ExlService (NASDAQ:EXLS) Issues FY 2024 Earnings Guidance

ExlService (NASDAQ:EXLS) updated its FY 2024 earnings guidance on Tuesday. The company provided earnings per share guidance of 1.610-1.630 for the period, compared to the consensus earnings per share estimate of 1.620. The company issued revenue guidance of $1.8 billion-$1.8 billion, compared to the consensus revenue estimate of $1.8 billion. ExlService also updated its FY24 guidance to $1.61-$1.63 EPS.

Analyst Upgrades and Downgrades

EXLS has been the subject of several recent analyst reports. Citigroup upped their target price on shares of ExlService from $38.00 to $46.00 and gave the stock a “buy” rating in a report on Monday, October 14th. Needham & Company LLC reaffirmed a “buy” rating and issued a $40.00 price objective on shares of ExlService in a research note on Friday, August 2nd. Robert W. Baird increased their target price on ExlService from $35.00 to $40.00 and gave the stock a “neutral” rating in a research report on Thursday, October 10th. Jefferies Financial Group raised ExlService from a “hold” rating to a “buy” rating and boosted their price target for the stock from $35.00 to $42.00 in a report on Monday, September 9th. Finally, JPMorgan Chase & Co. upped their price target on ExlService from $38.00 to $41.00 and gave the stock an “overweight” rating in a research note on Friday, September 6th. Two investment analysts have rated the stock with a hold rating and six have issued a buy rating to the company. According to MarketBeat, ExlService has an average rating of “Moderate Buy” and a consensus target price of $40.86.

ExlService Price Performance

Shares of NASDAQ:EXLS traded up $0.28 during mid-day trading on Tuesday, reaching $39.02. The stock had a trading volume of 838,947 shares, compared to its average volume of 939,580. The company has a market cap of $6.54 billion, a P/E ratio of 36.14, a price-to-earnings-growth ratio of 2.07 and a beta of 1.00. The business’s 50 day moving average price is $37.52 and its 200 day moving average price is $33.55. The company has a current ratio of 2.45, a quick ratio of 2.45 and a debt-to-equity ratio of 0.30. ExlService has a 1 year low of $25.34 and a 1 year high of $40.77.

ExlService (NASDAQ:EXLS) last issued its quarterly earnings data on Thursday, August 1st. The business services provider reported $0.40 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.39 by $0.01. ExlService had a return on equity of 22.92% and a net margin of 10.45%. The business had revenue of $448.40 million for the quarter, compared to analysts’ expectations of $444.61 million. During the same period in the prior year, the firm earned $0.31 EPS. The company’s revenue for the quarter was up 10.7% on a year-over-year basis. Research analysts expect that ExlService will post 1.28 EPS for the current fiscal year.

Insider Buying and Selling at ExlService

In other news, insider Vikas Bhalla sold 11,190 shares of the business’s stock in a transaction dated Monday, August 12th. The shares were sold at an average price of $34.25, for a total value of $383,257.50. Following the sale, the insider now directly owns 100,866 shares in the company, valued at $3,454,660.50. The trade was a 0.00 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. In related news, CEO Rohit Kapoor sold 40,000 shares of the stock in a transaction on Thursday, August 8th. The stock was sold at an average price of $34.05, for a total transaction of $1,362,000.00. Following the sale, the chief executive officer now owns 1,509,588 shares in the company, valued at approximately $51,401,471.40. This represents a 0.00 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, insider Vikas Bhalla sold 11,190 shares of ExlService stock in a transaction on Monday, August 12th. The stock was sold at an average price of $34.25, for a total transaction of $383,257.50. Following the transaction, the insider now directly owns 100,866 shares of the company’s stock, valued at $3,454,660.50. The trade was a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 134,875 shares of company stock worth $4,716,859 over the last 90 days. 3.75% of the stock is owned by insiders.

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.