WNS (Holdings) Limited (NYSE:WNS) – Research analysts at Wedbush increased their FY2018 earnings per share (EPS) estimates for WNS in a report released on Thursday, according to Zacks Investment Research. Wedbush analyst M. Katri now forecasts that the business services provider will post earnings per share of $1.72 for the year, up from their prior estimate of $1.70. Wedbush also issued estimates for WNS’s Q2 2019 earnings at $0.47 EPS, Q3 2019 earnings at $0.49 EPS, Q4 2019 earnings at $0.50 EPS and FY2019 earnings at $1.86 EPS.
WNS (NYSE:WNS) last released its quarterly earnings data on Thursday, January 18th. The business services provider reported $0.56 EPS for the quarter, beating the consensus estimate of $0.50 by $0.06. WNS had a net margin of 7.96% and a return on equity of 20.19%. The business had revenue of $185.20 million during the quarter, compared to the consensus estimate of $175.85 million. During the same quarter in the prior year, the firm earned $0.49 EPS. The business’s revenue was up 32.5% on a year-over-year basis.
Other research analysts also recently issued research reports about the stock. Barrington Research reissued a “buy” rating and set a $53.00 price objective on shares of WNS in a report on Friday, March 2nd. ValuEngine raised shares of WNS from a “hold” rating to a “buy” rating in a report on Friday, February 2nd. Cantor Fitzgerald reissued a “buy” rating and set a $52.00 price objective on shares of WNS in a report on Sunday, January 21st. SunTrust Banks increased their price target on shares of WNS to $50.00 and gave the company a “buy” rating in a report on Friday, January 19th. Finally, Loop Capital increased their price target on shares of WNS to $50.00 and gave the company a “buy” rating in a report on Friday, January 19th. Three analysts have rated the stock with a hold rating, eleven have given a buy rating and one has assigned a strong buy rating to the company. The stock has a consensus rating of “Buy” and an average price target of $48.23.
WNS (NYSE WNS) traded up $0.45 on Monday, hitting $46.31. 152,958 shares of the company’s stock traded hands, compared to its average volume of 226,470. WNS has a twelve month low of $27.43 and a twelve month high of $46.53. The company has a market cap of $2,303.33, a P/E ratio of 42.41, a PEG ratio of 1.94 and a beta of 0.88. The company has a debt-to-equity ratio of 0.16, a current ratio of 2.54 and a quick ratio of 2.54.
WNS announced that its board has authorized a share buyback program on Thursday, January 18th that permits the company to repurchase 3,300,000 outstanding shares. This repurchase authorization permits the business services provider to purchase shares of its stock through open market purchases. Shares repurchase programs are often a sign that the company’s board of directors believes its stock is undervalued.
Large investors have recently made changes to their positions in the stock. Castleark Management LLC purchased a new stake in WNS in the 4th quarter worth about $217,000. OLD National Bancorp IN purchased a new stake in WNS in the 3rd quarter worth about $202,000. Trexquant Investment LP purchased a new stake in WNS in the 3rd quarter worth about $210,000. Advisor Group Inc. raised its position in WNS by 731.2% in the 3rd quarter. Advisor Group Inc. now owns 6,417 shares of the business services provider’s stock worth $234,000 after purchasing an additional 5,645 shares during the period. Finally, BT Investment Management Ltd purchased a new stake in WNS in the 3rd quarter worth about $287,000. 86.41% of the stock is owned by hedge funds and other institutional investors.
WNS Company Profile
WNS (Holdings) Limited is a global provider of business process management (BPM) services. The Company offers data, voice, analytical and business transformation services. The Company’s segments include WNS Global BPM and WNS Auto Claims BPM. Its operating segments include travel, insurance, banking and financial services, healthcare, utilities, retail and consumer products groups, auto claims and others.
For more information about research offerings from Zacks Investment Research, visit Zacks.com
Receive News & Ratings for WNS Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for WNS and related companies with MarketBeat.com's FREE daily email newsletter.