WNS (Holdings) Limited (WNS) Expected to Post Quarterly Sales of $196.81 Million

Wall Street analysts expect WNS (Holdings) Limited (NYSE:WNS) to post sales of $196.81 million for the current fiscal quarter, Zacks reports. Eight analysts have issued estimates for WNS’s earnings, with the lowest sales estimate coming in at $196.10 million and the highest estimate coming in at $197.27 million. WNS reported sales of $182.30 million in the same quarter last year, which would suggest a positive year-over-year growth rate of 8%. The firm is scheduled to issue its next earnings report before the market opens on Thursday, October 25th.

According to Zacks, analysts expect that WNS will report full-year sales of $806.09 million for the current year, with estimates ranging from $800.39 million to $810.83 million. For the next year, analysts forecast that the business will post sales of $887.11 million, with estimates ranging from $871.80 million to $894.03 million. Zacks’ sales averages are a mean average based on a survey of sell-side research analysts that cover WNS.

WNS (NYSE:WNS) last announced its quarterly earnings data on Thursday, July 19th. The business services provider reported $0.59 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.51 by $0.08. WNS had a return on equity of 22.42% and a net margin of 11.84%. The firm had revenue of $196.00 million for the quarter, compared to analyst estimates of $193.79 million. During the same quarter in the prior year, the company posted $0.45 earnings per share. WNS’s quarterly revenue was up 11.8% on a year-over-year basis.

WNS has been the topic of a number of recent analyst reports. Barrington Research reaffirmed a “buy” rating and set a $60.00 price objective on shares of WNS in a report on Friday. Zacks Investment Research raised WNS from a “hold” rating to a “buy” rating and set a $60.00 price objective on the stock in a report on Sunday, July 15th. ValuEngine lowered WNS from a “strong-buy” rating to a “buy” rating in a report on Friday, August 24th. Citigroup upped their target price on WNS from $56.00 to $57.00 and gave the company a “buy” rating in a report on Friday, July 20th. Finally, Loop Capital upped their target price on WNS to $60.00 and gave the company a “buy” rating in a report on Friday, July 20th. Two equities research analysts have rated the stock with a hold rating, nine have issued a buy rating and one has issued a strong buy rating to the company. The stock presently has a consensus rating of “Buy” and an average target price of $52.82.

Shares of WNS stock opened at $50.46 on Tuesday. WNS has a 1-year low of $35.94 and a 1-year high of $54.38. The firm has a market cap of $2.55 billion, a P/E ratio of 27.68, a price-to-earnings-growth ratio of 2.13 and a beta of 0.73. The company has a current ratio of 1.91, a quick ratio of 1.91 and a debt-to-equity ratio of 0.13.

A number of institutional investors have recently bought and sold shares of WNS. NumerixS Investment Technologies Inc acquired a new stake in WNS in the second quarter valued at $104,000. Financial Gravity Wealth Inc. acquired a new stake in shares of WNS during the first quarter valued at $136,000. Advisors Asset Management Inc. boosted its stake in shares of WNS by 103.1% during the second quarter. Advisors Asset Management Inc. now owns 2,738 shares of the business services provider’s stock valued at $143,000 after acquiring an additional 1,390 shares during the last quarter. Citigroup Inc. boosted its stake in shares of WNS by 89.4% during the first quarter. Citigroup Inc. now owns 3,278 shares of the business services provider’s stock valued at $149,000 after acquiring an additional 1,547 shares during the last quarter. Finally, Fiera Capital Corp acquired a new stake in shares of WNS during the first quarter valued at $212,000. 86.88% of the stock is currently owned by institutional investors.

WNS Company Profile

WNS (Holdings) Limited, a business process management company, together with its subsidiaries, provides data, voice, analytical, and business transformation services worldwide. It operates through two segments, WNS Global BPM and WNS Auto Claims BPM. The company offers industry-specific services to clients primarily in insurance; travel and leisure; diversified businesses, including manufacturing, retail, consumer packaged goods, media and entertainment, and telecommunication; utilities; consulting and professional services; healthcare; banking and financial services; and shipping and logistics industries.

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