Concentrix (NASDAQ:CNXC) Issues FY 2025 Earnings Guidance

Concentrix (NASDAQ:CNXC) issued an update on its FY 2025 earnings guidance on Wednesday morning. The company provided earnings per share guidance of 11.180-11.770 for the period, compared to the consensus earnings per share estimate of 11.970. The company issued revenue guidance of $9.5 billion-$9.6 billion, compared to the consensus revenue estimate of $9.7 billion. Concentrix also updated its FY25 guidance to $11.18-11.77 EPS.

Concentrix Price Performance

Shares of NASDAQ:CNXC opened at $48.78 on Friday. The company has a debt-to-equity ratio of 1.18, a quick ratio of 1.57 and a current ratio of 1.57. Concentrix has a one year low of $36.28 and a one year high of $106.10. The company has a 50-day simple moving average of $43.34 and a 200-day simple moving average of $54.98. The stock has a market capitalization of $3.16 billion, a price-to-earnings ratio of 15.84, a PEG ratio of 0.60 and a beta of 0.63.

Concentrix (NASDAQ:CNXC) last posted its quarterly earnings data on Wednesday, January 15th. The company reported $3.26 EPS for the quarter, beating the consensus estimate of $3.01 by $0.25. Concentrix had a return on equity of 16.57% and a net margin of 2.18%. The firm had revenue of $2.45 billion during the quarter, compared to the consensus estimate of $2.44 billion. During the same period in the prior year, the business earned $3.36 EPS. The firm’s revenue was up 9.7% compared to the same quarter last year. On average, analysts predict that Concentrix will post 10.11 EPS for the current year.

Concentrix Cuts Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, February 11th. Investors of record on Friday, January 31st will be given a $0.3328 dividend. The ex-dividend date of this dividend is Friday, January 31st. This represents a $1.33 dividend on an annualized basis and a yield of 2.73%. Concentrix’s dividend payout ratio (DPR) is 43.18%.

Wall Street Analysts Forecast Growth

Several analysts have recently commented on CNXC shares. Barrington Research reduced their target price on shares of Concentrix from $84.00 to $70.00 and set an “outperform” rating for the company in a research note on Thursday, September 26th. Bank of America reduced their price objective on shares of Concentrix from $85.00 to $70.00 and set a “neutral” rating for the company in a research report on Thursday, September 26th. Canaccord Genuity Group dropped their target price on Concentrix from $100.00 to $80.00 and set a “buy” rating on the stock in a research report on Thursday. Robert W. Baird assumed coverage on Concentrix in a report on Thursday, October 3rd. They issued an “outperform” rating and a $70.00 price target for the company. Finally, Baird R W upgraded Concentrix to a “strong-buy” rating in a research note on Thursday, October 3rd. One equities research analyst has rated the stock with a hold rating, four have assigned a buy rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat.com, the company presently has an average rating of “Buy” and a consensus target price of $75.00.

Concentrix Company Profile

Concentrix Corporation engages in the provision of technology-infused customer experience (CX) solutions worldwide. The company provides CX process optimization, technology innovation, front- and back-office automation, analytics, and business transformation services, across various channels of communication, such as voice, chat, email, social media, asynchronous messaging, and custom applications.