IBEX (NASDAQ:IBEX) Releases Quarterly Earnings Results, Beats Estimates By $0.02 EPS

IBEX (NASDAQ:IBEX) released its quarterly earnings results on Thursday. The company reported $0.51 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.49 by $0.02, Zacks reports. IBEX had a return on equity of 23.13% and a net margin of 7.08%. IBEX updated its FY 2025 guidance to EPS.

IBEX Stock Performance

NASDAQ:IBEX opened at $24.49 on Friday. The stock has a 50-day simple moving average of $21.29 and a two-hundred day simple moving average of $19.35. IBEX has a 52-week low of $13.00 and a 52-week high of $25.03. The firm has a market capitalization of $410.45 million, a PE ratio of 11.50 and a beta of 0.78.

Insider Activity

In related news, major shareholder Gem G.P. L.P. Pinebridge II sold 78,728 shares of IBEX stock in a transaction on Wednesday, November 20th. The shares were sold at an average price of $20.12, for a total transaction of $1,584,007.36. Following the transaction, the insider now owns 1,641,011 shares in the company, valued at approximately $33,017,141.32. The trade was a 4.58 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, Director Group International L. Resource sold 54,517 shares of the company’s stock in a transaction on Monday, November 11th. The stock was sold at an average price of $20.01, for a total transaction of $1,090,885.17. Following the completion of the transaction, the director now directly owns 5,293,915 shares of the company’s stock, valued at $105,931,239.15. This represents a 1.02 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 352,525 shares of company stock valued at $7,245,038 in the last ninety days. Corporate insiders own 6.72% of the company’s stock.

Wall Street Analyst Weigh In

IBEX has been the topic of several research reports. Robert W. Baird raised their target price on IBEX from $23.00 to $26.00 and gave the stock an “outperform” rating in a research report on Friday, November 8th. Royal Bank of Canada raised their price objective on shares of IBEX from $21.00 to $24.00 and gave the stock a “sector perform” rating in a report on Friday. Two equities research analysts have rated the stock with a hold rating and two have issued a buy rating to the company. According to MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $22.25.

IBEX Company Profile

IBEX Limited provides end-to-end technology-enabled customer lifecycle experience solutions in the United States and internationally. The company products and services portfolio includes ibex Connect, that offers customer service, technical support, revenue generation, and other revenue generation outsourced back-office services through the CX model, which integrates voice, email, chat, SMS, social media, and other communication applications; ibex Digital, a customer acquisition solution that comprises digital marketing, e-commerce technology, and platform solutions; and ibex CX, a customer experience solution, which provides a suite of proprietary software tools to measure, monitor, and manage its clients' customer experience.