Concentrix (NASDAQ:CNXC) Issues FY 2025 Earnings Guidance

Concentrix (NASDAQ:CNXC - Get Free Report) updated its FY 2025 earnings guidance on Wednesday. The company provided earnings per share guidance of 11.180-11.770 for the period, compared to the consensus earnings per share 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 Analyst Weigh In

CNXC has been the subject of several recent analyst reports. Barrington Research cut their price target on shares of Concentrix from $70.00 to $54.00 and set an "outperform" rating for the company in a report on Monday, March 24th. Canaccord Genuity Group cut their target price on shares of Concentrix from $100.00 to $80.00 and set a "buy" rating for the company in a research note on Thursday, January 16th. Finally, Bank of America upped their price target on shares of Concentrix from $58.00 to $59.00 and gave the stock a "neutral" rating in a research report on Thursday. One equities research analyst has rated the stock with a hold rating, four have issued a buy rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat.com, the company has an average rating of "Buy" and an average price target of $69.60.

Concentrix Price Performance

CNXC stock traded down $8.09 during midday trading on Friday, reaching $56.95. The stock had a trading volume of 3,240,808 shares, compared to its average volume of 671,740. Concentrix has a 52-week low of $36.28 and a 52-week high of $77.00. The company has a current ratio of 1.42, a quick ratio of 1.42 and a debt-to-equity ratio of 1.17. The company's fifty day simple moving average is $48.06 and its 200 day simple moving average is $47.46. The company has a market cap of $3.66 billion, a price-to-earnings ratio of 15.35, a price-to-earnings-growth ratio of 0.63 and a beta of 0.69.

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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 for the quarter, topping the consensus estimate of $2.58 by $0.21. Concentrix had a net margin of 2.61% and a return on equity of 16.67%. The firm had revenue of $2.37 billion for the quarter, compared to the consensus estimate of $2.37 billion. During the same period last year, the firm posted $2.57 earnings per share. The company's revenue for the quarter was down 1.3% on a year-over-year basis. As a group, sell-side analysts predict that Concentrix will post 10.11 earnings per share for the current fiscal year.

Concentrix Announces Dividend

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

Insider Activity at Concentrix

In related news, Director Kathryn Hayley bought 500 shares of the company's stock in a transaction on Wednesday, January 22nd. The stock was bought at an average cost of $50.22 per share, for a total transaction of $25,110.00. Following the acquisition, the director now directly owns 3,034 shares in the company, valued at $152,367.48. This represents a 19.73 % increase in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. Insiders own 3.20% of the company's stock.

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.