IBEX (NASDAQ:IBEX) Issues Quarterly Earnings Results

IBEX (NASDAQ:IBEX) posted its earnings results on Thursday. The company reported $0.51 EPS for the quarter, topping the consensus estimate of $0.49 by $0.02, Zacks reports. IBEX had a net margin of 7.08% and a return on equity of 23.13%. IBEX updated its FY 2025 guidance to EPS.

IBEX Trading Up 10.9 %

Shares of NASDAQ:IBEX opened at $24.49 on Friday. IBEX has a 12-month low of $13.00 and a 12-month high of $25.03. The stock has a market capitalization of $410.45 million, a price-to-earnings ratio of 11.50 and a beta of 0.78. The stock has a fifty day simple moving average of $21.29 and a two-hundred day simple moving average of $19.35.

Insider Activity

In other news, CEO Robert Thomas Dechant sold 1,792 shares of the business’s stock in a transaction on Tuesday, January 21st. The stock was sold at an average price of $22.50, for a total value of $40,320.00. Following the completion of the transaction, the chief executive officer now owns 226,841 shares in the company, valued at $5,103,922.50. The trade was a 0.78 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, Director Group International L. Resource sold 54,517 shares of the stock in a transaction on Monday, November 11th. The shares were sold at an average price of $20.01, for a total value of $1,090,885.17. Following the sale, the director now directly owns 5,293,915 shares in the company, valued at $105,931,239.15. This trade represents a 1.02 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 352,525 shares of company stock worth $7,245,038 over the last three months. 6.72% of the stock is currently owned by corporate insiders.

Analyst Ratings Changes

Several analysts have commented on IBEX shares. Robert W. Baird raised their price objective on shares of IBEX from $23.00 to $26.00 and gave the stock an “outperform” rating in a report on Friday, November 8th. Royal Bank of Canada upped their price target on IBEX from $21.00 to $24.00 and gave the stock a “sector perform” rating in a research note on Friday. Two investment analysts have rated the stock with a hold rating and two have assigned a buy rating to the company. Based on data from MarketBeat, the company has an average rating of “Moderate Buy” and a consensus target price of $22.25.

IBEX Company Profile

IBEX Limited provides end-to-end technology-enabled customer lifecycle experience solutions in the United States and internationally. The company products and services portfolio includes ibex Connect, that offers customer service, technical support, revenue generation, and other revenue generation outsourced back-office services through the CX model, which integrates voice, email, chat, SMS, social media, and other communication applications; ibex Digital, a customer acquisition solution that comprises digital marketing, e-commerce technology, and platform solutions; and ibex CX, a customer experience solution, which provides a suite of proprietary software tools to measure, monitor, and manage its clients' customer experience.