IBEX (IBEX) to Release Earnings on Thursday

IBEX (NASDAQ:IBEX) will be announcing its earnings results after the market closes on Thursday, May 9th. Analysts expect the company to announce earnings of $0.58 per share for the quarter. IBEX has set its FY 2024 guidance at EPS.Individual that are interested in registering for the company’s earnings conference call can do so using this link.

IBEX (NASDAQ:IBEX) last announced its earnings results on Thursday, February 8th. The company reported $0.37 EPS for the quarter, missing the consensus estimate of $0.47 by ($0.10). IBEX had a return on equity of 20.10% and a net margin of 5.79%. The company had revenue of $132.63 million for the quarter, compared to analyst estimates of $137.38 million.

IBEX Stock Up 2.6 %

Shares of IBEX stock opened at $14.12 on Wednesday. IBEX has a 12-month low of $11.45 and a 12-month high of $23.49. The firm has a fifty day moving average of $14.54 and a 200-day moving average of $16.39. The company has a market capitalization of $248.09 million, a price-to-earnings ratio of 8.99 and a beta of 0.68.

Analyst Upgrades and Downgrades

A number of analysts have recently commented on the company. TheStreet lowered IBEX from a “b-” rating to a “c+” rating in a report on Wednesday, March 6th. Robert W. Baird reduced their price target on IBEX from $21.00 to $20.00 and set an “outperform” rating for the company in a research report on Friday, April 19th. Piper Sandler reiterated a “neutral” rating and issued a $17.00 price objective on shares of IBEX in a report on Friday, February 9th. Finally, Truist Financial reduced their target price on shares of IBEX from $25.00 to $22.00 and set a “buy” rating for the company in a report on Friday, February 9th. Three analysts have rated the stock with a hold rating and two have issued a buy rating to the stock. According to MarketBeat.com, the stock currently has an average rating of “Hold” and an average target price of $19.20.

Insider Transactions at IBEX

In related news, insider Jeffrey Hays Cox sold 7,331 shares of the company’s stock in a transaction dated Wednesday, February 28th. The shares were sold at an average price of $16.06, for a total value of $117,735.86. Following the transaction, the insider now owns 402,920 shares in the company, valued at approximately $6,470,895.20. The sale was disclosed in a document filed with the SEC, which can be accessed through this link. Company insiders own 20.80% of the company’s stock.

About IBEX

IBEX Limited provides end-to-end technology-enabled customer lifecycle experience solutions in the United States and internationally. The company products and services portfolio includes ibex Connect, that offers customer service, technical support, revenue generation, and other revenue generation outsourced back-office services through the CX model, which integrates voice, email, chat, SMS, social media, and other communication applications; ibex Digital, a customer acquisition solution that comprises digital marketing, e-commerce technology, and platform solutions; and ibex CX, a customer experience solution, which provides a suite of proprietary software tools to measure, monitor, and manage its clients' customer experience.