ExlService (EXLS) to Release Quarterly Earnings on Thursday

ExlService (NASDAQ:EXLS) will be announcing its earnings results before the market opens on Thursday, May 2nd. Analysts expect the company to announce earnings of $0.36 per share for the quarter. ExlService has set its FY 2024 guidance at 1.560-1.620 EPS and its FY24 guidance at $1.56-1.62 EPS.Parties that are interested in participating in the company’s conference call can do so using this link.

ExlService (NASDAQ:EXLS) last posted its quarterly earnings data on Thursday, February 29th. The business services provider reported $0.26 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.27 by ($0.01). ExlService had a return on equity of 22.83% and a net margin of 11.32%. The firm had revenue of $414.06 million during the quarter, compared to analysts’ expectations of $408.56 million. On average, analysts expect ExlService to post $1 EPS for the current fiscal year and $2 EPS for the next fiscal year.

ExlService Price Performance

EXLS opened at $29.48 on Tuesday. The stock has a 50-day moving average price of $30.62 and a 200-day moving average price of $29.83. ExlService has a 12-month low of $25.17 and a 12-month high of $35.94. The company has a current ratio of 2.08, a quick ratio of 2.08 and a debt-to-equity ratio of 0.15. The stock has a market capitalization of $4.89 billion, a P/E ratio of 26.95, a PEG ratio of 1.53 and a beta of 0.97.

Insider Activity at ExlService

In other news, EVP Vikas Bhalla sold 23,760 shares of ExlService stock in a transaction dated Wednesday, March 6th. The stock was sold at an average price of $31.51, for a total transaction of $748,677.60. Following the transaction, the executive vice president now directly owns 127,046 shares of the company’s stock, valued at approximately $4,003,219.46. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. In related news, EVP Vikas Bhalla sold 23,760 shares of the stock in a transaction dated Wednesday, March 6th. The shares were sold at an average price of $31.51, for a total value of $748,677.60. Following the completion of the transaction, the executive vice president now owns 127,046 shares of the company’s stock, valued at approximately $4,003,219.46. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, EVP Ajay Ayyappan sold 9,259 shares of the stock in a transaction dated Tuesday, March 12th. The shares were sold at an average price of $31.59, for a total transaction of $292,491.81. Following the completion of the transaction, the executive vice president now directly owns 50,693 shares of the company’s stock, valued at approximately $1,601,391.87. The disclosure for this sale can be found here. 3.75% of the stock is currently owned by company insiders.

Analysts Set New Price Targets

EXLS has been the subject of a number of research reports. TD Cowen upped their price objective on ExlService from $36.00 to $37.00 and gave the stock an “outperform” rating in a report on Tuesday, April 2nd. Needham & Company LLC restated a “buy” rating and set a $40.00 target price on shares of ExlService in a report on Friday, March 1st. StockNews.com cut ExlService from a “buy” rating to a “hold” rating in a report on Thursday, February 29th. Finally, Citigroup dropped their target price on ExlService from $38.00 to $37.00 and set a “buy” rating for the company in a report on Monday, April 22nd. Three research analysts have rated the stock with a hold rating and four have given a buy rating to the company. According to MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus target price of $36.14.

ExlService Company Profile

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.