Zacks: Analysts Anticipate IBEX Limited (NASDAQ:IBEX) to Announce $0.25 EPS

Equities research analysts expect that IBEX Limited (NASDAQ:IBEX) will announce $0.25 earnings per share (EPS) for the current quarter, according to Zacks. Two analysts have made estimates for IBEX’s earnings, with the lowest EPS estimate coming in at $0.20 and the highest estimate coming in at $0.30. IBEX posted earnings per share of $0.31 during the same quarter last year, which would indicate a negative year-over-year growth rate of 19.4%. The business is scheduled to issue its next earnings results on Monday, January 1st.

On average, analysts expect that IBEX will report full year earnings of $1.11 per share for the current year, with EPS estimates ranging from $1.05 to $1.17. For the next financial year, analysts expect that the firm will post earnings of $1.31 per share, with EPS estimates ranging from $1.30 to $1.32. Zacks’ EPS calculations are an average based on a survey of sell-side analysts that that provide coverage for IBEX.

IBEX (NASDAQ:IBEX) last issued its earnings results on Monday, September 13th. The company reported $0.31 EPS for the quarter, topping the consensus estimate of $0.16 by $0.15. The firm had revenue of $108.88 million during the quarter, compared to analysts’ expectations of $111.91 million. IBEX had a return on equity of 30.31% and a net margin of 0.64%. During the same period last year, the business earned $0.14 earnings per share.

A number of brokerages have issued reports on IBEX. Zacks Investment Research cut IBEX from a “hold” rating to a “sell” rating in a report on Thursday, September 16th. Piper Sandler cut their price objective on IBEX from $25.00 to $22.00 and set an “overweight” rating for the company in a report on Wednesday, September 15th. Citigroup cut their price target on IBEX from $29.00 to $23.00 and set a “buy” rating for the company in a report on Thursday, September 16th. Finally, Robert W. Baird reaffirmed a “buy” rating and issued a $28.00 price target on shares of IBEX in a report on Monday, September 6th. One research analyst has rated the stock with a sell rating and four have given a buy rating to the company. According to data from MarketBeat, the stock has an average rating of “Buy” and a consensus price target of $22.67.

A number of hedge funds have recently made changes to their positions in IBEX. Millennium Management LLC acquired a new position in shares of IBEX during the 2nd quarter worth about $760,000. Ameriprise Financial Inc. grew its position in shares of IBEX by 3.9% during the 1st quarter. Ameriprise Financial Inc. now owns 782,681 shares of the company’s stock worth $17,218,000 after buying an additional 29,729 shares during the period. American Century Companies Inc. lifted its holdings in shares of IBEX by 3.3% during the 2nd quarter. American Century Companies Inc. now owns 914,217 shares of the company’s stock valued at $17,846,000 after purchasing an additional 29,392 shares in the last quarter. Morgan Stanley lifted its holdings in shares of IBEX by 288.3% during the 1st quarter. Morgan Stanley now owns 28,863 shares of the company’s stock valued at $635,000 after purchasing an additional 21,430 shares in the last quarter. Finally, BlackRock Inc. lifted its holdings in shares of IBEX by 5.7% during the 1st quarter. BlackRock Inc. now owns 274,652 shares of the company’s stock valued at $6,042,000 after purchasing an additional 14,930 shares in the last quarter. Hedge funds and other institutional investors own 24.26% of the company’s stock.

IBEX stock traded up $0.88 during midday trading on Monday, hitting $18.01. The stock had a trading volume of 3 shares, compared to its average volume of 29,368. The firm has a market capitalization of $331.20 million, a price-to-earnings ratio of 13.74 and a beta of 1.75. IBEX has a 52 week low of $14.04 and a 52 week high of $25.50. The stock has a 50-day simple moving average of $18.20 and a 200 day simple moving average of $20.29. The company has a current ratio of 1.34, a quick ratio of 1.40 and a debt-to-equity ratio of 0.02.

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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