IBEX (NASDAQ:IBEX) Issues Quarterly Earnings Results

IBEX (NASDAQ:IBEX) announced its quarterly earnings data on Thursday. The company reported $0.51 earnings per share for the quarter, beating the consensus estimate of $0.49 by $0.02, Zacks reports. IBEX had a return on equity of 22.54% and a net margin of 6.57%. IBEX updated its FY 2025 guidance to EPS.

IBEX Stock Performance

Shares of IBEX stock traded down $0.15 during trading on Thursday, reaching $22.09. 55,861 shares of the company’s stock were exchanged, compared to its average volume of 117,140. IBEX has a 1-year low of $13.00 and a 1-year high of $22.67. The company has a market cap of $370.23 million, a P/E ratio of 11.69 and a beta of 0.78. The firm’s 50-day moving average price is $21.18 and its 200 day moving average price is $19.28.

Wall Street Analysts Forecast Growth

Separately, Robert W. Baird boosted their price target on IBEX from $23.00 to $26.00 and gave the stock an “outperform” rating in a report on Friday, November 8th. Two equities research analysts have rated the stock with a hold rating and two have given a buy rating to the stock. According to data from MarketBeat.com, IBEX presently has an average rating of “Moderate Buy” and a consensus price target of $21.25.

Insider Transactions at IBEX

In other IBEX news, CEO Robert Thomas Dechant sold 3,008 shares of the company’s stock in a transaction dated Monday, January 27th. The stock was sold at an average price of $22.50, for a total value of $67,680.00. Following the completion of the transaction, the chief executive officer now owns 223,633 shares of the company’s stock, valued at $5,031,742.50. This represents a 1.33 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, Director Mohammedulla Khaishgi sold 4,626 shares of the company’s stock in a transaction dated Monday, January 27th. The stock was sold at an average price of $22.50, for a total value of $104,085.00. Following the completion of the transaction, the director now directly owns 216,718 shares of the company’s stock, valued at approximately $4,876,155. The trade was a 2.09 % decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders sold 328,415 shares of company stock valued at $6,670,233. Corporate insiders own 6.72% of the company’s stock.

IBEX Company Profile

IBEX Limited provides end-to-end technology-enabled customer lifecycle experience solutions in the United States and internationally. The company products and services portfolio includes ibex Connect, that offers customer service, technical support, revenue generation, and other revenue generation outsourced back-office services through the CX model, which integrates voice, email, chat, SMS, social media, and other communication applications; ibex Digital, a customer acquisition solution that comprises digital marketing, e-commerce technology, and platform solutions; and ibex CX, a customer experience solution, which provides a suite of proprietary software tools to measure, monitor, and manage its clients' customer experience.