ExlService (NASDAQ:EXLS) Posts Earnings Results, Beats Estimates By $0.03 EPS

ExlService (NASDAQ:EXLS) released its earnings results on Tuesday. The business services provider reported $0.44 EPS for the quarter, topping analysts’ consensus estimates of $0.41 by $0.03, Briefing.com reports. ExlService had a net margin of 10.61% and a return on equity of 23.23%. The company had revenue of $472.07 million for the quarter, compared to analysts’ expectations of $460.73 million. During the same quarter last year, the business earned $0.30 EPS. The firm’s revenue was up 14.9% compared to the same quarter last year. ExlService updated its FY24 guidance to $1.61-$1.63 EPS and its FY 2024 guidance to 1.610-1.630 EPS.

ExlService Price Performance

Shares of ExlService stock traded down $0.16 during trading hours on Friday, reaching $41.51. The company’s stock had a trading volume of 480,112 shares, compared to its average volume of 945,061. The firm has a 50 day moving average price of $37.83 and a 200-day moving average price of $33.73. The company has a debt-to-equity ratio of 0.37, a current ratio of 3.02 and a quick ratio of 2.45. The stock has a market cap of $6.70 billion, a P/E ratio of 36.39, a P/E/G ratio of 2.19 and a beta of 1.00. ExlService has a one year low of $26.15 and a one year high of $42.27.

Insider Activity at ExlService

In other ExlService news, EVP Ajay Ayyappan sold 21,000 shares of the company’s stock in a transaction that occurred on Wednesday, August 7th. The stock was sold at an average price of $34.38, for a total transaction of $721,980.00. Following the sale, the executive vice president now directly owns 29,909 shares in the company, valued at $1,028,271.42. This represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at this link. In other news, EVP Ajay Ayyappan sold 21,000 shares of ExlService stock in a transaction that occurred on Wednesday, August 7th. The stock was sold at an average price of $34.38, for a total value of $721,980.00. Following the completion of the transaction, the executive vice president now owns 29,909 shares in the company, valued at approximately $1,028,271.42. The trade was a 0.00 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CEO Rohit Kapoor sold 35,000 shares of the stock in a transaction on Thursday, August 29th. The shares were sold at an average price of $36.18, for a total value of $1,266,300.00. Following the sale, the chief executive officer now owns 1,424,588 shares in the company, valued at $51,541,593.84. The trade was a 0.00 % decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders sold 134,875 shares of company stock valued at $4,716,859. Insiders own 4.16% of the company’s stock.

Wall Street Analyst Weigh In

EXLS has been the topic of several recent analyst reports. Citigroup raised their price objective on shares of ExlService from $38.00 to $46.00 and gave the company a “buy” rating in a research report on Monday, October 14th. Robert W. Baird raised their price target on ExlService from $40.00 to $44.00 and gave the company a “neutral” rating in a report on Thursday. Jefferies Financial Group raised ExlService from a “hold” rating to a “buy” rating and upped their price objective for the stock from $35.00 to $42.00 in a research note on Monday, September 9th. Needham & Company LLC lifted their target price on ExlService from $40.00 to $50.00 and gave the company a “buy” rating in a research note on Thursday. Finally, JPMorgan Chase & Co. lifted their price objective on shares of ExlService from $38.00 to $41.00 and gave the company an “overweight” rating in a research report on Friday, September 6th. Two equities research analysts have rated the stock with a hold rating and six have issued a buy rating to the company’s stock. According to data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average target price of $42.86.

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.