ExlService (EXLS) Set to Announce Quarterly Earnings on Thursday

ExlService (NASDAQ:EXLS) will be releasing its earnings data before the market opens on Thursday, May 2nd. Analysts expect ExlService to post earnings of $0.36 per share for the quarter. ExlService has set its FY 2024 guidance at 1.560-1.620 EPS and its FY24 guidance at $1.56-1.62 EPS.Persons that wish to register for the company’s earnings conference call can do so using this link.

ExlService (NASDAQ:EXLS) last released its quarterly earnings data on Thursday, February 29th. The business services provider reported $0.26 earnings per share for the quarter, missing the consensus estimate of $0.27 by ($0.01). The firm had revenue of $414.06 million for the quarter, compared to analyst estimates of $408.56 million. ExlService had a return on equity of 22.83% and a net margin of 11.32%. On average, analysts expect ExlService to post $1 EPS for the current fiscal year and $2 EPS for the next fiscal year.

ExlService Stock Down 0.2 %

ExlService stock opened at $29.57 on Thursday. ExlService has a fifty-two week low of $25.17 and a fifty-two week high of $35.94. The firm has a market capitalization of $4.90 billion, a PE ratio of 27.13, a P/E/G ratio of 1.54 and a beta of 0.97. The company’s 50-day moving average is $30.72 and its 200-day moving average is $29.83. The company has a debt-to-equity ratio of 0.15, a current ratio of 2.08 and a quick ratio of 2.08.

Analyst Upgrades and Downgrades

A number of research analysts have issued reports on the stock. Needham & Company LLC restated a “buy” rating and set a $40.00 target price on shares of ExlService in a research report on Friday, March 1st. TD Cowen increased their price objective on shares of ExlService from $36.00 to $37.00 and gave the company an “outperform” rating in a research note on Tuesday, April 2nd. Citigroup decreased their price target on shares of ExlService from $38.00 to $37.00 and set a “buy” rating for the company in a research report on Monday. Finally, StockNews.com cut shares of ExlService from a “buy” rating to a “hold” rating in a research report on Thursday, February 29th. Three analysts have rated the stock with a hold rating and four have assigned a buy rating to the stock. According to MarketBeat, ExlService has an average rating of “Moderate Buy” and an average target price of $36.14.

Insider Transactions at ExlService

In other news, EVP Vikas Bhalla sold 23,760 shares of the stock in a transaction on Wednesday, March 6th. The shares were sold at an average price of $31.51, for a total value of $748,677.60. Following the transaction, the executive vice president now owns 127,046 shares of the company’s stock, valued at approximately $4,003,219.46. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. In other ExlService news, EVP Ajay Ayyappan sold 9,259 shares of the stock in a transaction on Tuesday, March 12th. The shares were sold at an average price of $31.59, for a total transaction of $292,491.81. Following the completion of the sale, the executive vice president now owns 50,693 shares of the company’s stock, valued at approximately $1,601,391.87. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, EVP Vikas Bhalla sold 23,760 shares of the firm’s stock in a transaction dated Wednesday, March 6th. The stock was sold at an average price of $31.51, for a total transaction of $748,677.60. Following the completion of the sale, the executive vice president now directly owns 127,046 shares of the company’s stock, valued at $4,003,219.46. The disclosure for this sale can be found here. 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.