Concentrix Corporation (CNXC) To Go Ex-Dividend on October 23rd

Concentrix Corporation (NASDAQ:CNXC) declared a quarterly dividend on Tuesday, September 29th. Shareholders of record on Friday, October 23rd will be paid a dividend of $0.37 per share on Tuesday, November 3rd. This represents a $1.48 annualized dividend and a yield of 5.1%. The ex-dividend date is Friday, October 23rd. This is a 2.8% increase from Concentrix’s previous quarterly dividend of $0.36.

Concentrix has a dividend payout ratio of 11.6% indicating that its dividend is sufficiently covered by earnings. Equities analysts expect Concentrix to earn $10.21 per share next year, which means the company should continue to be able to cover its $1.48 annual dividend with an expected future payout ratio of 14.5%.

Concentrix Trading Up 3.6%

Shares of CNXC opened at $29.25 on Wednesday. Concentrix has a twelve month low of $19.12 and a twelve month high of $48.08. The company has a current ratio of 1.23, a quick ratio of 1.23 and a debt-to-equity ratio of 2.22. The firm has a market capitalization of $1.79 billion, a P/E ratio of -0.75, a PEG ratio of 0.54 and a beta of 0.52. The firm’s 50-day moving average is $27.51 and its two-hundred day moving average is $26.23.

Concentrix (NASDAQ:CNXC) last issued its quarterly earnings data on Tuesday, September 29th. The company reported $2.92 earnings per share for the quarter, topping analysts’ consensus estimates of $2.71 by $0.21. The business had revenue of $2.45 billion during the quarter, compared to analysts’ expectations of $2.48 billion. Concentrix had a negative net margin of 23.99% and a positive return on equity of 25.00%. The company’s revenue was down 1.2% on a year-over-year basis. During the same period last year, the company posted $2.78 EPS. Concentrix has set its FY 2026 guidance at 10.970-11.090 EPS and its Q4 2026 guidance at 2.860-2.980 EPS. On average, research analysts predict that Concentrix will post 9.77 earnings per share for the current fiscal year.

Analyst Ratings Changes

A number of brokerages have weighed in on CNXC. Bank of America restated a “neutral” rating and set a $29.00 price objective on shares of Concentrix in a research note on Thursday, October 1st. Zacks Research raised Concentrix from a “strong sell” rating to a “hold” rating in a research report on Monday, August 31st. Weiss Ratings reaffirmed a “sell (d)” rating on shares of Concentrix in a research report on Friday, July 24th. Barrington Research reduced their target price on Concentrix from $38.00 to $30.00 and set an “outperform” rating for the company in a research note on Tuesday, June 30th. Finally, Robert W. Baird decreased their price target on shares of Concentrix from $40.00 to $30.00 and set an “outperform” rating for the company in a research report on Tuesday, June 30th. Three analysts have rated the stock with a Buy rating, two have given a Hold rating and one has issued a Sell rating to the stock. According to data from MarketBeat, the stock has a consensus rating of “Hold” and an average price target of $33.50.

Concentrix Company Profile

Concentrix Corporation (NASDAQ: CNXC) is a global technology and services company that helps businesses improve customer engagement and operational performance. Its offerings include customer experience management, digital operations, business process services, consulting, analytics, artificial intelligence, automation, and technology solutions.

The company supports customer care, technical support, sales, marketing, trust and safety, and back-office functions. Concentrix serves organizations across industries such as technology and electronics, retail, banking and financial services, healthcare, travel and transportation, communications and media, and automotive.

Concentrix operates across North America, Europe, Asia-Pacific, Latin America, the Middle East, and Africa.