ExlService (EXLS) Set to Announce Quarterly Earnings on Thursday

ExlService (NASDAQ:EXLS) is scheduled to issue its quarterly earnings data before the market opens on Thursday, May 2nd. Analysts expect the company to announce earnings of $0.36 per share for the quarter. ExlService has set its FY 2024 guidance at 1.560-1.620 EPS and its FY24 guidance at $1.56-1.62 EPS.Parties that wish to listen to the company’s conference call can do so using this link.

ExlService (NASDAQ:EXLS) last posted its quarterly earnings results on Thursday, February 29th. The business services provider reported $0.26 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.27 by ($0.01). ExlService had a return on equity of 22.83% and a net margin of 11.32%. The firm had revenue of $414.06 million for the quarter, compared to the consensus estimate of $408.56 million. On average, analysts expect ExlService to post $1 EPS for the current fiscal year and $2 EPS for the next fiscal year.

ExlService Price Performance

Shares of EXLS stock opened at $29.57 on Thursday. ExlService has a 1-year low of $25.17 and a 1-year high of $35.94. The stock’s 50-day moving average is $30.72 and its 200 day moving average is $29.83. The company has a market cap of $4.90 billion, a P/E ratio of 27.13, a PEG ratio of 1.54 and a beta of 0.97. The company has a debt-to-equity ratio of 0.15, a current ratio of 2.08 and a quick ratio of 2.08.

Insiders Place Their Bets

In other ExlService news, EVP Ajay Ayyappan sold 9,259 shares of the firm’s stock in a transaction dated Tuesday, March 12th. The stock was sold at an average price of $31.59, for a total value of $292,491.81. Following the completion of the sale, the executive vice president now owns 50,693 shares of the company’s stock, valued at $1,601,391.87. The sale was disclosed in a filing with the SEC, which is available through this hyperlink. In other news, EVP Vikas Bhalla sold 23,760 shares of the firm’s stock in a transaction dated Wednesday, March 6th. The stock was sold at an average price of $31.51, for a total value of $748,677.60. Following the completion of the transaction, the executive vice president now directly owns 127,046 shares in the company, valued at $4,003,219.46. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. Also, EVP Ajay Ayyappan sold 9,259 shares of the firm’s stock in a transaction dated Tuesday, March 12th. The stock was sold at an average price of $31.59, for a total value of $292,491.81. Following the completion of the transaction, the executive vice president now owns 50,693 shares of the company’s stock, valued at $1,601,391.87. The disclosure for this sale can be found here. Corporate insiders own 3.75% of the company’s stock.

Analyst Upgrades and Downgrades

EXLS has been the topic of a number of recent research reports. StockNews.com downgraded ExlService from a “buy” rating to a “hold” rating in a research report on Thursday, February 29th. Citigroup dropped their price objective on ExlService from $38.00 to $37.00 and set a “buy” rating on the stock in a research report on Monday. Needham & Company LLC reaffirmed a “buy” rating and set a $40.00 price objective on shares of ExlService in a research report on Friday, March 1st. Finally, TD Cowen raised their price objective on ExlService from $36.00 to $37.00 and gave the company an “outperform” rating in a research report on Tuesday, April 2nd. Three investment analysts have rated the stock with a hold rating and four have issued a buy rating to the company. Based on data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $36.14.

ExlService Company Profile

ExlService Holdings, Inc operates as a data analytics, and digital operations and solutions company in the United States and internationally. The company operates through Insurance, Healthcare, Analytics, and Emerging Business segments. It also provides digital operations and solutions and analytics-driven services, such as claims processing, premium and benefit administration, agency management, account reconciliation, policy research, underwriting support, new business acquisition, policy servicing, premium audit, surveys, billing and collection, commercial and residential survey, and customer service using digital technology, artificial intelligence, machine learning, and advanced automation; digital customer acquisition services using a software-as-a-service delivery model through LifePRO and LISS platforms; subrogation services; and Subrosource software platform, an end-to-end subrogation platform.