Concentrix (NASDAQ:CNXC) Issues FY 2025 Earnings Guidance

Concentrix (NASDAQ:CNXC) issued an update on its FY 2025 earnings guidance on Wednesday morning. The company provided earnings per share (EPS) guidance of 11.180-11.770 for the period, compared to the consensus estimate of 11.340. The company issued revenue guidance of $9.5 billion-$9.6 billion, compared to the consensus revenue estimate of $9.5 billion. Concentrix also updated its FY25 guidance to $11.18-11.77 EPS.

Wall Street Analysts Forecast Growth

A number of equities analysts have issued reports on CNXC shares. Canaccord Genuity Group lowered their price target on Concentrix from $100.00 to $80.00 and set a “buy” rating on the stock in a research report on Thursday, January 16th. Barrington Research decreased their target price on Concentrix from $70.00 to $54.00 and set an “outperform” rating on the stock in a research report on Monday. 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 stock. According to data from MarketBeat, the company has a consensus rating of “Buy” and a consensus target price of $71.80.

Concentrix Price Performance

NASDAQ:CNXC opened at $45.68 on Thursday. The stock has a 50 day moving average of $47.58 and a two-hundred day moving average of $47.73. Concentrix has a 12 month low of $36.28 and a 12 month high of $77.00. The firm has a market cap of $2.94 billion, a P/E ratio of 12.31, a price-to-earnings-growth ratio of 0.63 and a beta of 0.69. The company has a current ratio of 1.42, a quick ratio of 1.42 and a debt-to-equity ratio of 1.17.

Concentrix (NASDAQ:CNXC) last issued its quarterly earnings results on Wednesday, March 26th. The company reported $2.79 EPS for the quarter, topping the consensus estimate of $2.58 by $0.21. The firm had revenue of $2.37 billion during the quarter, compared to analysts’ expectations of $2.37 billion. Concentrix had a return on equity of 16.67% and a net margin of 2.61%. The firm’s revenue for the quarter was down 1.3% on a year-over-year basis. During the same period in the previous year, the business earned $2.57 earnings per share. On average, analysts expect that Concentrix will post 10.11 earnings per share for the current fiscal year.

Concentrix Cuts Dividend

The firm also recently announced a quarterly dividend, which was paid on Tuesday, February 11th. Stockholders of record on Friday, January 31st were given a $0.3328 dividend. This represents a $1.33 dividend on an annualized basis and a dividend yield of 2.91%. The ex-dividend date of this dividend was Friday, January 31st. Concentrix’s dividend payout ratio (DPR) is 35.85%.

Insider Buying and Selling

In related news, EVP Cormac J. Twomey sold 500 shares of the stock in a transaction that occurred on Wednesday, January 29th. The stock was sold at an average price of $55.60, for a total value of $27,800.00. Following the completion of the sale, the executive vice president now owns 41,111 shares of the company’s stock, valued at approximately $2,285,771.60. This trade represents a 1.20 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. 3.20% of the stock is currently owned by company insiders.

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.