$0.71 Earnings Per Share Expected for ExlService Holdings, Inc. (EXLS) This Quarter

Wall Street analysts predict that ExlService Holdings, Inc. (NASDAQ:EXLS) will post earnings of $0.71 per share for the current quarter, Zacks reports. Eight analysts have provided estimates for ExlService’s earnings, with estimates ranging from $0.69 to $0.73. ExlService posted earnings of $0.68 per share during the same quarter last year, which would suggest a positive year-over-year growth rate of 4.4%. The business is scheduled to announce its next quarterly earnings results on Thursday, October 25th.

According to Zacks, analysts expect that ExlService will report full year earnings of $2.76 per share for the current fiscal year, with EPS estimates ranging from $2.74 to $2.79. For the next fiscal year, analysts forecast that the firm will post earnings of $3.07 per share, with EPS estimates ranging from $2.95 to $3.15. Zacks Investment Research’s earnings per share averages are a mean average based on a survey of research firms that follow ExlService.

ExlService (NASDAQ:EXLS) last released its quarterly earnings data on Thursday, August 2nd. The business services provider reported $0.67 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.53 by $0.14. ExlService had a net margin of 6.11% and a return on equity of 14.25%. The company had revenue of $210.11 million during the quarter, compared to analyst estimates of $209.30 million. During the same period in the prior year, the firm earned $0.70 earnings per share. The firm’s revenue for the quarter was up 11.1% compared to the same quarter last year.

A number of analysts recently weighed in on the stock. Barrington Research set a $70.00 price objective on shares of ExlService and gave the stock a “buy” rating in a research note on Tuesday, July 31st. BidaskClub downgraded shares of ExlService from a “strong-buy” rating to a “buy” rating in a report on Thursday. Zacks Investment Research upgraded shares of ExlService from a “sell” rating to a “buy” rating and set a $65.00 target price for the company in a report on Tuesday, July 3rd. Finally, ValuEngine upgraded shares of ExlService from a “hold” rating to a “buy” rating in a report on Wednesday, July 11th. Three equities research analysts have rated the stock with a hold rating and nine have issued a buy rating to the stock. ExlService currently has an average rating of “Buy” and an average price target of $64.00.

In other ExlService news, CEO Rohit Kapoor sold 20,150 shares of the company’s stock in a transaction that occurred on Wednesday, July 11th. The stock was sold at an average price of $60.65, for a total value of $1,222,097.50. Following the sale, the chief executive officer now owns 372,083 shares in the company, valued at approximately $22,566,833.95. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website. Also, Director Garen K. Staglin sold 5,631 shares of the company’s stock in a transaction that occurred on Monday, September 10th. The stock was sold at an average price of $64.18, for a total value of $361,397.58. Following the completion of the sale, the director now owns 24,477 shares in the company, valued at approximately $1,570,933.86. The disclosure for this sale can be found here. In the last quarter, insiders sold 132,515 shares of company stock worth $8,445,789. 4.40% of the stock is owned by insiders.

Institutional investors have recently added to or reduced their stakes in the business. GSA Capital Partners LLP boosted its position in ExlService by 247.7% in the 2nd quarter. GSA Capital Partners LLP now owns 16,466 shares of the business services provider’s stock worth $932,000 after purchasing an additional 11,730 shares in the last quarter. Macquarie Group Ltd. boosted its position in ExlService by 11.3% in the 2nd quarter. Macquarie Group Ltd. now owns 832,537 shares of the business services provider’s stock worth $47,130,000 after purchasing an additional 84,541 shares in the last quarter. Tributary Capital Management LLC boosted its position in ExlService by 9.5% in the 2nd quarter. Tributary Capital Management LLC now owns 350,982 shares of the business services provider’s stock worth $19,869,000 after purchasing an additional 30,329 shares in the last quarter. Schwab Charles Investment Management Inc. boosted its position in ExlService by 9.5% in the 2nd quarter. Schwab Charles Investment Management Inc. now owns 221,022 shares of the business services provider’s stock worth $12,513,000 after purchasing an additional 19,188 shares in the last quarter. Finally, Citadel Advisors LLC boosted its position in ExlService by 61.6% in the 2nd quarter. Citadel Advisors LLC now owns 26,034 shares of the business services provider’s stock worth $1,474,000 after purchasing an additional 9,924 shares in the last quarter. Institutional investors and hedge funds own 91.44% of the company’s stock.

NASDAQ:EXLS opened at $63.42 on Monday. ExlService has a 1-year low of $52.52 and a 1-year high of $67.06. The stock has a market capitalization of $2.27 billion, a P/E ratio of 25.17, a price-to-earnings-growth ratio of 2.29 and a beta of 1.28. The company has a quick ratio of 3.57, a current ratio of 3.57 and a debt-to-equity ratio of 0.10.

About ExlService

ExlService Holdings, Inc provides operations management and analytics services in the United States, the United Kingdom, and internationally. The company offers business process management (BPM) services to the insurance industry in the areas of claims processing, subrogation, premium and benefit administration, agency management, account reconciliation, policy research, underwriting support, new business processing, policy servicing, premium audit, surveys, billing and collection, commercial and residential survey, and customer services.

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