ExlService (NASDAQ:EXLS) Posts Earnings Results, Beats Estimates By $0.01 EPS

ExlService (NASDAQ:EXLS) announced its quarterly earnings data on Thursday. The business services provider reported $0.40 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.39 by $0.01, Briefing.com reports. The company had revenue of $448.40 million for the quarter, compared to the consensus estimate of $444.61 million. ExlService had a return on equity of 22.92% and a net margin of 10.45%. The firm’s revenue was up 10.7% compared to the same quarter last year. During the same period in the previous year, the business earned $0.31 EPS. ExlService updated its FY24 guidance to $1.59-1.62 EPS and its FY 2024 guidance to 1.590-1.620 EPS.

ExlService Stock Up 4.1 %

EXLS traded up $1.35 during midday trading on Friday, reaching $34.03. 1,861,227 shares of the company were exchanged, compared to its average volume of 875,400. The company has a debt-to-equity ratio of 0.30, a quick ratio of 2.54 and a current ratio of 2.45. The company’s fifty day moving average price is $31.50 and its 200 day moving average price is $31.04. The company has a market cap of $5.70 billion, a price-to-earnings ratio of 31.45, a price-to-earnings-growth ratio of 1.74 and a beta of 1.00. ExlService has a one year low of $25.17 and a one year high of $35.70.

Analysts Set New Price Targets

A number of analysts recently commented on the company. Needham & Company LLC reaffirmed a “buy” rating and issued a $40.00 target price on shares of ExlService in a research report on Friday. Citigroup boosted their target price on ExlService from $37.00 to $38.00 and gave the company a “buy” rating in a research report on Friday, July 12th. Finally, Wedbush raised ExlService from a “neutral” rating to an “outperform” rating and boosted their target price for the company from $34.00 to $40.00 in a research report on Wednesday, May 8th. Two analysts have rated the stock with a hold rating and five have issued a buy rating to the stock. According to data from MarketBeat, ExlService has an average rating of “Moderate Buy” and an average target price of $37.33.

Insiders Place Their Bets

In other ExlService news, insider Vivek Jetley sold 4,000 shares of the business’s stock in a transaction that occurred on Tuesday, May 28th. The stock was sold at an average price of $30.28, for a total transaction of $121,120.00. Following the completion of the sale, the insider now directly owns 333,847 shares of the company’s stock, valued at approximately $10,108,887.16. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. In other ExlService news, insider Vivek Jetley sold 4,000 shares of the stock in a transaction on Tuesday, May 28th. The stock was sold at an average price of $30.28, for a total transaction of $121,120.00. Following the sale, the insider now owns 333,847 shares in the company, valued at $10,108,887.16. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, insider Narasimha Kini 10,000 shares of the business’s stock in a transaction on Tuesday, July 30th. The disclosure for this trade can be found here. In the last ninety days, insiders sold 141,587 shares of company stock valued at $4,438,140. Corporate insiders own 3.75% of the company’s stock.

About ExlService

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.