IBEX (NASDAQ:IBEX) Announces Earnings Results

IBEX (NASDAQ:IBEX) posted its quarterly earnings data on Monday. The company reported $0.31 EPS for the quarter, beating analysts’ consensus estimates of $0.16 by $0.15, MarketWatch Earnings reports. IBEX had a negative net margin of 1.14% and a positive return on equity of 33.09%. During the same quarter last year, the firm earned $0.14 earnings per share.

NASDAQ IBEX opened at $17.85 on Wednesday. The company has a 50 day simple moving average of $19.73 and a 200-day simple moving average of $20.86. The company has a debt-to-equity ratio of 0.05, a current ratio of 1.40 and a quick ratio of 1.40. The firm has a market capitalization of $328.23 million and a price-to-earnings ratio of -46.97. IBEX has a 52-week low of $9.27 and a 52-week high of $25.50.

A number of analysts have commented on IBEX shares. Robert W. Baird reaffirmed a “buy” rating and set a $28.00 price objective on shares of IBEX in a research note on Monday, September 6th. Piper Sandler reduced their price objective on shares of IBEX from $25.00 to $22.00 and set an “overweight” rating for the company in a research note on Wednesday. Finally, Zacks Investment Research lowered shares of IBEX from a “buy” rating to a “hold” rating in a research note on Wednesday, July 21st. One research analyst has rated the stock with a hold rating and four have given a buy rating to the company. According to MarketBeat.com, the stock presently has a consensus rating of “Buy” and an average target price of $21.83.

An institutional investor recently raised its position in IBEX stock. Morgan Stanley lifted its stake in IBEX Limited (NASDAQ:IBEX) by 288.3% in the first quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 28,863 shares of the company’s stock after purchasing an additional 21,430 shares during the quarter. Morgan Stanley owned 0.16% of IBEX worth $635,000 as of its most recent filing with the Securities and Exchange Commission (SEC). Hedge funds and other institutional investors own 24.26% of the company’s stock.

IBEX Company Profile

IBEX Limited provides end-to-end technology-enabled customer lifecycle experience solutions in the United States and internationally. The company provides ibex Connect, a customer engagement solution comprises customer service, technical support, and other value-added outsourced back office services through voice, email, chat, SMS, social media and other communication applications; ibex Digital, a customer acquisition solution that offers search, social, and display advertising capabilities; and ibex CX, a customer experience solution, which provides a comprehensive suite of proprietary software tools to measure, monitor and manage its clients' customer experience.

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Earnings History for IBEX (NASDAQ:IBEX)

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