Concentrix (NASDAQ:CNXC) Updates Q2 2025 Earnings Guidance

Concentrix (NASDAQ:CNXC - Get Free Report) issued an update on its second quarter 2025 earnings guidance on Wednesday morning. The company provided earnings per share (EPS) guidance of 2.690-2.800 for the period, compared to the consensus estimate of 2.740. The company issued revenue guidance of $2.4 billion-$2.4 billion, compared to the consensus revenue estimate of $2.4 billion. Concentrix also updated its FY 2025 guidance to 11.180-11.770 EPS.

Analysts Set New Price Targets

Several equities analysts have recently commented on CNXC shares. Canaccord Genuity Group decreased their price objective on shares of Concentrix from $100.00 to $80.00 and set a "buy" rating on the stock in a report on Thursday, January 16th. Bank of America increased their target price on Concentrix from $58.00 to $59.00 and gave the stock a "neutral" rating in a research note on Thursday. Finally, Barrington Research dropped their target price on Concentrix from $70.00 to $54.00 and set an "outperform" rating for the company in a research report on Monday, March 24th. One analyst has rated the stock with a hold rating, four have assigned a buy rating and one has issued a strong buy rating to the stock. According to data from MarketBeat, the stock currently has an average rating of "Buy" and a consensus price target of $69.60.

Concentrix Stock Down 12.4 %

Shares of NASDAQ CNXC traded down $8.09 during mid-day trading on Friday, hitting $56.95. The company had a trading volume of 3,240,808 shares, compared to its average volume of 671,740. The company has a market capitalization of $3.66 billion, a PE ratio of 15.35, a price-to-earnings-growth ratio of 0.63 and a beta of 0.69. The business's 50-day simple moving average is $48.06 and its 200 day simple moving average is $47.46. Concentrix has a 1-year low of $36.28 and a 1-year high of $77.00. The company has a debt-to-equity ratio of 1.17, a current ratio of 1.42 and a quick ratio of 1.42.

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Concentrix (NASDAQ:CNXC - Get Free Report) last posted its quarterly earnings results on Wednesday, March 26th. The company reported $2.79 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $2.58 by $0.21. Concentrix had a return on equity of 16.67% and a net margin of 2.61%. The company had revenue of $2.37 billion for the quarter, compared to analyst estimates of $2.37 billion. During the same quarter last year, the company earned $2.57 EPS. Concentrix's revenue for the quarter was down 1.3% compared to the same quarter last year. On average, analysts predict that Concentrix will post 10.11 earnings per share for the current year.

Concentrix Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Tuesday, May 6th. Shareholders of record on Friday, April 25th will be issued a dividend of $0.3328 per share. This represents a $1.33 annualized dividend and a yield of 2.34%. The ex-dividend date is Friday, April 25th. Concentrix's dividend payout ratio (DPR) is presently 33.33%.

Insider Activity

In related news, EVP Cormac J. Twomey sold 500 shares of the business's stock in a transaction on Wednesday, January 29th. The shares were sold at an average price of $55.60, for a total transaction of $27,800.00. Following the completion of the transaction, the executive vice president now owns 41,111 shares in the company, valued at approximately $2,285,771.60. The trade was a 1.20 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. Company insiders own 3.20% of the company's stock.

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.