Concentrix (NASDAQ:CNXC) Releases Q1 Earnings Guidance

Concentrix (NASDAQ:CNXC) issued an update on its first quarter earnings guidance on Wednesday morning. The company provided earnings per share guidance of $2.49-2.64 for the period, compared to the consensus earnings per share estimate of $2.85. The company issued revenue guidance of $2.355-2.370 billion, compared to the consensus revenue estimate of $2.41 billion. Concentrix also updated its FY 2025 guidance to 11.180-11.770 EPS.

Concentrix Stock Performance

Shares of NASDAQ CNXC opened at $48.78 on Friday. Concentrix has a 1 year low of $36.28 and a 1 year high of $106.10. The company has a debt-to-equity ratio of 1.18, a quick ratio of 1.57 and a current ratio of 1.57. The company’s fifty day moving average price is $43.34 and its 200 day moving average price is $54.98. The company has a market capitalization of $3.16 billion, a PE ratio of 15.84, a price-to-earnings-growth ratio of 0.60 and a beta of 0.63.

Concentrix (NASDAQ:CNXC) last posted its earnings results on Wednesday, January 15th. The company reported $3.26 EPS for the quarter, beating analysts’ consensus estimates of $3.01 by $0.25. The firm had revenue of $2.45 billion for the quarter, compared to analysts’ expectations of $2.44 billion. Concentrix had a return on equity of 16.57% and a net margin of 2.18%. The company’s quarterly revenue was up 9.7% on a year-over-year basis. During the same period last year, the firm earned $3.36 EPS. On average, research analysts predict that Concentrix will post 10.11 earnings per share for the current year.

Concentrix Cuts Dividend

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, February 11th. Stockholders of record on Friday, January 31st will be paid a dividend of $0.3328 per share. This represents a $1.33 annualized dividend and a dividend yield of 2.73%. The ex-dividend date of this dividend is Friday, January 31st. Concentrix’s payout ratio is 43.18%.

Analysts Set New Price Targets

A number of research firms recently issued reports on CNXC. Canaccord Genuity Group dropped their price target on shares of Concentrix from $100.00 to $80.00 and set a “buy” rating on the stock in a research note on Thursday. Baird R W raised shares of Concentrix to a “strong-buy” rating in a research note on Thursday, October 3rd. Robert W. Baird initiated coverage on shares of Concentrix in a research note on Thursday, October 3rd. They issued an “outperform” rating and a $70.00 price target on the stock. Barrington Research lowered their price objective on Concentrix from $84.00 to $70.00 and set an “outperform” rating on the stock in a report on Thursday, September 26th. Finally, Bank of America reduced their target price on Concentrix from $85.00 to $70.00 and set a “neutral” rating for the company in a report on Thursday, September 26th. One equities research analyst has rated the stock with a hold rating, four have issued a buy rating and one has issued a strong buy rating to the company’s stock. According to MarketBeat, the stock currently has an average rating of “Buy” and an average price target of $75.00.

About Concentrix

Concentrix Corporation engages in the provision of technology-infused customer experience (CX) solutions worldwide. The company provides CX process optimization, technology innovation, front- and back-office automation, analytics, and business transformation services, across various channels of communication, such as voice, chat, email, social media, asynchronous messaging, and custom applications.