Concentrix (NASDAQ:CNXC) Releases FY25 Earnings Guidance

Concentrix (NASDAQ:CNXC - Get Free Report) issued an update on its FY25 earnings guidance on Wednesday morning. The company provided earnings per share guidance of $11.18-11.77 for the period, compared to the consensus earnings per share estimate of $11.45. The company issued revenue guidance of $9.490-9.635 billion, compared to the consensus revenue estimate of $9.54 billion. Concentrix also updated its FY 2025 guidance to 11.180-11.770 EPS.

Concentrix Stock Down 12.4 %

Shares of CNXC stock traded down $8.09 on Friday, reaching $56.95. 3,240,808 shares of the company were exchanged, compared to its average volume of 671,740. Concentrix has a one year low of $36.28 and a one year high of $77.00. The company has a market cap of $3.66 billion, a price-to-earnings ratio of 15.35, a PEG ratio of 0.63 and a beta of 0.69. The company has a 50-day moving average of $48.06 and a 200-day moving average of $47.60. The company has a debt-to-equity ratio of 1.17, a current ratio of 1.42 and a quick ratio of 1.42.

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

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Concentrix Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, May 6th. Shareholders of record on Friday, April 25th will be paid a dividend of $0.3328 per share. The ex-dividend date of this dividend is Friday, April 25th. This represents a $1.33 dividend on an annualized basis and a yield of 2.34%. Concentrix's dividend payout ratio (DPR) is presently 35.85%.

Wall Street Analysts Forecast Growth

A number of research analysts have recently issued reports on the stock. Bank of America lifted their price objective on shares of Concentrix from $58.00 to $59.00 and gave the company a "neutral" rating in a report on Thursday. Canaccord Genuity Group cut their price target on Concentrix from $100.00 to $80.00 and set a "buy" rating for the company in a research note on Thursday, January 16th. Finally, Barrington Research lowered their price objective on Concentrix from $70.00 to $54.00 and set an "outperform" rating for the company in a research note on Monday, March 24th. One equities research 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.com, Concentrix presently has an average rating of "Buy" and a consensus price target of $69.60.

Insider Buying and Selling

In other Concentrix news, EVP Cormac J. Twomey sold 500 shares of Concentrix stock in a transaction that occurred 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 transaction, the executive vice president now owns 41,111 shares of the company's stock, valued at $2,285,771.60. This trade represents a 1.20 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. 3.20% of the stock is owned by corporate 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.