Concentrix (NASDAQ:CNXC – Get Free Report) updated its second quarter 2025 earnings guidance on Wednesday. The company provided EPS guidance of 2.690-2.800 for the period, compared to the consensus EPS estimate of 2.740. The company issued revenue guidance of $2.4 billion-$2.4 billion, compared to the consensus revenue estimate of $2.4 billion. Concentrix also updated its FY 2025 guidance to 11.180-11.770 EPS.
Wall Street Analyst Weigh In
CNXC has been the subject of a number of research analyst reports. Barrington Research dropped their price objective on shares of Concentrix from $70.00 to $54.00 and set an “outperform” rating for the company in a research note on Monday. Bank of America upped their price target on shares of Concentrix from $58.00 to $59.00 and gave the stock a “neutral” rating in a research report on Thursday. Finally, Canaccord Genuity Group decreased their price target on shares of Concentrix from $100.00 to $80.00 and set a “buy” rating on the stock in a report on Thursday, January 16th. One research analyst has rated the stock with a hold rating, four have given a buy rating and one has given a strong buy rating to the company. According to MarketBeat.com, Concentrix presently has an average rating of “Buy” and a consensus target price of $69.60.
Get Our Latest Report on Concentrix
Concentrix Trading Up 42.4 %
Concentrix (NASDAQ:CNXC – Get Free Report) last issued its quarterly earnings results on Wednesday, March 26th. The company reported $2.79 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $2.58 by $0.21. Concentrix had a net margin of 2.61% and a return on equity of 16.67%. The business had revenue of $2.37 billion during the quarter, compared to analyst estimates of $2.37 billion. During the same quarter in the previous year, the firm earned $2.57 earnings per share. The business’s revenue was down 1.3% compared to the same quarter last year. Sell-side analysts forecast that Concentrix will post 10.11 EPS for the current fiscal year.
Concentrix Announces Dividend
The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, May 6th. Investors of record on Friday, April 25th will be issued a $0.3328 dividend. This represents a $1.33 annualized dividend and a yield of 2.05%. The ex-dividend date of this dividend is Friday, April 25th. Concentrix’s dividend payout ratio is currently 35.85%.
Insider Transactions at Concentrix
In other Concentrix news, Director Kathryn Hayley acquired 500 shares of the firm’s stock in a transaction on Wednesday, January 22nd. The stock was purchased at an average price of $50.22 per share, with a total value of $25,110.00. Following the completion of the acquisition, the director now directly owns 3,034 shares in the company, valued at $152,367.48. This trade represents a 19.73 % increase in their position. The purchase was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Insiders own 3.20% of the company’s stock.
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.
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