ExlService (NASDAQ:EXLS) Posts Earnings Results, Beats Estimates By $0.01 EPS

ExlService (NASDAQ:EXLS) released its quarterly earnings data on Thursday. The business services provider reported $0.40 earnings per share for the quarter, topping analysts’ consensus estimates of $0.39 by $0.01, Briefing.com reports. ExlService had a return on equity of 22.92% and a net margin of 10.45%. The firm had revenue of $448.40 million during the quarter, compared to analyst estimates of $444.61 million. During the same quarter in the prior year, the company posted $0.31 earnings per share. The business’s quarterly revenue was up 10.7% compared to the same quarter last year. ExlService updated its FY24 guidance to $1.59-1.62 EPS and its FY 2024 guidance to 1.590-1.620 EPS.

ExlService Trading Up 4.1 %

EXLS stock traded up $1.35 during midday trading on Friday, reaching $34.03. 1,861,227 shares of the company traded hands, compared to its average volume of 875,400. ExlService has a 52-week low of $25.17 and a 52-week high of $35.70. The company has a debt-to-equity ratio of 0.30, a quick ratio of 2.54 and a current ratio of 2.45. The business has a 50 day moving average of $31.50 and a 200-day moving average of $31.04. The firm has a market capitalization of $5.70 billion, a price-to-earnings ratio of 31.45, a P/E/G ratio of 1.74 and a beta of 1.00.

Analysts Set New Price Targets

A number of equities analysts recently commented on the company. Wedbush raised ExlService from a “neutral” rating to an “outperform” rating and increased their price target for the company from $34.00 to $40.00 in a research note on Wednesday, May 8th. Needham & Company LLC reissued a “buy” rating and set a $40.00 price target on shares of ExlService in a research note on Friday. Finally, Citigroup increased their price target on ExlService from $37.00 to $38.00 and gave the company a “buy” rating in a research note on Friday, July 12th. Two investment analysts have rated the stock with a hold rating and five have given a buy rating to the company. Based on data from MarketBeat.com, ExlService has a consensus rating of “Moderate Buy” and a consensus target price of $37.33.

Insider Buying and Selling at ExlService

In other ExlService news, insider Vivek Jetley sold 4,000 shares of the company’s stock in a transaction that occurred on Tuesday, May 28th. The stock was sold at an average price of $30.28, for a total transaction of $121,120.00. Following the sale, the insider now directly owns 333,847 shares in the company, valued at $10,108,887.16. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. In other news, insider Vivek Jetley sold 4,000 shares of the stock in a transaction that occurred on Tuesday, May 28th. The stock was sold at an average price of $30.28, for a total value of $121,120.00. Following the sale, the insider now directly owns 333,847 shares in the company, valued at $10,108,887.16. The sale was disclosed in a document filed with the SEC, which is available at this link. Also, insider Narasimha Kini 10,000 shares of the company’s stock in a transaction on Tuesday, July 30th. The disclosure for this trade can be found here. Insiders have sold a total of 141,587 shares of company stock worth $4,438,140 over the last ninety days. Company insiders own 3.75% of the company’s stock.

About ExlService

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.