ExlService (NASDAQ:EXLS) Issues Earnings Results, Beats Expectations By $0.03 EPS

ExlService (NASDAQ:EXLS - Get Free Report) issued its quarterly earnings data on Tuesday. The business services provider reported $0.44 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.41 by $0.03, Briefing.com reports. The company had revenue of $472.07 million during the quarter, compared to the consensus estimate of $460.73 million. ExlService had a net margin of 10.61% and a return on equity of 23.23%. The firm's revenue was up 14.9% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $0.30 earnings per share. ExlService updated its FY24 guidance to $1.61-$1.63 EPS and its FY 2024 guidance to 1.610-1.630 EPS.

ExlService Price Performance

NASDAQ EXLS traded down $0.02 on Friday, hitting $41.65. The stock had a trading volume of 917,436 shares, compared to its average volume of 947,222. The company has a market capitalization of $6.72 billion, a price-to-earnings ratio of 36.39, a price-to-earnings-growth ratio of 2.19 and a beta of 1.00. ExlService has a 52-week low of $26.15 and a 52-week high of $42.27. The firm has a 50-day moving average of $37.83 and a 200-day moving average of $33.73. The company has a debt-to-equity ratio of 0.37, a quick ratio of 2.45 and a current ratio of 3.02.

Insider Buying and Selling

In other news, insider Vikas Bhalla sold 11,190 shares of the stock in a transaction dated Monday, August 12th. The stock was sold at an average price of $34.25, for a total transaction of $383,257.50. Following the transaction, the insider now directly owns 100,866 shares in the company, valued at approximately $3,454,660.50. This represents a 0.00 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. In other ExlService news, insider Vikas Bhalla sold 11,190 shares of the stock in a transaction that occurred on Monday, August 12th. The stock was sold at an average price of $34.25, for a total value of $383,257.50. Following the completion of the sale, the insider now owns 100,866 shares in the company, valued at approximately $3,454,660.50. This trade represents a 0.00 % decrease in their position. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, insider Vivek Jetley sold 2,015 shares of the business's stock in a transaction dated Thursday, August 15th. The shares were sold at an average price of $35.75, for a total transaction of $72,036.25. Following the transaction, the insider now owns 326,642 shares in the company, valued at $11,677,451.50. This represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. Over the last three months, insiders have sold 134,875 shares of company stock worth $4,716,859. Insiders own 4.16% of the company's stock.

Wall Street Analysts Forecast Growth

EXLS has been the topic of several analyst reports. Robert W. Baird upped their price target on shares of ExlService from $40.00 to $44.00 and gave the stock a "neutral" rating in a research report on Thursday. JPMorgan Chase & Co. raised their target price on shares of ExlService from $38.00 to $41.00 and gave the stock an "overweight" rating in a report on Friday, September 6th. Jefferies Financial Group raised 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 note on Monday, September 9th. Citigroup raised their target price on ExlService from $38.00 to $46.00 and gave the company a "buy" rating in a report on Monday, October 14th. Finally, Needham & Company LLC raised their price target on shares of ExlService from $40.00 to $50.00 and gave the company a "buy" rating in a research note on Thursday. Two analysts have rated the stock with a hold rating and six have given a buy rating to the stock. According to MarketBeat, ExlService presently has a consensus rating of "Moderate Buy" and an average target price of $42.86.

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.