ExlService (NASDAQ:EXLS) Updates FY 2024 Earnings Guidance

ExlService (NASDAQ:EXLS) issued an update on its FY 2024 earnings guidance on Thursday morning. The company provided earnings per share guidance of 1.590-1.620 for the period, compared to the consensus earnings per share estimate of 1.610. The company issued revenue guidance of $1.8 billion-$1.8 billion, compared to the consensus revenue estimate of $1.8 billion. ExlService also updated its FY24 guidance to $1.59-1.62 EPS.

ExlService Price Performance

EXLS stock traded down $2.55 during trading hours on Thursday, hitting $32.71. 480,305 shares of the stock traded hands, compared to its average volume of 966,497. The stock has a 50-day simple moving average of $31.40 and a 200 day simple moving average of $31.01. The company has a market cap of $5.48 billion, a P/E ratio of 30.54, a P/E/G ratio of 1.88 and a beta of 1.00. ExlService has a one year low of $25.17 and a one year high of $35.70. The company has a current ratio of 2.54, a quick ratio of 2.54 and a debt-to-equity ratio of 0.35.

ExlService (NASDAQ:EXLS) last posted its quarterly earnings data on Thursday, May 2nd. The business services provider reported $0.30 earnings per share for the quarter, beating the consensus estimate of $0.29 by $0.01. ExlService had a net margin of 10.92% and a return on equity of 23.13%. The company had revenue of $436.51 million during the quarter, compared to analyst estimates of $424.81 million. Equities analysts forecast that ExlService will post 1.27 earnings per share for the current year.

Analysts Set New Price Targets

Several research analysts have issued reports on the stock. Wedbush upgraded shares of ExlService from a neutral rating to an outperform rating and lifted their price target for the stock from $34.00 to $40.00 in a research report on Wednesday, May 8th. Needham & Company LLC restated a buy rating and issued a $40.00 target price on shares of ExlService in a report on Friday, May 3rd. Finally, Citigroup upped their target price on ExlService from $37.00 to $38.00 and gave the company a buy rating in a report on Friday, July 12th. Two equities research analysts have rated the stock with a hold rating and five have assigned a buy rating to the stock. According to data from MarketBeat.com, the stock currently has a consensus rating of Moderate Buy and a consensus target price of $37.33.

Insider Activity

In related news, CFO Maurizio Nicolelli sold 12,000 shares of the stock in a transaction dated Wednesday, May 8th. The stock was sold at an average price of $30.66, for a total value of $367,920.00. Following the completion of the sale, the chief financial officer now directly owns 138,985 shares of the company’s stock, valued at approximately $4,261,280.10. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. In related news, CEO Rohit Kapoor sold 15,000 shares of the stock in a transaction dated Friday, May 10th. The stock was sold at an average price of $30.61, for a total value of $459,150.00. Following the completion of the sale, the chief executive officer now directly owns 1,616,435 shares of the company’s stock, valued at approximately $49,479,075.35. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, CFO Maurizio Nicolelli sold 12,000 shares of the stock in a transaction dated Wednesday, May 8th. The stock was sold at an average price of $30.66, for a total value of $367,920.00. Following the completion of the sale, the chief financial officer now directly owns 138,985 shares of the company’s stock, valued at $4,261,280.10. The disclosure for this sale can be found here. Insiders sold a total of 141,587 shares of company stock valued at $4,438,140 over the last three months. Insiders own 3.75% of the company’s stock.

ExlService Company Profile

ExlService Holdings, Inc operates as a data analytics, and digital operations and solutions company in the United States and internationally. The company operates through Insurance, Healthcare, Analytics, and Emerging Business segments. It also provides digital operations and solutions and analytics-driven services, such as claims processing, premium and benefit administration, agency management, account reconciliation, policy research, underwriting support, new business acquisition, policy servicing, premium audit, surveys, billing and collection, commercial and residential survey, and customer service using digital technology, artificial intelligence, machine learning, and advanced automation; digital customer acquisition services using a software-as-a-service delivery model through LifePRO and LISS platforms; subrogation services; and Subrosource software platform, an end-to-end subrogation platform.