ExlService (NASDAQ:EXLS) Updates FY24 Earnings Guidance

ExlService (NASDAQ:EXLS) updated its FY24 earnings guidance on Tuesday. The company provided earnings per share guidance of $1.61-$1.63 for the period, compared to the consensus earnings per share estimate of $1.62. The company issued revenue guidance of $1.825-$1.835 billion, compared to the consensus revenue estimate of $1.82 billion. ExlService also updated its FY 2024 guidance to 1.610-1.630 EPS.

Analyst Ratings Changes

A number of research firms have recently commented on EXLS. Citigroup lifted their target price on ExlService from $38.00 to $46.00 and gave the stock a “buy” rating in a research report on Monday, October 14th. Robert W. Baird boosted their price target on ExlService from $40.00 to $44.00 and gave the company a “neutral” rating in a research report on Thursday. JPMorgan Chase & Co. boosted their price target on ExlService from $38.00 to $41.00 and gave the company an “overweight” rating in a research report on Friday, September 6th. Jefferies Financial Group upgraded 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 research report on Monday, September 9th. Finally, Needham & Company LLC boosted their price target on ExlService from $40.00 to $50.00 and gave the company a “buy” rating in a research report on Thursday. Two research analysts have rated the stock with a hold rating and six have issued a buy rating to the company. According to MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $42.86.

ExlService Stock Performance

NASDAQ EXLS traded up $0.02 on Thursday, hitting $41.67. 1,562,435 shares of the company’s stock were exchanged, compared to its average volume of 947,066. The company has a debt-to-equity ratio of 0.30, a current ratio of 2.45 and a quick ratio of 2.45. The firm’s 50-day moving average price is $37.71 and its two-hundred day moving average price is $33.67. ExlService has a fifty-two week low of $25.40 and a fifty-two week high of $42.27. The firm has a market cap of $6.98 billion, a price-to-earnings ratio of 38.87, a P/E/G ratio of 2.07 and a beta of 1.00.

ExlService (NASDAQ:EXLS) last released its earnings results on Thursday, August 1st. The business services provider reported $0.40 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.39 by $0.01. ExlService had a return on equity of 22.92% and a net margin of 10.45%. The company had revenue of $448.40 million for the quarter, compared to analysts’ expectations of $444.61 million. During the same quarter in the previous year, the firm posted $0.31 EPS. The firm’s quarterly revenue was up 10.7% on a year-over-year basis. On average, research analysts expect that ExlService will post 1.28 EPS for the current year.

Insiders Place Their Bets

In other ExlService news, CEO Rohit Kapoor sold 35,000 shares of the business’s stock in a transaction that occurred on Thursday, August 29th. The stock was sold at an average price of $36.18, for a total transaction of $1,266,300.00. Following the transaction, the chief executive officer now owns 1,424,588 shares in the company, valued at approximately $51,541,593.84. The trade was a 0.00 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. In other news, EVP Ajay Ayyappan sold 21,000 shares of the business’s stock in a transaction that occurred on 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 of the company’s stock, valued at $1,028,271.42. The trade was a 0.00 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, CEO Rohit Kapoor sold 35,000 shares of the business’s stock in a transaction that occurred on 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 sale, the chief executive officer now directly owns 1,424,588 shares in the company, valued at $51,541,593.84. This trade represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 134,875 shares of company stock worth $4,716,859. Company insiders own 3.75% 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.