ExlService Holdings, Inc. (NASDAQ:EXLS) Expected to Post Quarterly Sales of $252.11 Million

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Brokerages predict that ExlService Holdings, Inc. (NASDAQ:EXLS) will report $252.11 million in sales for the current fiscal quarter, Zacks reports. Six analysts have issued estimates for ExlService’s earnings, with estimates ranging from $250.59 million to $254.64 million. ExlService reported sales of $234.90 million in the same quarter last year, which would suggest a positive year-over-year growth rate of 7.3%. The company is scheduled to issue its next earnings results on Thursday, February 27th.

On average, analysts expect that ExlService will report full-year sales of $986.58 million for the current fiscal year, with estimates ranging from $985.00 million to $989.11 million. For the next fiscal year, analysts forecast that the company will post sales of $1.05 billion, with estimates ranging from $1.05 billion to $1.06 billion. Zacks Investment Research’s sales calculations are an average based on a survey of sell-side research firms that that provide coverage for ExlService.

ExlService (NASDAQ:EXLS) last announced its earnings results on Tuesday, October 29th. The business services provider reported $0.84 EPS for the quarter, beating analysts’ consensus estimates of $0.75 by $0.09. ExlService had a net margin of 5.17% and a return on equity of 13.56%. The business had revenue of $251.40 million during the quarter, compared to analysts’ expectations of $256.60 million. During the same period in the prior year, the company earned $0.71 earnings per share. The business’s revenue was up 8.8% compared to the same quarter last year.

A number of research analysts have recently issued reports on the stock. Zacks Investment Research lowered shares of ExlService from a “buy” rating to a “hold” rating in a research note on Thursday. ValuEngine lowered shares of ExlService from a “buy” rating to a “hold” rating in a research note on Wednesday, October 2nd. BidaskClub lowered shares of ExlService from a “hold” rating to a “sell” rating in a research note on Wednesday, October 23rd. Finally, JPMorgan Chase & Co. dropped their price target on shares of ExlService from $75.00 to $74.00 and set a “neutral” rating on the stock in a research note on Monday, October 7th. Two research analysts have rated the stock with a sell rating, five have assigned a hold rating and two have given a buy rating to the company. ExlService currently has an average rating of “Hold” and a consensus price target of $70.83.

In other ExlService news, COO Pavan Bagai sold 10,346 shares of the company’s stock in a transaction dated Tuesday, October 29th. The shares were sold at an average price of $68.52, for a total transaction of $708,907.92. Following the transaction, the chief operating officer now directly owns 45,416 shares in the company, valued at $3,111,904.32. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, CEO Rohit Kapoor sold 25,000 shares of the company’s stock in a transaction dated Tuesday, October 29th. The stock was sold at an average price of $69.06, for a total transaction of $1,726,500.00. Following the transaction, the chief executive officer now owns 267,577 shares in the company, valued at $18,478,867.62. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 54,652 shares of company stock worth $3,781,637. Company insiders own 3.60% of the company’s stock.

Institutional investors and hedge funds have recently modified their holdings of the business. Tower Research Capital LLC TRC grew its position in ExlService by 100.5% during the third quarter. Tower Research Capital LLC TRC now owns 391 shares of the business services provider’s stock worth $26,000 after buying an additional 196 shares during the period. Strs Ohio acquired a new position in ExlService during the second quarter worth about $72,000. CIBC Asset Management Inc acquired a new position in ExlService during the second quarter worth about $200,000. Citadel Advisors LLC grew its position in ExlService by 183.3% during the second quarter. Citadel Advisors LLC now owns 3,332 shares of the business services provider’s stock worth $221,000 after buying an additional 7,332 shares during the period. Finally, Yorktown Management & Research Co Inc acquired a new position in ExlService during the third quarter worth about $241,000. Institutional investors own 92.57% of the company’s stock.

Shares of ExlService stock traded down $0.48 on Wednesday, reaching $69.33. 168,283 shares of the stock were exchanged, compared to its average volume of 119,484. ExlService has a 1-year low of $44.29 and a 1-year high of $70.91. The company has a current ratio of 2.69, a quick ratio of 2.69 and a debt-to-equity ratio of 0.35. The business has a fifty day moving average price of $67.83 and a two-hundred day moving average price of $65.77. The firm has a market capitalization of $2.38 billion, a PE ratio of 30.01, a PEG ratio of 2.70 and a beta of 1.04.

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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