ExlService (NASDAQ:EXLS) Posts Quarterly Earnings Results, Beats Estimates By $0.01 EPS

ExlService (NASDAQ:EXLS) posted its earnings results on Thursday. The business services provider reported $0.40 EPS for the quarter, beating the consensus estimate of $0.39 by $0.01, Briefing.com reports. The company had revenue of $448.40 million for the quarter, compared to the consensus estimate of $444.61 million. ExlService had a return on equity of 22.92% and a net margin of 10.45%. The firm’s revenue for the quarter was up 10.7% on a year-over-year basis. During the same quarter in the prior year, the business earned $0.31 earnings per share. ExlService updated its FY24 guidance to $1.59-1.62 EPS and its FY 2024 guidance to 1.590-1.620 EPS.

ExlService Price Performance

NASDAQ EXLS traded up $1.35 on Friday, hitting $34.03. 1,861,227 shares of the company’s stock were exchanged, compared to its average volume of 875,400. The stock has a 50-day moving average of $31.50 and a 200-day moving average of $31.04. The company has a current ratio of 2.45, a quick ratio of 2.54 and a debt-to-equity ratio of 0.30. ExlService has a 52 week low of $25.17 and a 52 week high of $35.70. The stock has a market cap of $5.70 billion, a price-to-earnings ratio of 31.45, a P/E/G ratio of 1.74 and a beta of 1.00.

Insider Transactions at ExlService

In other news, CFO Maurizio Nicolelli sold 12,000 shares of the company’s stock in a transaction on Wednesday, May 8th. The shares were sold at an average price of $30.66, for a total transaction of $367,920.00. Following the completion of the transaction, the chief financial officer now directly owns 138,985 shares in the company, valued at $4,261,280.10. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. In related news, EVP Narasimha Kini sold 8,435 shares of the stock in a transaction on Friday, July 12th. The stock was sold at an average price of $33.00, for a total value of $278,355.00. Following the completion of the sale, the executive vice president now directly owns 179,038 shares in the company, valued at $5,908,254. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CFO Maurizio Nicolelli sold 12,000 shares of the stock in a transaction on Wednesday, May 8th. The shares were sold at an average price of $30.66, for a total value of $367,920.00. Following the completion of the sale, the chief financial officer now owns 138,985 shares of the company’s stock, valued at $4,261,280.10. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 141,587 shares of company stock worth $4,438,140. Corporate insiders own 3.75% of the company’s stock.

Analyst Ratings Changes

Several equities research analysts recently issued reports on the company. Citigroup boosted their price target on ExlService from $37.00 to $38.00 and gave the company a “buy” rating in a research note on Friday, July 12th. Needham & Company LLC reiterated a “buy” rating and issued a $40.00 price target on shares of ExlService in a research note on Friday. Finally, Wedbush upgraded ExlService from a “neutral” rating to an “outperform” rating and boosted their price target for the company from $34.00 to $40.00 in a research note on Wednesday, May 8th. Two investment analysts have rated the stock with a hold rating and five have issued a buy rating to the company’s stock. Based on data from MarketBeat, ExlService currently has an average rating of “Moderate Buy” and a consensus price target of $37.33.

About ExlService

ExlService Holdings, Inc operates as a data analytics, and digital operations and solutions company in the United States and internationally. The company operates through Insurance, Healthcare, Analytics, and Emerging Business segments. It also provides digital operations and solutions and analytics-driven services, such as claims processing, premium and benefit administration, agency management, account reconciliation, policy research, underwriting support, new business acquisition, policy servicing, premium audit, surveys, billing and collection, commercial and residential survey, and customer service using digital technology, artificial intelligence, machine learning, and advanced automation; digital customer acquisition services using a software-as-a-service delivery model through LifePRO and LISS platforms; subrogation services; and Subrosource software platform, an end-to-end subrogation platform.