ExlService (NASDAQ:EXLS) Releases FY 2024 Earnings Guidance

ExlService (NASDAQ:EXLS) updated its FY 2024 earnings guidance on Friday. The company provided EPS guidance of 1.580-1.620 for the period, compared to the consensus EPS estimate of 1.610. The company issued revenue guidance of $1.8 billion-$1.8 billion, compared to the consensus revenue estimate of $1.8 billion.

Wall Street Analysts Forecast Growth

Several brokerages have weighed in on EXLS. Citigroup cut their target price on ExlService from $38.00 to $37.00 and set a buy rating on the stock in a research note on Monday, April 22nd. StockNews.com cut ExlService from a buy rating to a hold rating in a report on Thursday, February 29th. Needham & Company LLC restated a buy rating and issued a $40.00 price target on shares of ExlService in a research report on Friday. Wedbush restated a neutral rating and set a $34.00 price target on shares of ExlService in a research note on Wednesday. Finally, TD Cowen lifted their price objective on ExlService from $36.00 to $37.00 and gave the stock an outperform rating in a report on Tuesday, April 2nd. Three research analysts have rated the stock with a hold rating and four have assigned a buy rating to the company’s stock. According to data from MarketBeat, the company has a consensus rating of Moderate Buy and an average price target of $36.14.

ExlService Trading Down 1.3 %

ExlService stock traded down $0.38 during mid-day trading on Friday, hitting $29.65. The stock had a trading volume of 976,364 shares, compared to its average volume of 979,153. The stock has a market capitalization of $4.82 billion, a PE ratio of 27.45, a P/E/G ratio of 1.52 and a beta of 1.00. ExlService has a 12 month low of $25.17 and a 12 month high of $34.41. The company has a current ratio of 2.08, a quick ratio of 2.08 and a debt-to-equity ratio of 0.15. The stock has a 50-day simple moving average of $30.56 and a two-hundred day simple moving average of $29.82.

ExlService (NASDAQ:EXLS) last issued its earnings results on Thursday, February 29th. The business services provider reported $0.26 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.27 by ($0.01). ExlService had a net margin of 11.32% and a return on equity of 22.83%. The business had revenue of $414.06 million during the quarter, compared to the consensus estimate of $408.56 million. As a group, sell-side analysts forecast that ExlService will post 1.3 EPS for the current year.

Insider Transactions at ExlService

In related news, EVP Ajay Ayyappan sold 9,259 shares of ExlService stock in a transaction that occurred on Tuesday, March 12th. The shares were sold at an average price of $31.59, for a total transaction of $292,491.81. Following the transaction, the executive vice president now owns 50,693 shares of the company’s stock, valued at approximately $1,601,391.87. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. In other ExlService news, EVP Ajay Ayyappan sold 9,259 shares of the firm’s stock in a transaction that occurred on Tuesday, March 12th. The shares were sold at an average price of $31.59, for a total transaction of $292,491.81. Following the sale, the executive vice president now directly owns 50,693 shares in the company, valued at approximately $1,601,391.87. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, EVP Vikas Bhalla sold 23,760 shares of the company’s stock in a transaction on Wednesday, March 6th. The stock was sold at an average price of $31.51, for a total transaction of $748,677.60. Following the sale, the executive vice president now directly owns 127,046 shares in the company, valued at $4,003,219.46. The disclosure for this sale can be found here. 3.75% of the stock is owned by corporate insiders.

About ExlService

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.