ExlService (NASDAQ:EXLS) Issues FY24 Earnings Guidance

ExlService (NASDAQ:EXLS) updated its FY24 earnings guidance on Tuesday. The company provided EPS guidance of $1.61-$1.63 for the period, compared to the consensus EPS estimate of $1.62. The company issued revenue guidance of $1.825-$1.835 billion, compared to the consensus revenue estimate of $1.82 billion. ExlService also updated its FY 2024 guidance to 1.610-1.630 EPS.

Analysts Set New Price Targets

A number of equities research analysts recently weighed in on the stock. Robert W. Baird boosted their price objective on shares of ExlService from $40.00 to $44.00 and gave the company a “neutral” rating in a research report on Thursday. Jefferies Financial Group raised shares of ExlService from a “hold” rating to a “buy” rating and boosted their price objective for the company from $35.00 to $42.00 in a research report on Monday, September 9th. Citigroup boosted their price objective on shares of ExlService from $38.00 to $46.00 and gave the company a “buy” rating in a research report on Monday, October 14th. Needham & Company LLC boosted their price objective on shares of ExlService from $40.00 to $50.00 and gave the company a “buy” rating in a research report on Thursday. Finally, JPMorgan Chase & Co. boosted their price objective on shares of ExlService from $38.00 to $41.00 and gave the company an “overweight” rating in a research report on Friday, September 6th. Two analysts have rated the stock with a hold rating and six have given a buy rating to the company. Based on data from MarketBeat.com, ExlService has a consensus rating of “Moderate Buy” and an average target price of $42.86.

ExlService Stock Performance

NASDAQ EXLS traded down $0.21 on Friday, hitting $41.46. The stock had a trading volume of 202,720 shares, compared to its average volume of 943,851. ExlService has a one year low of $26.15 and a one year high of $42.27. The company has a quick ratio of 2.45, a current ratio of 3.02 and a debt-to-equity ratio of 0.37. The stock has a market cap of $6.69 billion, a price-to-earnings ratio of 36.39, a P/E/G ratio of 2.19 and a beta of 1.00. The company’s 50-day moving average is $37.83 and its two-hundred day moving average is $33.73.

ExlService (NASDAQ:EXLS) last issued its quarterly earnings results on Tuesday, October 29th. The business services provider reported $0.44 earnings per share for the quarter, topping analysts’ consensus estimates of $0.41 by $0.03. The company had revenue of $472.07 million during the quarter, compared to analyst estimates of $460.73 million. ExlService had a net margin of 10.61% and a return on equity of 23.23%. The business’s revenue for the quarter was up 14.9% compared to the same quarter last year. During the same period in the prior year, the business posted $0.30 EPS. On average, analysts expect that ExlService will post 1.28 earnings per share for the current year.

Insider Activity at ExlService

In related news, CEO Rohit Kapoor sold 35,000 shares of the stock in a transaction that occurred on Thursday, August 29th. The shares were sold at an average price of $36.18, for a total transaction of $1,266,300.00. Following the completion of the sale, the chief executive officer now directly owns 1,424,588 shares of the company’s stock, valued at $51,541,593.84. This represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. In related news, CEO Rohit Kapoor sold 35,000 shares of the company’s stock in a transaction that occurred on Thursday, August 29th. The shares were sold at an average price of $36.18, for a total value of $1,266,300.00. Following the completion of the sale, the chief executive officer now owns 1,424,588 shares in the company, valued at approximately $51,541,593.84. This represents a 0.00 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, insider Vikas Bhalla sold 11,190 shares of the company’s stock in a transaction that occurred on Monday, August 12th. The shares were sold at an average price of $34.25, for a total transaction of $383,257.50. Following the completion of the transaction, the insider now owns 100,866 shares in the company, valued at approximately $3,454,660.50. This represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 134,875 shares of company stock valued at $4,716,859 over the last ninety days. Insiders own 4.16% of the company’s stock.

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.