Zacks: Brokerages Expect ExlService Holdings, Inc. (EXLS) Will Announce Quarterly Sales of $234.08 Million

Brokerages expect ExlService Holdings, Inc. (NASDAQ:EXLS) to announce sales of $234.08 million for the current fiscal quarter, Zacks reports. Eight analysts have provided estimates for ExlService’s earnings, with estimates ranging from $232.81 million to $235.44 million. ExlService posted sales of $197.88 million during the same quarter last year, which would indicate a positive year-over-year growth rate of 18.3%. The business is expected to announce its next earnings results on Tuesday, February 26th.

On average, analysts expect that ExlService will report full year sales of $882.25 million for the current fiscal year, with estimates ranging from $881.02 million to $883.65 million. For the next year, analysts forecast that the company will report sales of $999.66 million, with estimates ranging from $995.00 million to $1.00 billion. Zacks Investment Research’s sales averages are a mean average based on a survey of sell-side research firms that that provide coverage for ExlService.

ExlService (NASDAQ:EXLS) last released its quarterly earnings results on Thursday, November 1st. The business services provider reported $0.71 EPS for the quarter, hitting the Zacks’ consensus estimate of $0.71. The business had revenue of $231.12 million for the quarter, compared to analyst estimates of $231.49 million. ExlService had a return on equity of 13.96% and a net margin of 5.14%. ExlService’s revenue for the quarter was up 20.2% on a year-over-year basis. During the same period in the prior year, the company earned $0.69 EPS.

Several research analysts have issued reports on EXLS shares. Zacks Investment Research downgraded ExlService from a “buy” rating to a “hold” rating in a report on Tuesday, July 17th. BidaskClub raised ExlService from a “buy” rating to a “strong-buy” rating in a report on Wednesday, September 19th. ValuEngine raised ExlService from a “hold” rating to a “buy” rating in a report on Saturday, September 1st. Finally, Barrington Research reaffirmed a “buy” rating and set a $70.00 price objective on shares of ExlService in a report on Tuesday, September 25th. One investment analyst has rated the stock with a sell rating, two have assigned a hold rating and six have assigned a buy rating to the stock. ExlService has a consensus rating of “Buy” and a consensus price target of $65.20.

NASDAQ EXLS traded up $0.12 during trading hours on Friday, reaching $58.44. 139,777 shares of the company’s stock were exchanged, compared to its average volume of 185,344. ExlService has a one year low of $52.52 and a one year high of $67.06. The company has a debt-to-equity ratio of 0.50, a current ratio of 3.28 and a quick ratio of 3.28. The firm has a market cap of $2.01 billion, a PE ratio of 23.19, a price-to-earnings-growth ratio of 2.03 and a beta of 1.23.

In other news, CEO Rohit Kapoor sold 6,761 shares of the stock in a transaction on Wednesday, August 29th. The stock was sold at an average price of $62.54, for a total value of $422,832.94. Following the transaction, the chief executive officer now owns 351,559 shares of the company’s stock, valued at approximately $21,986,499.86. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, Director Garen K. Staglin sold 5,631 shares of the stock in a transaction on Monday, September 10th. The shares were sold at an average price of $64.18, for a total value of $361,397.58. Following the completion of the transaction, the director now directly 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 ninety days, insiders have sold 104,233 shares of company stock worth $6,727,414. Company insiders own 4.40% of the company’s stock.

Several hedge funds have recently bought and sold shares of the company. FMR LLC lifted its stake in shares of ExlService by 1.0% in the 3rd quarter. FMR LLC now owns 3,191,711 shares of the business services provider’s stock valued at $211,291,000 after purchasing an additional 31,019 shares during the period. BlackRock Inc. lifted its stake in shares of ExlService by 3.8% in the 3rd quarter. BlackRock Inc. now owns 4,891,475 shares of the business services provider’s stock valued at $323,815,000 after purchasing an additional 179,593 shares during the period. PNC Financial Services Group Inc. lifted its stake in shares of ExlService by 2.5% in the 3rd quarter. PNC Financial Services Group Inc. now owns 40,182 shares of the business services provider’s stock valued at $2,662,000 after purchasing an additional 977 shares during the period. Bank of New York Mellon Corp lifted its stake in shares of ExlService by 3.5% in the 3rd quarter. Bank of New York Mellon Corp now owns 455,522 shares of the business services provider’s stock valued at $30,155,000 after purchasing an additional 15,251 shares during the period. Finally, Commonwealth of Pennsylvania Public School Empls Retrmt SYS lifted its stake in shares of ExlService by 12.6% in the 3rd quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS now owns 8,192 shares of the business services provider’s stock valued at $542,000 after purchasing an additional 916 shares during the period. 91.63% of the stock is currently owned by institutional investors.

ExlService Company Profile

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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