Zacks: Analysts Expect ExlService Holdings, Inc. (EXLS) to Post $0.65 EPS

Equities analysts forecast that ExlService Holdings, Inc. (NASDAQ:EXLS) will post earnings of $0.65 per share for the current fiscal quarter, according to Zacks Investment Research. Seven analysts have issued estimates for ExlService’s earnings, with estimates ranging from $0.64 to $0.68. ExlService posted earnings of $0.70 per share in the same quarter last year, which indicates a negative year over year growth rate of 7.1%. The business is expected to report its next earnings report on Thursday, July 26th.

According to Zacks, analysts expect that ExlService will report full year earnings of $2.76 per share for the current financial year, with EPS estimates ranging from $2.74 to $2.79. For the next year, analysts expect that the business will post earnings of $3.03 per share, with EPS estimates ranging from $2.94 to $3.09. Zacks’ earnings per share averages are an average based on a survey of sell-side research firms that cover ExlService.

ExlService (NASDAQ:EXLS) last released its quarterly earnings results on Tuesday, May 1st. The business services provider reported $0.64 earnings per share (EPS) for the quarter, meeting the Zacks’ consensus estimate of $0.64. The company had revenue of $206.97 million for the quarter, compared to the consensus estimate of $203.78 million. ExlService had a net margin of 7.03% and a return on equity of 15.05%. ExlService’s revenue was up 13.1% on a year-over-year basis. During the same quarter in the prior year, the firm earned $0.60 earnings per share.

A number of equities research analysts recently issued reports on the stock. BidaskClub downgraded shares of ExlService from a “buy” rating to a “hold” rating in a research note on Wednesday. Zacks Investment Research downgraded shares of ExlService from a “hold” rating to a “sell” rating in a research note on Tuesday. Barrington Research set a $70.00 target price on shares of ExlService and gave the company a “buy” rating in a research note on Tuesday, May 1st. Cowen downgraded shares of ExlService from an “outperform” rating to a “market perform” rating in a research note on Thursday, March 1st. Finally, SunTrust Banks raised shares of ExlService from a “hold” rating to a “buy” rating and set a $50.00 target price on the stock in a research note on Friday, June 1st. Two investment analysts have rated the stock with a sell rating, five have given a hold rating and seven have assigned a buy rating to the company. ExlService currently has a consensus rating of “Hold” and a consensus price target of $62.64.

ExlService traded up $0.32, reaching $59.25, during mid-day trading on Friday, Marketbeat reports. 281,359 shares of the company’s stock traded hands, compared to its average volume of 141,125. The company has a market cap of $2.03 billion, a price-to-earnings ratio of 23.51, a PEG ratio of 2.01 and a beta of 1.16. The company has a quick ratio of 4.15, a current ratio of 4.15 and a debt-to-equity ratio of 0.11. ExlService has a 12-month low of $51.89 and a 12-month high of $64.34.

In other news, CEO Rohit Kapoor sold 1,200 shares of the stock in a transaction on Wednesday, April 18th. The shares were sold at an average price of $59.95, for a total value of $71,940.00. The sale was disclosed in a filing with the SEC, which is available at this link. Also, CFO Vishal Chhibbar sold 3,000 shares of the stock in a transaction on Friday, March 16th. The shares were sold at an average price of $59.62, for a total transaction of $178,860.00. Following the completion of the sale, the chief financial officer now directly owns 14,361 shares in the company, valued at approximately $856,202.82. The disclosure for this sale can be found here. In the last three months, insiders sold 6,380 shares of company stock worth $375,865. Insiders own 4.40% of the company’s stock.

Hedge funds have recently bought and sold shares of the stock. LS Investment Advisors LLC increased its stake in ExlService by 110.6% in the 4th quarter. LS Investment Advisors LLC now owns 2,414 shares of the business services provider’s stock worth $146,000 after buying an additional 1,268 shares during the period. Schwab Charles Investment Management Inc. increased its stake in ExlService by 13.0% in the 4th quarter. Schwab Charles Investment Management Inc. now owns 181,289 shares of the business services provider’s stock worth $10,941,000 after buying an additional 20,880 shares during the period. Capital Fund Management S.A. increased its stake in ExlService by 46.7% in the 4th quarter. Capital Fund Management S.A. now owns 6,600 shares of the business services provider’s stock worth $398,000 after buying an additional 2,100 shares during the period. Teacher Retirement System of Texas purchased a new position in ExlService in the 4th quarter worth about $698,000. Finally, Bank of Montreal Can increased its stake in ExlService by 71.0% in the 4th quarter. Bank of Montreal Can now owns 7,898 shares of the business services provider’s stock worth $477,000 after buying an additional 3,278 shares during the period. 90.77% of the stock is currently owned by institutional investors.

ExlService Company Profile

ExlService Holdings, Inc provides operations management and analytics services in the United States, the United Kingdom, and internationally. The company offers business process management (BPM) services to the insurance industry in the areas of claims processing, subrogation, premium and benefit administration, agency management, account reconciliation, policy research, underwriting support, new business processing, policy servicing, premium audit, surveys, billing and collection, commercial and residential survey, and customer services.

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Earnings History and Estimates for ExlService (NASDAQ:EXLS)

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