Concentrix (CNXC) Stock Price, News & Analysis

4 Wall Street research analysts have issued "buy," "hold," and "sell" ratings for Concentrix in the last twelve months. There are currently 1 sell rating, 1 hold rating and 2 buy ratings for the stock. The consensus among Wall Street research analysts is that investors should "hold" CNXC shares. A hold rating indicates that analysts believe investors should maintain any existing positions they have in CNXC, but not buy additional shares or sell existing shares.
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4 brokerages have issued 1 year target prices for Concentrix's stock. Their CNXC share price targets range from $60.00 to $115.00. On average, they anticipate the company's stock price to reach $82.25 in the next twelve months. This suggests a possible upside of 49.0% from the stock's current price.
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Concentrix's stock was trading at $98.21 at the beginning of the year. Since then, CNXC stock has decreased by 43.8% and is now trading at $55.19.
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The company is scheduled to release its next quarterly earnings announcement on Wednesday, June 26th 2024.
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Concentrix Co. (NASDAQ:CNXC) released its earnings results on Tuesday, March, 26th. The company reported $2.33 EPS for the quarter, missing the consensus estimate of $2.36 by $0.03. The business had revenue of $2.40 billion for the quarter, compared to analysts' expectations of $2.38 billion. Concentrix had a net margin of 3.53% and a trailing twelve-month return on equity of 17.70%.

Concentrix declared a quarterly dividend on Tuesday, March 26th. Investors of record on Friday, April 26th will be given a dividend of $0.303 per share on Tuesday, May 7th. This represents a $1.21 annualized dividend and a yield of 2.20%. The ex-dividend date of this dividend is Thursday, April 25th. This is an increase from the stock's previous quarterly dividend of $0.30.
Read our dividend analysis for CNXC.

Concentrix (NASDAQ:CNXC) pays an annual dividend of $1.21 per share and currently has a dividend yield of 2.19%. The company has been increasing its dividend for 2 consecutive year(s), indicating that it does not yet have a strong track record of dividend growth. The dividend payout ratio is 24.95%. This payout ratio is at a healthy, sustainable level, below 75%. Based on earnings estimates, CNXC will have a dividend payout ratio of 9.83% next year. This indicates that the company will be able to sustain or increase its dividend.
Read our dividend analysis for CNXC.

ETFs with the largest weight of Concentrix (NASDAQ:CNXC) stock in their portfolio include Invesco S&P Spin-Off ETF (CSD), First Trust Technology AlphaDEX Fund (FXL), First Trust Mid Cap Value AlphaDEX Fund (FNK) and Mid Cap US Equity Select ETF (RNMC).Vanguard U.S. Value Factor (VFVA).

Concentrix updated its FY 2024 earnings guidance on Tuesday, March, 26th. The company provided EPS guidance of 11.690-12.500 for the period, compared to the consensus EPS estimate of 11.960. The company issued revenue guidance of $9.5 billion-$9.7 billion, compared to the consensus revenue estimate of $9.6 billion.

Concentrix (CNXC) raised $75 million in an IPO on Wednesday, July 1st 2015. The company issued 5,000,000 shares at a price of $15.00 per share. BofA Merrill Lynch, Wells Fargo Securities, Citigroup, Jefferies, Scotia Howard Weil, Credit Suisse, J.P. Morgan, Evercore ISI, BB&T Capital Markets, Goldman, Sachs, The Huntington Investment Company, Stifel and Nomura acted as the underwriters for the IPO and Clarksons Platou Securities, Cowen and Company and Tuohy Brothers were co-managers.

Concentrix's stock is owned by a number of retail and institutional investors. Top institutional investors include Allspring Global Investments Holdings LLC (0.44%), Alaska Permanent Fund Corp (0.05%), State of Michigan Retirement System (0.02%), Wealth Enhancement Advisory Services LLC (0.02%), Thompson Investment Management Inc. (0.01%) and First Hawaiian Bank (0.01%). Insiders that own company stock include Andre S Valentine, Ann F Vezina, Cormac J Twomey, Dennis Polk, Jane Fogarty, Kathryn Hayley, Matthew J Cox, Matthew Miau, Richard Rosso and Star Developments Ltd Silver.
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Shares of CNXC stock can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include Charles Schwab, E*TRADE, Fidelity, and Vanguard Brokerage Services.
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