Concentrix (CNXC) Projected to Post Quarterly Earnings on Wednesday

Concentrix (NASDAQ:CNXC - Get Free Report) is projected to release its Q1 2025 earnings data after the market closes on Wednesday, March 26th. Analysts expect Concentrix to post earnings of $2.58 per share and revenue of $2.37 billion for the quarter. Individual that wish to listen to the company's earnings conference call can do so using this link.

Concentrix (NASDAQ:CNXC - Get Free Report) last posted its 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. Concentrix had a return on equity of 16.67% and a net margin of 2.61%. The business had revenue of $2.37 billion during the quarter, compared to the consensus estimate of $2.37 billion. During the same quarter last year, the company earned $2.57 EPS. Concentrix's revenue was down 1.3% on a year-over-year basis.

Concentrix Price Performance

NASDAQ:CNXC traded up $19.36 during trading hours on Thursday, reaching $65.04. The company had a trading volume of 5,752,484 shares, compared to its average volume of 654,011. The firm has a market capitalization of $4.18 billion, a PE ratio of 17.53, a PEG ratio of 0.63 and a beta of 0.69. The stock has a 50-day moving average of $47.58 and a two-hundred day moving average of $47.73. Concentrix has a one year low of $36.28 and a one year high of $77.00. The company has a quick ratio of 1.42, a current ratio of 1.42 and a debt-to-equity ratio of 1.17.

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Concentrix Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Tuesday, May 6th. Stockholders of record on Friday, April 25th will be issued a $0.3328 dividend. This represents a $1.33 annualized dividend and a dividend yield of 2.05%. The ex-dividend date of this dividend is Friday, April 25th. Concentrix's payout ratio is 35.85%.

Insider Buying and Selling

In other Concentrix news, EVP Cormac J. Twomey sold 500 shares of the firm's stock in a transaction that occurred on Wednesday, January 29th. The shares were sold at an average price of $55.60, for a total value of $27,800.00. Following the transaction, the executive vice president now directly 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 sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Corporate insiders own 3.20% of the company's stock.

Wall Street Analyst Weigh In

Several brokerages recently issued reports on CNXC. Canaccord Genuity Group cut their price target on shares of Concentrix from $100.00 to $80.00 and set a "buy" rating for the company in a report on Thursday, January 16th. Barrington Research cut their target price on shares of Concentrix from $70.00 to $54.00 and set an "outperform" rating for the company in a research note on Monday. Finally, Bank of America boosted their price objective on Concentrix from $58.00 to $59.00 and gave the stock a "neutral" rating in a research note on Thursday. One research analyst has rated the stock with a hold rating, four have given a buy rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of "Buy" and an average target price of $69.60.

Concentrix Company Profile

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.