of institutional investors and hedge funds have recently bought and sold shares of WNS. River & Mercantile Asset Management LLP bought a new stake in shares of WNS in the 2nd quarter worth $403,000. Royal Bank of Canada lifted its holdings in WNS by 110.9% during the second quarter. Royal Bank of Canada now owns 989 shares of the business services provider’s stock valued at $58,000 after purchasing an additional 520 shares during the last quarter. Amundi Pioneer Asset Management Inc. purchased a new stake in WNS during the second quarter valued at about $858,000. Victory Capital Management Inc. lifted its holdings in shares of WNS by 3.8% in the second quarter. Victory Capital Management Inc. now owns 681,146 shares of the business services provider’s stock worth $40,324,000 after buying an additional 25,020 shares in the last quarter. Finally, Citadel Advisors LLC purchased a new stake in shares of WNS in the second quarter worth about $616,000. 94.33% of the stock is currently owned by hedge funds and other institutional investors.

WNS stock traded up $0.87 during trading hours on Thursday, hitting $60.64. 138,039 shares of the stock were exchanged, compared to its average volume of 131,905. The company has a debt-to-equity ratio of 0.06, a quick ratio of 1.77 and a current ratio of 1.77. The stock has a market capitalization of $3.00 billion, a P/E ratio of 26.95, a P/E/G ratio of 2.05 and a beta of 1.10. WNS has a 12 month low of $39.24 and a 12 month high of $65.00. The business’s 50-day moving average is $61.55 and its two-hundred day moving average is $57.87.

WNS Company Profile

WNS (Holdings) Limited, a business process management company, together with its subsidiaries, provides data, voice, analytical, and business transformation services worldwide. It operates through two segments, WNS Global BPM and WNS Auto Claims BPM. The company offers industry-specific services to clients primarily in insurance; travel and leisure; diversified businesses, including manufacturing, retail, consumer packaged goods, media and entertainment, and telecommunication; utilities; consulting and professional services; healthcare; banking and financial services; and shipping and logistics industries.

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