IBEX Limited (NASDAQ:IBEX) to Post Q3 2022 Earnings of $0.24 Per Share, Piper Sandler Forecasts

IBEX Limited (NASDAQ:IBEX) – Piper Sandler reduced their Q3 2022 EPS estimates for IBEX in a research report issued to clients and investors on Tuesday, September 14th. Piper Sandler analyst A. Ramnani now anticipates that the company will earn $0.24 per share for the quarter, down from their previous estimate of $0.38. Piper Sandler has a “Overweight” rating and a $22.00 price objective on the stock. Piper Sandler also issued estimates for IBEX’s Q4 2022 earnings at $0.25 EPS, FY2022 earnings at $1.05 EPS, Q3 2023 earnings at $0.31 EPS, Q4 2023 earnings at $0.31 EPS and FY2023 earnings at $1.32 EPS.

IBEX (NASDAQ:IBEX) last released its earnings results on Monday, September 13th. The company reported $0.31 earnings per share for the quarter, topping the consensus estimate of $0.16 by $0.15. IBEX had a negative net margin of 1.14% and a positive return on equity of 33.09%. During the same period in the prior year, the company earned $0.14 EPS.

Several other research analysts also recently weighed in on the stock. Robert W. Baird reissued a “buy” rating and issued a $28.00 target price on shares of IBEX in a research report on Monday, September 6th. Zacks Investment Research downgraded shares of IBEX from a “hold” rating to a “sell” rating in a research report on Thursday. Finally, Citigroup lowered their price objective on shares of IBEX from $29.00 to $23.00 and set a “buy” rating on the stock in a research report on Thursday. One investment analyst has rated the stock with a sell rating and four have assigned a buy rating to the stock. Based on data from MarketBeat, the company presently has an average rating of “Buy” and an average target price of $22.67.

IBEX stock opened at $19.50 on Friday. The firm’s 50 day simple moving average is $19.68 and its 200-day simple moving average is $20.83. The company has a market cap of $358.57 million and a P/E ratio of -51.32. The company has a debt-to-equity ratio of 0.05, a current ratio of 1.40 and a quick ratio of 1.40. IBEX has a fifty-two week low of $9.27 and a fifty-two week high of $25.50.

Institutional investors and hedge funds have recently made changes to their positions in the stock. American International Group Inc. grew its position in IBEX by 19.4% during the first quarter. American International Group Inc. now owns 3,467 shares of the company’s stock valued at $76,000 after purchasing an additional 563 shares in the last quarter. Squarepoint Ops LLC acquired a new stake in IBEX in the first quarter valued at approximately $292,000. Ameriprise Financial Inc. lifted its stake in IBEX by 3.9% in the first quarter. Ameriprise Financial Inc. now owns 782,681 shares of the company’s stock valued at $17,218,000 after acquiring an additional 29,729 shares during the last quarter. Manchester Capital Management LLC acquired a new stake in IBEX in the first quarter valued at approximately $122,000. Finally, American Century Companies Inc. lifted its stake in IBEX by 3.3% in the second quarter. American Century Companies Inc. now owns 914,217 shares of the company’s stock valued at $17,846,000 after acquiring an additional 29,392 shares during the last quarter. 24.26% of the stock is currently owned by hedge funds and other institutional investors.

About IBEX

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 and Estimates for IBEX (NASDAQ:IBEX)

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