Concentrix (NASDAQ:CNXC) Updates FY 2025 Earnings Guidance

Concentrix (NASDAQ:CNXC) updated its FY 2025 earnings guidance on Wednesday. The company provided EPS guidance of 11.180-11.770 for the period, compared to the consensus EPS estimate of 11.340. The company issued revenue guidance of $9.5 billion-$9.6 billion, compared to the consensus revenue estimate of $9.5 billion. Concentrix also updated its FY25 guidance to $11.18-11.77 EPS.

Concentrix Trading Up 42.4 %

NASDAQ CNXC opened at $65.04 on Friday. The stock has a market capitalization of $4.18 billion, a price-to-earnings ratio of 17.53, a PEG ratio of 0.63 and a beta of 0.69. Concentrix has a 52 week low of $36.28 and a 52 week high of $77.00. The stock’s 50 day moving average price is $47.90 and its two-hundred day moving average price is $47.85. The company has a debt-to-equity ratio of 1.17, a quick ratio of 1.42 and a current ratio of 1.42.

Concentrix (NASDAQ:CNXC) last released its earnings results on Wednesday, March 26th. The company reported $2.79 earnings per share for the quarter, beating analysts’ consensus estimates of $2.58 by $0.21. Concentrix had a net margin of 2.61% and a return on equity of 16.67%. The business had revenue of $2.37 billion during the quarter, compared to the consensus estimate of $2.37 billion. During the same quarter last year, the firm earned $2.57 earnings per share. The firm’s revenue for the quarter was down 1.3% compared to the same quarter last year. As a group, analysts anticipate that Concentrix will post 10.11 earnings per share for the current fiscal year.

Concentrix Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Tuesday, May 6th. Investors of record on Friday, April 25th will be given a dividend of $0.3328 per share. The ex-dividend date is Friday, April 25th. This represents a $1.33 annualized dividend and a yield of 2.05%. Concentrix’s dividend payout ratio (DPR) is presently 35.85%.

Analysts Set New Price Targets

Several research firms have recently commented on CNXC. Barrington Research cut their price objective on Concentrix from $70.00 to $54.00 and set an “outperform” rating for the company in a report on Monday. Bank of America boosted their price objective on shares of Concentrix from $58.00 to $59.00 and gave the stock a “neutral” rating in a research note on Thursday. Finally, Canaccord Genuity Group reduced their price target on Concentrix from $100.00 to $80.00 and set a “buy” rating for the company in a report on Thursday, January 16th. One investment analyst has rated the stock with a hold rating, four have given a buy rating and one has given a strong buy rating to the stock. According to MarketBeat.com, Concentrix presently has a consensus rating of “Buy” and an average price target of $69.60.

Insider Buying and Selling at Concentrix

In other news, EVP Cormac J. Twomey sold 500 shares of the stock in a transaction that occurred on Wednesday, January 29th. The stock was sold at an average price of $55.60, for a total transaction of $27,800.00. Following the transaction, the executive vice president now owns 41,111 shares in the company, valued at approximately $2,285,771.60. This trade represents a 1.20 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Insiders own 3.20% of the company’s stock.

Concentrix Company Profile

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.