WNS (NYSE:WNS) Releases Earnings Results, Beats Expectations By $0.08 EPS

WNS (NYSE:WNSGet Rating) announced its quarterly earnings results on Thursday. The business services provider reported $0.95 EPS for the quarter, beating analysts’ consensus estimates of $0.87 by $0.08, MarketWatch Earnings reports. WNS had a return on equity of 19.13% and a net margin of 11.44%. The company had revenue of $275.00 million during the quarter, compared to analysts’ expectations of $265.54 million. During the same period in the prior year, the business posted $0.57 EPS. WNS’s revenue was up 20.5% on a year-over-year basis. WNS updated its FY 2023 guidance to $3.500-$3.730 EPS.

Shares of NYSE WNS traded down $3.86 during midday trading on Thursday, reaching $80.14. The company’s stock had a trading volume of 9,766 shares, compared to its average volume of 158,356. WNS has a fifty-two week low of $67.36 and a fifty-two week high of $91.48. The stock has a market capitalization of $3.91 billion, a price-to-earnings ratio of 33.95, a PEG ratio of 1.91 and a beta of 1.38. The stock has a 50 day simple moving average of $84.85 and a 200-day simple moving average of $85.76.

Several brokerages have commented on WNS. StockNews.com began coverage on shares of WNS in a report on Thursday, March 31st. They set a “buy” rating on the stock. Needham & Company LLC raised their target price on shares of WNS from $100.00 to $110.00 and gave the stock a “buy” rating in a report on Friday, January 21st. Finally, Zacks Investment Research downgraded shares of WNS from a “buy” rating to a “hold” rating in a report on Thursday, March 24th. One research analyst has rated the stock with a hold rating and seven have given a buy rating to the company’s stock. According to data from MarketBeat, WNS presently has a consensus rating of “Buy” and a consensus target price of $99.33.

Several hedge funds and other institutional investors have recently bought and sold shares of WNS. MML Investors Services LLC acquired a new stake in shares of WNS in the fourth quarter valued at approximately $210,000. Virtu Financial LLC acquired a new stake in shares of WNS in the fourth quarter valued at approximately $263,000. JustInvest LLC acquired a new stake in shares of WNS in the fourth quarter valued at approximately $395,000. Goldman Sachs Group Inc. acquired a new stake in shares of WNS in the fourth quarter valued at approximately $677,000. Finally, LPL Financial LLC bought a new position in shares of WNS in the third quarter valued at $1,010,000.

WNS Company Profile (Get Rating)

WNS (Holdings) Ltd. engages in the provision of business process management solutions. Its services include industry-specific offerings, customer interaction, finance and accounting, human resources, procurement, and research and analytics. It operates through the WNS Global BPM and WNS Auto Claims BPM segments.

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Earnings History for WNS (NYSE:WNS)

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