ExlService (NASDAQ:EXLS) Announces Quarterly Earnings Results

ExlService (NASDAQ:EXLS) released its earnings results on Tuesday. The business services provider reported $0.44 earnings per share for the quarter, topping analysts’ consensus estimates of $0.41 by $0.03, Briefing.com reports. The business had revenue of $472.07 million for the quarter, compared to analyst estimates of $460.73 million. ExlService had a return on equity of 23.23% and a net margin of 10.61%. The business’s revenue was up 14.9% compared to the same quarter last year. During the same quarter last year, the firm posted $0.30 earnings per share. ExlService updated its FY24 guidance to $1.61-$1.63 EPS and its FY 2024 guidance to 1.610-1.630 EPS.

ExlService Stock Down 0.4 %

Shares of EXLS traded down $0.16 during mid-day trading on Friday, hitting $41.51. 480,112 shares of the company traded hands, compared to its average volume of 945,061. The company has a market capitalization of $6.70 billion, a PE ratio of 36.39, a price-to-earnings-growth ratio of 2.19 and a beta of 1.00. The company has a quick ratio of 2.45, a current ratio of 3.02 and a debt-to-equity ratio of 0.37. The business has a 50 day moving average of $37.83 and a 200 day moving average of $33.73. ExlService has a 1-year low of $26.15 and a 1-year high of $42.27.

Wall Street Analysts Forecast Growth

EXLS has been the topic of a number of recent research reports. Robert W. Baird increased their price target on ExlService from $40.00 to $44.00 and gave the stock a “neutral” rating in a research report on Thursday. Needham & Company LLC increased their target price on shares of ExlService from $40.00 to $50.00 and gave the stock a “buy” rating in a report on Thursday. Jefferies Financial Group upgraded shares of ExlService from a “hold” rating to a “buy” rating and boosted their price target for the company from $35.00 to $42.00 in a report on Monday, September 9th. JPMorgan Chase & Co. increased their price objective on shares of ExlService from $38.00 to $41.00 and gave the company an “overweight” rating in a research note on Friday, September 6th. Finally, Citigroup lifted their price objective on shares of ExlService from $38.00 to $46.00 and gave the company a “buy” rating in a report on Monday, October 14th. Two investment analysts have rated the stock with a hold rating and six have assigned a buy rating to the company. Based on data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $42.86.

Insiders Place Their Bets

In other ExlService news, CEO Rohit Kapoor sold 35,000 shares of the firm’s stock in a transaction on Thursday, August 29th. The shares were sold at an average price of $36.18, for a total value of $1,266,300.00. Following the completion of the transaction, the chief executive officer now owns 1,424,588 shares of the company’s stock, valued at approximately $51,541,593.84. This trade represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. In other ExlService news, EVP Ajay Ayyappan sold 21,000 shares of the business’s stock in a transaction dated Wednesday, August 7th. The stock was sold at an average price of $34.38, for a total transaction of $721,980.00. Following the sale, the executive vice president now owns 29,909 shares in the company, valued at approximately $1,028,271.42. The trade was a 0.00 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CEO Rohit Kapoor sold 35,000 shares of the firm’s stock in a transaction dated Thursday, August 29th. The stock was sold at an average price of $36.18, for a total value of $1,266,300.00. Following the completion of the transaction, the chief executive officer now owns 1,424,588 shares of the company’s stock, valued at approximately $51,541,593.84. The trade was a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last quarter, insiders have sold 134,875 shares of company stock valued at $4,716,859. Insiders own 4.16% of the company’s stock.

ExlService Company Profile

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.