ExlService Holdings, Inc. (EXLS) Expected to Announce Earnings of $0.73 Per Share

Analysts expect ExlService Holdings, Inc. (NASDAQ:EXLS) to announce earnings per share of $0.73 for the current fiscal quarter, Zacks reports. Eight analysts have provided estimates for ExlService’s earnings. The highest EPS estimate is $0.74 and the lowest is $0.71. ExlService posted earnings per share of $0.67 in the same quarter last year, which would suggest a positive year-over-year growth rate of 9%. The business is expected to issue its next quarterly earnings report on Tuesday, February 26th.

On average, analysts expect that ExlService will report full-year earnings of $2.76 per share for the current year, with EPS estimates ranging from $2.73 to $2.79. For the next year, analysts forecast that the business will post earnings of $3.07 per share, with EPS estimates ranging from $2.96 to $3.15. Zacks’ earnings per share averages are a mean average based on a survey of research firms that follow ExlService.

ExlService (NASDAQ:EXLS) last posted its earnings results on Thursday, November 1st. The business services provider reported $0.71 earnings per share (EPS) for the quarter, meeting analysts’ consensus estimates of $0.71. The company had revenue of $231.12 million for the quarter, compared to analysts’ expectations of $231.49 million. ExlService had a return on equity of 13.96% and a net margin of 5.14%. The firm’s quarterly revenue was up 20.2% compared to the same quarter last year. During the same period last year, the business posted $0.69 earnings per share.

A number of research firms have issued reports on EXLS. Barrington Research set a $70.00 target price on ExlService and gave the company a “buy” rating in a research note on Tuesday, July 31st. BidaskClub upgraded ExlService from a “hold” rating to a “buy” rating in a research note on Wednesday, October 24th. ValuEngine upgraded ExlService from a “hold” rating to a “buy” rating in a research note on Wednesday, July 11th. Finally, Zacks Investment Research upgraded ExlService from a “sell” rating to a “hold” rating in a research note on Monday, October 15th. Two investment analysts have rated the stock with a hold rating and seven have issued a buy rating to the company’s stock. The company presently has a consensus rating of “Buy” and a consensus price target of $65.20.

In related news, Director Garen K. Staglin sold 5,631 shares of ExlService stock in a transaction dated Monday, September 10th. The shares were sold at an average price of $64.18, for a total transaction of $361,397.58. Following the sale, the director now directly owns 24,477 shares in the company, valued at $1,570,933.86. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Also, CEO Rohit Kapoor sold 2,687 shares of ExlService stock in a transaction dated Monday, October 1st. The shares were sold at an average price of $66.50, for a total transaction of $178,685.50. Following the sale, the chief executive officer now owns 219,664 shares in the company, valued at $14,607,656. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 104,233 shares of company stock worth $6,727,414. Company insiders own 4.40% of the company’s stock.

Several hedge funds and other institutional investors have recently modified their holdings of the stock. BlackRock Inc. raised its stake in shares of ExlService by 9.6% during the second quarter. BlackRock Inc. now owns 4,711,882 shares of the business services provider’s stock valued at $266,739,000 after purchasing an additional 411,745 shares in the last quarter. FMR LLC raised its stake in shares of ExlService by 1.9% during the second quarter. FMR LLC now owns 3,160,692 shares of the business services provider’s stock valued at $178,926,000 after purchasing an additional 58,039 shares in the last quarter. Dimensional Fund Advisors LP raised its stake in shares of ExlService by 1.8% during the second quarter. Dimensional Fund Advisors LP now owns 1,193,297 shares of the business services provider’s stock valued at $67,553,000 after purchasing an additional 20,917 shares in the last quarter. Macquarie Group Ltd. raised its stake in shares of ExlService by 11.3% during the second quarter. Macquarie Group Ltd. now owns 832,537 shares of the business services provider’s stock valued at $47,130,000 after purchasing an additional 84,541 shares in the last quarter. Finally, Janus Henderson Group PLC raised its stake in shares of ExlService by 5.0% during the second quarter. Janus Henderson Group PLC now owns 572,708 shares of the business services provider’s stock valued at $32,421,000 after purchasing an additional 27,518 shares in the last quarter. Institutional investors and hedge funds own 91.51% of the company’s stock.

EXLS stock traded down $3.21 during mid-day trading on Thursday, reaching $58.79. The company had a trading volume of 279,034 shares, compared to its average volume of 169,764. The company has a debt-to-equity ratio of 0.50, a quick ratio of 3.57 and a current ratio of 3.28. The stock has a market capitalization of $2.02 billion, a price-to-earnings ratio of 23.33, a PEG ratio of 2.04 and a beta of 1.23. ExlService has a one year low of $52.52 and a one year high of $67.06.

ExlService Company Profile

ExlService Holdings, Inc provides operations management and analytics services in the United States, the United Kingdom, and internationally. The company offers business process management (BPM) services to the insurance industry in the areas of claims processing, subrogation, premium and benefit administration, agency management, account reconciliation, policy research, underwriting support, new business processing, policy servicing, premium audit, surveys, billing and collection, commercial and residential survey, and customer services.

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