Barrington Research Cuts Earnings Estimates for Concentrix

Concentrix Corporation (NASDAQ:CNXC) – Research analysts at Barrington Research dropped their FY2026 EPS estimates for shares of Concentrix in a research report issued on Thursday, November 20th. Barrington Research analyst V. Colicchio now expects that the company will earn $10.68 per share for the year, down from their previous forecast of $11.06. Barrington Research has a “Outperform” rating and a $62.00 price objective on the stock. The consensus estimate for Concentrix’s current full-year earnings is $10.11 per share.

CNXC has been the topic of several other research reports. Robert W. Baird dropped their target price on Concentrix from $75.00 to $62.00 and set an “outperform” rating on the stock in a research report on Monday, September 29th. Wall Street Zen raised Concentrix from a “hold” rating to a “buy” rating in a research report on Saturday, October 25th. Canaccord Genuity Group reiterated a “buy” rating and issued a $80.00 target price on shares of Concentrix in a report on Tuesday, September 23rd. Finally, Weiss Ratings raised shares of Concentrix from a “sell (d+)” rating to a “hold (c-)” rating in a research report on Wednesday, October 8th. Three analysts have rated the stock with a Buy rating and two have issued a Hold rating to the stock. According to data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average price target of $66.25.

Concentrix Stock Performance

Shares of CNXC stock opened at $35.63 on Friday. The firm has a market cap of $2.22 billion, a price-to-earnings ratio of 7.53, a PEG ratio of 0.51 and a beta of 0.49. Concentrix has a 52-week low of $31.63 and a 52-week high of $66.00. The company has a quick ratio of 1.56, a current ratio of 1.56 and a debt-to-equity ratio of 1.10. The company’s 50 day moving average is $44.52 and its 200 day moving average is $50.72.

Concentrix (NASDAQ:CNXC) last posted its quarterly earnings results on Thursday, September 25th. The company reported $2.78 EPS for the quarter, missing the consensus estimate of $2.88 by ($0.10). Concentrix had a net margin of 3.25% and a return on equity of 16.02%. The business had revenue of $2.48 billion during the quarter, compared to the consensus estimate of $2.46 billion. During the same quarter in the prior year, the firm posted $2.87 EPS. The company’s revenue for the quarter was up 4.0% compared to the same quarter last year. Concentrix has set its FY 2025 guidance at 11.110-11.230 EPS. Q4 2025 guidance at 2.850-2.960 EPS.

Institutional Inflows and Outflows

Hedge funds have recently bought and sold shares of the stock. CANADA LIFE ASSURANCE Co lifted its stake in shares of Concentrix by 7.1% during the third quarter. CANADA LIFE ASSURANCE Co now owns 36,884 shares of the company’s stock worth $1,763,000 after buying an additional 2,437 shares during the period. XTX Topco Ltd purchased a new position in Concentrix in the 3rd quarter worth $890,000. Susquehanna Fundamental Investments LLC raised its stake in Concentrix by 4.4% in the 3rd quarter. Susquehanna Fundamental Investments LLC now owns 95,502 shares of the company’s stock worth $4,407,000 after acquiring an additional 3,988 shares during the last quarter. Scientech Research LLC acquired a new stake in Concentrix during the 3rd quarter worth about $522,000. Finally, Mariner LLC grew its stake in Concentrix by 32.8% during the 3rd quarter. Mariner LLC now owns 33,129 shares of the company’s stock valued at $1,529,000 after purchasing an additional 8,191 shares during the last quarter. Institutional investors and hedge funds own 90.34% of the company’s stock.

Insider Activity

In related news, CEO Christopher A. Caldwell acquired 2,000 shares of the firm’s stock in a transaction that occurred on Thursday, October 30th. The stock was purchased at an average cost of $42.03 per share, with a total value of $84,060.00. Following the transaction, the chief executive officer directly owned 286,661 shares of the company’s stock, valued at $12,048,361.83. This trade represents a 0.70% increase in their position. The purchase was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Insiders have bought a total of 4,000 shares of company stock worth $169,410 in the last 90 days. Corporate insiders own 3.20% of the company’s stock.

Concentrix Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Tuesday, November 4th. Stockholders of record on Friday, October 24th were paid a dividend of $0.36 per share. The ex-dividend date was Friday, October 24th. This is a positive change from Concentrix’s previous quarterly dividend of $0.33. This represents a $1.44 dividend on an annualized basis and a dividend yield of 4.0%. Concentrix’s payout ratio is presently 30.44%.

Concentrix Company Profile

Concentrix Corporation engages in the provision of technology-infused customer experience (CX) solutions worldwide. The company provides CX process optimization, technology innovation, front- and back-office automation, analytics, and business transformation services, across various channels of communication, such as voice, chat, email, social media, asynchronous messaging, and custom applications.