Concentrix (NASDAQ:CNXC) Issues FY 2025 Earnings Guidance

Concentrix (NASDAQ:CNXC) updated its FY 2025 earnings guidance on Wednesday. The company provided EPS guidance of 11.180-11.770 for the period, compared to the consensus EPS estimate of 11.340. The company issued revenue guidance of $9.5 billion-$9.6 billion, compared to the consensus revenue estimate of $9.5 billion. Concentrix also updated its FY25 guidance to $11.18-11.77 EPS.

Concentrix Stock Performance

Concentrix stock opened at $45.68 on Thursday. The stock has a market cap of $2.94 billion, a price-to-earnings ratio of 12.31, a price-to-earnings-growth ratio of 0.63 and a beta of 0.69. The company has a debt-to-equity ratio of 1.17, a current ratio of 1.42 and a quick ratio of 1.42. The firm has a 50 day simple moving average of $47.58 and a 200-day simple moving average of $47.73. Concentrix has a 1-year low of $36.28 and a 1-year high of $77.00.

Concentrix (NASDAQ:CNXC) last issued its quarterly earnings data on Wednesday, March 26th. The company reported $2.79 earnings per share for the quarter, topping the consensus estimate of $2.58 by $0.21. Concentrix had a return on equity of 16.67% and a net margin of 2.61%. The company had revenue of $2.37 billion during the quarter, compared to analyst estimates of $2.37 billion. During the same period in the prior year, the business posted $2.57 earnings per share. The firm’s revenue for the quarter was down 1.3% compared to the same quarter last year. On average, analysts expect that Concentrix will post 10.11 EPS for the current year.

Concentrix Cuts Dividend

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, February 11th. Stockholders of record on Friday, January 31st were issued a $0.3328 dividend. The ex-dividend date of this dividend was Friday, January 31st. This represents a $1.33 annualized dividend and a dividend yield of 2.91%. Concentrix’s dividend payout ratio is currently 35.85%.

Analyst Ratings Changes

Several research firms recently weighed in on CNXC. Barrington Research dropped their target price on shares of Concentrix from $70.00 to $54.00 and set an “outperform” rating for the company in a report on Monday. Canaccord Genuity Group dropped their price objective on Concentrix from $100.00 to $80.00 and set a “buy” rating for the company in a research note on Thursday, January 16th. One investment analyst has rated the stock with a hold rating, four have assigned a buy rating and one has given a strong buy rating to the company’s stock. According to data from MarketBeat, the company has an average rating of “Buy” and an average price target of $71.80.

Insider Buying and Selling

In other Concentrix news, Director Kathryn Hayley purchased 500 shares of the firm’s stock in a transaction on Wednesday, January 22nd. The stock was bought at an average price of $50.22 per share, with a total value of $25,110.00. Following the transaction, the director now directly owns 3,034 shares of the company’s stock, valued at approximately $152,367.48. This represents a 19.73 % increase in their position. The purchase was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. 3.20% of the stock is owned by insiders.

About Concentrix

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.