Scotiabank Estimates Concentrix FY2024 Earnings

Concentrix Co. (NASDAQ:CNXC - Free Report) - Scotiabank issued their FY2024 earnings per share estimates for shares of Concentrix in a research report issued on Wednesday, January 8th. Scotiabank analyst D. Goyal forecasts that the company will earn $10.04 per share for the year. The consensus estimate for Concentrix's current full-year earnings is $10.18 per share. Scotiabank also issued estimates for Concentrix's FY2025 earnings at $10.11 EPS.

Other equities research analysts have also issued reports about the company. Baird R W upgraded Concentrix to a "strong-buy" rating in a research report on Thursday, October 3rd. Barrington Research decreased their price objective on Concentrix from $84.00 to $70.00 and set an "outperform" rating on the stock in a research report on Thursday, September 26th. Canaccord Genuity Group decreased their price objective on Concentrix from $125.00 to $100.00 and set a "buy" rating on the stock in a research report on Thursday, September 26th. Robert W. Baird started coverage on Concentrix in a research report on Thursday, October 3rd. They issued an "outperform" rating and a $70.00 price objective on the stock. Finally, Bank of America decreased their price objective on Concentrix from $85.00 to $70.00 and set a "neutral" rating on the stock in a research report on Thursday, September 26th. One analyst has rated the stock with a hold rating, four have issued a buy rating and one has given a strong buy rating to the company's stock. According to MarketBeat, Concentrix has an average rating of "Buy" and an average target price of $79.00.

Concentrix Price Performance

NASDAQ CNXC traded up $0.15 during trading hours on Friday, reaching $45.75. 411,116 shares of the company's stock were exchanged, compared to its average volume of 582,703. The stock has a market cap of $2.97 billion, a PE ratio of 14.85, a price-to-earnings-growth ratio of 0.56 and a beta of 0.63. Concentrix has a one year low of $36.28 and a one year high of $106.10. The firm has a fifty day moving average of $42.97 and a 200-day moving average of $55.41. The company has a current ratio of 1.57, a quick ratio of 1.57 and a debt-to-equity ratio of 1.18.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently made changes to their positions in CNXC. GAMMA Investing LLC boosted its position in shares of Concentrix by 64.9% in the 3rd quarter. GAMMA Investing LLC now owns 729 shares of the company's stock worth $37,000 after purchasing an additional 287 shares during the last quarter. Benjamin F. Edwards & Company Inc. bought a new position in shares of Concentrix in the 2nd quarter worth $68,000. Quarry LP boosted its position in shares of Concentrix by 769.9% in the 2nd quarter. Quarry LP now owns 1,244 shares of the company's stock worth $79,000 after purchasing an additional 1,101 shares during the last quarter. Quest Partners LLC bought a new position in shares of Concentrix in the 3rd quarter worth $146,000. Finally, Blue Trust Inc. boosted its position in shares of Concentrix by 62.4% in the 3rd quarter. Blue Trust Inc. now owns 3,132 shares of the company's stock worth $161,000 after purchasing an additional 1,204 shares during the last quarter. 90.34% of the stock is currently owned by institutional investors.

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.