Shares of Concentrix Corporation (NASDAQ:CNXC – Get Free Report) reached a new 52-week low during mid-day trading on Tuesday following a dissappointing earnings announcement. The company traded as low as $24.27 and last traded at $25.4340, with a volume of 2461325 shares trading hands. The stock had previously closed at $33.04.
The company reported $2.61 EPS for the quarter, missing analysts’ consensus estimates of $2.64 by ($0.03). Concentrix had a positive return on equity of 16.91% and a negative net margin of 13.02%.The company had revenue of $2.50 billion for the quarter, compared to the consensus estimate of $2.49 billion. During the same period in the prior year, the company earned $2.79 EPS. The firm’s revenue was up 5.4% compared to the same quarter last year.
Concentrix Dividend Announcement
The company also recently disclosed a quarterly dividend, which was paid on Tuesday, February 10th. Shareholders of record on Friday, January 30th were issued a dividend of $0.36 per share. The ex-dividend date of this dividend was Friday, January 30th. This represents a $1.44 annualized dividend and a yield of 5.7%. Concentrix’s dividend payout ratio is currently -6.91%.
Key Concentrix News
- Positive Sentiment: Revenue growth and business momentum — Concentrix reported $2.50B in Q1 revenue, up 5.4% year‑over‑year (1.9% constant currency), and highlighted continued enterprise wins for its iX Suite. Concentrix Reports First Quarter 2026 Results
- Positive Sentiment: Management maintained FY and Q2 non‑GAAP guidance — The company reaffirmed full‑year revenue and non‑GAAP EPS targets (non‑GAAP EPS $11.48–$12.07; revenue $10.035B–$10.18B) which supports forward expectations. Concentrix Reports First Quarter 2026 Results
- Positive Sentiment: Shareholder returns continued — Company paid a $0.36 quarterly dividend and repurchased ~1M shares in Q1, leaving ~$396.6M of repurchase authorization. Concentrix Reports First Quarter 2026 Results
- Neutral Sentiment: Liquidity action — Concentrix amended and expanded its accounts‑receivable securitization facility (improves receivables financing flexibility). This is a liquidity/treasury move rather than an earnings driver. Concentrix Expands and Extends Accounts Receivable Securitization Facility
- Negative Sentiment: EPS and profitability disappointment — Non‑GAAP EPS missed consensus by $0.03 ($2.61 vs $2.64/$2.65 consensus) and GAAP diluted EPS plunged to $0.33 from $1.04 a year ago; investors often punish visible EPS misses even when small. Concentrix Corporation (CNXC) Lags Q1 Earnings Estimates
- Negative Sentiment: Sharp GAAP profit and margin deterioration — GAAP net income fell ~69% y/y, operating income down ~30%, non‑GAAP operating margin and adjusted EBITDA margin compressed materially; cash flow used in operations and negative adjusted free cash flow raise near‑term financial concerns. Concentrix Reports Q1 2026 Financial Results, Maintaining Revenue and Profit Guidance Amidst Transition Challenges
- Negative Sentiment: Market reaction amplified by headlines — Several outlets flagged that results were “in line” on revenue but weak on profitability and the stock fell sharply in intraday trading after the print. That negative sentiment likely drove the selloff. Concentrix (NASDAQ:CNXC) reports Q1 CY2026 in line with expectations but stock drops 12.2%
Wall Street Analyst Weigh In
Several research firms recently issued reports on CNXC. Robert W. Baird set a $52.00 price target on Concentrix in a report on Wednesday, January 14th. Wall Street Zen upgraded shares of Concentrix from a “hold” rating to a “buy” rating in a research report on Saturday, February 14th. Weiss Ratings cut shares of Concentrix from a “hold (c-)” rating to a “sell (d)” rating in a research report on Thursday, January 29th. Finally, Barrington Research restated an “outperform” rating and issued a $62.00 price objective on shares of Concentrix in a report on Tuesday, March 17th. Three investment analysts have rated the stock with a Buy rating, one has assigned a Hold rating and one has assigned a Sell rating to the company. According to MarketBeat, the stock currently has a consensus rating of “Hold” and an average target price of $63.75.
Read Our Latest Stock Analysis on Concentrix
Insiders Place Their Bets
In other Concentrix news, CEO Christopher A. Caldwell bought 1,000 shares of the firm’s stock in a transaction on Thursday, January 29th. The stock was purchased at an average cost of $37.07 per share, with a total value of $37,070.00. Following the completion of the purchase, the chief executive officer owned 362,075 shares in the company, valued at approximately $13,422,120.25. The trade was a 0.28% increase in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website. Corporate insiders own 0.90% of the company’s stock.
Hedge Funds Weigh In On Concentrix
Several institutional investors and hedge funds have recently modified their holdings of CNXC. AQR Capital Management LLC increased its stake in Concentrix by 1.8% during the 3rd quarter. AQR Capital Management LLC now owns 4,380,821 shares of the company’s stock worth $202,175,000 after purchasing an additional 75,352 shares in the last quarter. Pzena Investment Management LLC increased its position in shares of Concentrix by 32.3% during the fourth quarter. Pzena Investment Management LLC now owns 2,927,196 shares of the company’s stock worth $121,713,000 after acquiring an additional 714,604 shares in the last quarter. Dimensional Fund Advisors LP raised its holdings in shares of Concentrix by 28.4% during the fourth quarter. Dimensional Fund Advisors LP now owns 2,491,270 shares of the company’s stock worth $103,588,000 after acquiring an additional 551,778 shares during the period. State Street Corp lifted its position in Concentrix by 8.7% in the 2nd quarter. State Street Corp now owns 1,622,854 shares of the company’s stock valued at $85,776,000 after acquiring an additional 130,529 shares in the last quarter. Finally, 1832 Asset Management L.P. lifted its position in Concentrix by 3.1% in the 2nd quarter. 1832 Asset Management L.P. now owns 1,544,997 shares of the company’s stock valued at $81,661,000 after acquiring an additional 46,856 shares in the last quarter. 90.34% of the stock is currently owned by institutional investors and hedge funds.
Concentrix Stock Performance
The stock’s 50 day moving average is $35.59 and its two-hundred day moving average is $40.53. The stock has a market capitalization of $1.56 billion, a price-to-earnings ratio of -1.22, a price-to-earnings-growth ratio of 0.33 and a beta of 0.50. The company has a current ratio of 1.40, a quick ratio of 1.40 and a debt-to-equity ratio of 1.67.
Concentrix Company Profile
Concentrix Inc (NASDAQ: CNXC) is a global business services company specializing in customer engagement solutions and technology‐driven business process outsourcing. The firm’s offerings encompass customer care delivered across voice and digital channels, back‐office processing, analytics and consulting, and automated workflow management. By integrating proprietary platforms, strategic partnerships and advanced automation, Concentrix helps clients enhance customer experiences and streamline operations.
Its capabilities extend to digital marketing and technology implementation, leveraging artificial intelligence, machine learning and data analytics to optimize customer journeys.
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