Concentrix (NASDAQ:CNXC) Updates FY 2025 Earnings Guidance

Concentrix (NASDAQ:CNXC) updated its FY 2025 earnings guidance on Wednesday. The company provided earnings per share guidance of 11.180-11.770 for the period, compared to the consensus earnings per share estimate of 11.970. The company issued revenue guidance of $9.5 billion-$9.6 billion, compared to the consensus revenue estimate of $9.7 billion. Concentrix also updated its FY25 guidance to $11.18-11.77 EPS.

Concentrix Trading Up 2.8 %

NASDAQ:CNXC opened at $48.78 on Friday. Concentrix has a 52-week low of $36.28 and a 52-week high of $106.10. The company has a quick ratio of 1.57, a current ratio of 1.57 and a debt-to-equity ratio of 1.18. The stock has a fifty day simple moving average of $43.34 and a 200-day simple moving average of $54.98. The company has a market capitalization of $3.16 billion, a PE ratio of 15.84, a price-to-earnings-growth ratio of 0.60 and a beta of 0.63.

Concentrix (NASDAQ:CNXC) last announced its earnings results on Wednesday, January 15th. The company reported $3.26 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $3.01 by $0.25. The company had revenue of $2.45 billion during the quarter, compared to analysts’ expectations of $2.44 billion. Concentrix had a net margin of 2.18% and a return on equity of 16.57%. The firm’s quarterly revenue was up 9.7% compared to the same quarter last year. During the same quarter in the previous year, the business posted $3.36 earnings per share. On average, equities research analysts expect that Concentrix will post 10.11 earnings per share for the current fiscal year.

Concentrix Cuts Dividend

The business also recently announced a quarterly dividend, which will be paid on Tuesday, February 11th. Investors of record on Friday, January 31st will be paid a $0.3328 dividend. This represents a $1.33 dividend on an annualized basis and a yield of 2.73%. The ex-dividend date of this dividend is Friday, January 31st. Concentrix’s payout ratio is currently 43.18%.

Wall Street Analysts Forecast Growth

A number of research firms have recently weighed in on CNXC. Robert W. Baird started coverage on Concentrix in a report on Thursday, October 3rd. They issued an “outperform” rating and a $70.00 price target for the company. Baird R W raised shares of Concentrix to a “strong-buy” rating in a research note on Thursday, October 3rd. Canaccord Genuity Group decreased their price target on shares of Concentrix from $100.00 to $80.00 and set a “buy” rating on the stock in a research note on Thursday. Barrington Research cut their price objective on shares of Concentrix from $84.00 to $70.00 and set an “outperform” rating for the company in a research report on Thursday, September 26th. Finally, Bank of America reduced their price objective on shares of Concentrix from $85.00 to $70.00 and set a “neutral” rating on the stock in a research note on Thursday, September 26th. One analyst has rated the stock with a hold rating, four have issued a buy rating and one has assigned a strong buy rating to the stock. According to data from MarketBeat, Concentrix has an average rating of “Buy” and an average price target of $75.00.

About Concentrix

Concentrix Corporation engages in the provision of technology-infused customer experience (CX) solutions worldwide. The company provides CX process optimization, technology innovation, front- and back-office automation, analytics, and business transformation services, across various channels of communication, such as voice, chat, email, social media, asynchronous messaging, and custom applications.