ExlService (NASDAQ:EXLS) Updates FY 2024 Earnings Guidance

ExlService (NASDAQ:EXLS) issued an update on its FY 2024 earnings guidance on Tuesday morning. The company provided earnings per share guidance of 1.610-1.630 for the period, compared to the consensus earnings per share estimate of 1.620. The company issued revenue guidance of $1.8 billion-$1.8 billion, compared to the consensus revenue estimate of $1.8 billion. ExlService also updated its FY24 guidance to $1.61-$1.63 EPS.

Analyst Upgrades and Downgrades

Several research analysts recently issued reports on EXLS shares. Jefferies Financial Group upgraded shares of ExlService from a “hold” rating to a “buy” rating and increased their price target for the stock from $35.00 to $42.00 in a research note on Monday, September 9th. JPMorgan Chase & Co. raised their target price on shares of ExlService from $38.00 to $41.00 and gave the company an “overweight” rating in a research note on Friday, September 6th. Robert W. Baird boosted their price target on ExlService from $35.00 to $40.00 and gave the stock a “neutral” rating in a research report on Thursday, October 10th. Needham & Company LLC reiterated a “buy” rating and set a $40.00 price objective on shares of ExlService in a research note on Friday, August 2nd. Finally, Citigroup boosted their target price on ExlService from $38.00 to $46.00 and gave the stock a “buy” rating in a report on Monday, October 14th. Two equities research analysts have rated the stock with a hold rating and six have given a buy rating to the company’s stock. According to MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $40.86.

ExlService Stock Up 0.7 %

Shares of EXLS stock traded up $0.28 during mid-day trading on Tuesday, hitting $39.02. The company’s stock had a trading volume of 838,947 shares, compared to its average volume of 939,580. The stock has a market cap of $6.54 billion, a price-to-earnings ratio of 36.14, a PEG ratio of 2.07 and a beta of 1.00. The company has a debt-to-equity ratio of 0.30, a quick ratio of 2.45 and a current ratio of 2.45. ExlService has a 52-week low of $25.34 and a 52-week high of $40.77. The business has a 50-day moving average price of $37.52 and a 200 day moving average price of $33.55.

ExlService (NASDAQ:EXLS) last announced its quarterly earnings results on Thursday, August 1st. The business services provider reported $0.40 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.39 by $0.01. ExlService had a net margin of 10.45% and a return on equity of 22.92%. The firm had revenue of $448.40 million for the quarter, compared to the consensus estimate of $444.61 million. During the same quarter last year, the firm posted $0.31 EPS. The business’s quarterly revenue was up 10.7% compared to the same quarter last year. Research analysts predict that ExlService will post 1.28 EPS for the current fiscal year.

Insider Transactions at ExlService

In related news, CEO Rohit Kapoor sold 35,000 shares of the company’s stock in a transaction on Thursday, August 29th. The stock was sold at an average price of $36.18, for a total transaction of $1,266,300.00. Following the completion of the sale, the chief executive officer now owns 1,424,588 shares in the company, valued at approximately $51,541,593.84. This represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. In related news, insider Vivek Jetley sold 2,015 shares of the firm’s stock in a transaction on Thursday, August 15th. The stock was sold at an average price of $35.75, for a total value of $72,036.25. Following the transaction, the insider now directly owns 326,642 shares of the company’s stock, valued at approximately $11,677,451.50. This trade represents a 0.00 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, CEO Rohit Kapoor sold 35,000 shares of the business’s stock in a transaction dated Thursday, August 29th. The shares were sold at an average price of $36.18, for a total value of $1,266,300.00. Following the sale, the chief executive officer now directly owns 1,424,588 shares of the company’s stock, valued at $51,541,593.84. This represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 134,875 shares of company stock worth $4,716,859 in the last ninety days. 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.