ExlService (NASDAQ:EXLS) Posts Quarterly Earnings Results, Beats Expectations By $0.03 EPS

ExlService (NASDAQ:EXLS) posted its earnings results on Tuesday. The business services provider reported $0.44 EPS for the quarter, topping the consensus estimate of $0.41 by $0.03, Briefing.com reports. The company had revenue of $472.07 million during the quarter, compared to the consensus estimate of $460.73 million. ExlService had a net margin of 10.61% and a return on equity of 23.23%. The company’s revenue for the quarter was up 14.9% compared to the same quarter last year. During the same period in the previous year, the firm posted $0.30 earnings per share. ExlService updated its FY24 guidance to $1.61-$1.63 EPS and its FY 2024 guidance to 1.610-1.630 EPS.

ExlService Stock Performance

Shares of NASDAQ:EXLS traded down $0.02 on Friday, hitting $41.65. 883,399 shares of the company were exchanged, compared to its average volume of 945,577. The company’s 50 day moving average price is $37.83 and its two-hundred day moving average price is $33.73. The company has a debt-to-equity ratio of 0.37, a quick ratio of 2.45 and a current ratio of 3.02. ExlService has a one year low of $26.15 and a one year high of $42.27. The firm has a market capitalization of $6.72 billion, a price-to-earnings ratio of 36.39, a PEG ratio of 2.19 and a beta of 1.00.

Insider Transactions at ExlService

In other ExlService news, insider Vivek Jetley sold 2,015 shares of the stock in a transaction on Thursday, August 15th. The stock was sold at an average price of $35.75, for a total transaction of $72,036.25. Following the completion of the transaction, the insider now directly owns 326,642 shares in the company, valued at $11,677,451.50. This represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. In related news, insider Vikas Bhalla sold 11,190 shares of the firm’s stock in a transaction on Monday, August 12th. The stock was sold at an average price of $34.25, for a total transaction of $383,257.50. Following the completion of the sale, the insider now directly owns 100,866 shares of the company’s stock, valued at $3,454,660.50. This trade represents a 0.00 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, insider Vivek Jetley sold 2,015 shares of the business’s stock in a transaction on Thursday, August 15th. The stock was sold at an average price of $35.75, for a total value of $72,036.25. Following the completion of the transaction, the insider now directly owns 326,642 shares in the company, valued at approximately $11,677,451.50. This represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders have sold 134,875 shares of company stock valued at $4,716,859. 4.16% of the stock is owned by corporate insiders.

Analyst Upgrades and Downgrades

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

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.