ExlService Holdings, Inc. (NASDAQ:EXLS) Expected to Announce Quarterly Sales of $277.24 Million

Wall Street brokerages forecast that ExlService Holdings, Inc. (NASDAQ:EXLS) will announce sales of $277.24 million for the current fiscal quarter, Zacks Investment Research reports. Five analysts have provided estimates for ExlService’s earnings, with estimates ranging from $275.97 million to $281.70 million. ExlService posted sales of $241.02 million in the same quarter last year, which suggests a positive year over year growth rate of 15%. The business is expected to report its next earnings results on Thursday, November 4th.

On average, analysts expect that ExlService will report full-year sales of $1.09 billion for the current financial year, with estimates ranging from $1.09 billion to $1.10 billion. For the next financial year, analysts expect that the firm will post sales of $1.21 billion, with estimates ranging from $1.19 billion to $1.22 billion. Zacks’ sales averages are a mean average based on a survey of sell-side research firms that that provide coverage for ExlService.

ExlService (NASDAQ:EXLS) last posted its quarterly earnings data on Thursday, July 29th. The business services provider reported $1.14 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.85 by $0.29. ExlService had a net margin of 11.55% and a return on equity of 17.92%. The business had revenue of $275.06 million during the quarter, compared to analyst estimates of $260.67 million.

Several analysts recently weighed in on EXLS shares. Zacks Investment Research cut shares of ExlService from a “buy” rating to a “hold” rating in a report on Thursday, August 5th. Wedbush reaffirmed a “neutral” rating on shares of ExlService in a report on Thursday, July 29th. Finally, JPMorgan Chase & Co. raised their target price on shares of ExlService from $116.00 to $134.00 and gave the company a “neutral” rating in a report on Tuesday, August 17th. Six investment analysts have rated the stock with a hold rating and one has assigned a buy rating to the stock. According to data from MarketBeat, the company has an average rating of “Hold” and an average target price of $111.75.

In related news, Director Garen K. Staglin acquired 2,500 shares of the business’s stock in a transaction on Thursday, July 8th. The shares were bought at an average price of $107.04 per share, with a total value of $267,600.00. Following the completion of the acquisition, the director now owns 29,399 shares in the company, valued at $3,146,868.96. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. In the last three months, insiders have acquired 7,500 shares of company stock worth $807,375. 2.81% of the stock is owned by corporate insiders.

Several institutional investors have recently made changes to their positions in the company. Profund Advisors LLC increased its holdings in shares of ExlService by 2.7% in the 2nd quarter. Profund Advisors LLC now owns 3,628 shares of the business services provider’s stock valued at $386,000 after acquiring an additional 97 shares during the period. CWM Advisors LLC increased its holdings in shares of ExlService by 3.1% in the 2nd quarter. CWM Advisors LLC now owns 5,214 shares of the business services provider’s stock valued at $554,000 after acquiring an additional 158 shares during the period. Mutual of America Capital Management LLC increased its holdings in shares of ExlService by 5.9% in the 1st quarter. Mutual of America Capital Management LLC now owns 4,471 shares of the business services provider’s stock valued at $403,000 after acquiring an additional 249 shares during the period. Harel Insurance Investments & Financial Services Ltd. acquired a new position in shares of ExlService in the 2nd quarter valued at $90,000. Finally, PNC Financial Services Group Inc. grew its position in ExlService by 4.0% in the 2nd quarter. PNC Financial Services Group Inc. now owns 7,705 shares of the business services provider’s stock valued at $820,000 after buying an additional 297 shares during the last quarter. 95.97% of the stock is currently owned by institutional investors and hedge funds.

Shares of NASDAQ EXLS traded up $0.77 during midday trading on Thursday, hitting $123.49. The company’s stock had a trading volume of 166,296 shares, compared to its average volume of 157,651. The business’s fifty day simple moving average is $117.59 and its two-hundred day simple moving average is $104.85. The firm has a market capitalization of $4.10 billion, a price-to-earnings ratio of 35.90, a price-to-earnings-growth ratio of 2.58 and a beta of 0.97. ExlService has a 1 year low of $60.97 and a 1 year high of $126.23. The company has a debt-to-equity ratio of 0.19, a current ratio of 2.61 and a quick ratio of 2.61.

About ExlService

ExlService Holdings, Inc is an operations management and analytics company, which engages in providing business process management. It operates through the following segments: Insurance, Healthcare, Travel, Transportation, and Logistics, Finance and Accounting, Analytic, and All Other. The Insurance segment serves property and casualty insurance, life insurance, disability insurance, annuity, and retirement services companies.

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