IBEX (NASDAQ:IBEX) Announces Quarterly Earnings Results

IBEX (NASDAQ:IBEX) issued its earnings results on Monday. The company reported $0.31 earnings per share for the quarter, topping the consensus estimate of $0.16 by $0.15, MarketWatch Earnings reports. IBEX had a positive return on equity of 33.09% and a negative net margin of 1.14%. During the same period last year, the company posted $0.14 EPS.

IBEX opened at $17.85 on Wednesday. The business’s 50-day moving average price is $19.73 and its two-hundred day moving average price is $20.86. IBEX has a 1 year low of $9.27 and a 1 year high of $25.50. The company has a market capitalization of $328.23 million and a price-to-earnings ratio of -46.97. The company has a debt-to-equity ratio of 0.05, a current ratio of 1.40 and a quick ratio of 1.40.

An institutional investor recently raised its position in IBEX stock. Morgan Stanley lifted its stake in IBEX Limited (NASDAQ:IBEX) by 288.3% during the first quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 28,863 shares of the company’s stock after acquiring an additional 21,430 shares during the quarter. Morgan Stanley owned approximately 0.16% of IBEX worth $635,000 as of its most recent SEC filing. Hedge funds and other institutional investors own 24.26% of the company’s stock.

A number of brokerages have commented on IBEX. Piper Sandler reduced their price objective on IBEX from $25.00 to $22.00 and set an “overweight” rating for the company in a research report on Wednesday. Zacks Investment Research cut IBEX from a “buy” rating to a “hold” rating in a report on Wednesday, July 21st. Finally, Robert W. Baird reiterated a “buy” rating and issued a $28.00 price objective on shares of IBEX in a research report on Monday, September 6th. One analyst has rated the stock with a hold rating and four have given a buy rating to the stock. According to data from MarketBeat, IBEX presently has an average rating of “Buy” and a consensus target price of $21.83.

IBEX Company Profile

IBEX Limited provides end-to-end technology-enabled customer lifecycle experience solutions in the United States and internationally. The company provides ibex Connect, a customer engagement solution comprises customer service, technical support, and other value-added outsourced back office services through voice, email, chat, SMS, social media and other communication applications; ibex Digital, a customer acquisition solution that offers search, social, and display advertising capabilities; and ibex CX, a customer experience solution, which provides a comprehensive suite of proprietary software tools to measure, monitor and manage its clients' customer experience.

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Earnings History for IBEX (NASDAQ:IBEX)

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