IBEX (NASDAQ:IBEX) Posts Quarterly Earnings Results, Beats Expectations By $0.02 EPS

IBEX (NASDAQ:IBEX) released its earnings results on Thursday. The company reported $0.51 EPS for the quarter, topping analysts’ consensus estimates of $0.49 by $0.02, Zacks reports. IBEX had a return on equity of 22.54% and a net margin of 6.57%. IBEX updated its FY 2025 guidance to EPS.

IBEX Stock Performance

IBEX stock opened at $23.29 on Friday. IBEX has a fifty-two week low of $13.00 and a fifty-two week high of $22.67. The stock has a fifty day moving average of $21.21 and a 200-day moving average of $19.30. The company has a market capitalization of $390.39 million, a price-to-earnings ratio of 12.72 and a beta of 0.78.

Wall Street Analysts Forecast Growth

Separately, Robert W. Baird lifted their price objective on shares of IBEX from $23.00 to $26.00 and gave the stock an “outperform” rating in a research report on Friday, November 8th. Two analysts have rated the stock with a hold rating and two have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus price target of $21.25.

Insider Buying and Selling at IBEX

In other news, Director Group International L. Resource sold 54,517 shares of IBEX stock in a transaction on Monday, November 11th. The stock was sold at an average price of $20.01, for a total value of $1,090,885.17. Following the completion of the transaction, the director now directly owns 5,293,915 shares in the company, valued at approximately $105,931,239.15. The trade was a 1.02 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, major shareholder Gem G.P. L.P. Pinebridge II sold 82,572 shares of the stock in a transaction dated Wednesday, December 4th. The stock was sold at an average price of $20.20, for a total value of $1,667,954.40. Following the sale, the insider now directly owns 1,421,547 shares in the company, valued at $28,715,249.40. This trade represents a 5.49 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 326,404 shares of company stock valued at $6,630,013 over the last three months. 6.72% of the stock is currently owned by insiders.

IBEX Company Profile

IBEX Limited provides end-to-end technology-enabled customer lifecycle experience solutions in the United States and internationally. The company products and services portfolio includes ibex Connect, that offers customer service, technical support, revenue generation, and other revenue generation outsourced back-office services through the CX model, which integrates voice, email, chat, SMS, social media, and other communication applications; ibex Digital, a customer acquisition solution that comprises digital marketing, e-commerce technology, and platform solutions; and ibex CX, a customer experience solution, which provides a suite of proprietary software tools to measure, monitor, and manage its clients' customer experience.