ExlService (NASDAQ:EXLS) announced its quarterly earnings results on Tuesday. The business services provider reported $0.74 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.71 by $0.03, Briefing.com reports. ExlService had a return on equity of 13.63% and a net margin of 5.27%. The firm had revenue of $243.50 million for the quarter, compared to analysts’ expectations of $241.67 million. During the same period in the prior year, the business posted $0.67 earnings per share. The company’s revenue was up 15.9% on a year-over-year basis. ExlService updated its FY 2019 guidance to $2.86-2.98 EPS and its FY19 guidance to $2.86-2.98 EPS.
Shares of EXLS stock traded up $0.42 during trading on Wednesday, hitting $68.79. The company had a trading volume of 227,478 shares, compared to its average volume of 117,353. The company has a quick ratio of 3.40, a current ratio of 3.40 and a debt-to-equity ratio of 0.48. The business’s 50-day simple moving average is $64.96. The firm has a market cap of $2.32 billion, a PE ratio of 29.78, a price-to-earnings-growth ratio of 2.68 and a beta of 1.08. ExlService has a 52 week low of $44.29 and a 52 week high of $70.03.
In related news, SVP Ajay Ayyappan sold 1,892 shares of the company’s stock in a transaction that occurred on Tuesday, June 18th. The shares were sold at an average price of $63.50, for a total value of $120,142.00. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, EVP Vikas Bhalla sold 10,000 shares of the company’s stock in a transaction that occurred on Monday, June 24th. The stock was sold at an average price of $66.35, for a total transaction of $663,500.00. Following the completion of the transaction, the executive vice president now owns 920 shares in the company, valued at $61,042. The disclosure for this sale can be found here. 3.60% of the stock is currently owned by corporate insiders.
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.
Read More: What are catch-up contributions?
Receive News & Ratings for ExlService Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for ExlService and related companies with MarketBeat.com's FREE daily email newsletter.