Brokers Offer Predictions for ExlService Holdings, Inc.’s Q1 2019 Earnings (EXLS)

ExlService Holdings, Inc. (NASDAQ:EXLS) – Stock analysts at Wedbush dropped their Q1 2019 earnings per share (EPS) estimates for shares of ExlService in a research report issued to clients and investors on Tuesday. Wedbush analyst M. Katri now expects that the business services provider will post earnings of $0.53 per share for the quarter, down from their previous forecast of $0.58. Wedbush also issued estimates for ExlService’s Q2 2019 earnings at $0.56 EPS.

EXLS has been the subject of several other reports. Cowen restated a “buy” rating on shares of ExlService in a research note on Friday, September 1st. Robert W. Baird restated a “buy” rating and set a $62.00 target price on shares of ExlService in a research note on Friday, September 8th. Zacks Investment Research cut ExlService from a “buy” rating to a “hold” rating in a research note on Wednesday, September 27th. SunTrust Banks restated a “hold” rating and set a $60.00 target price on shares of ExlService in a research note on Monday, October 9th. Finally, Cantor Fitzgerald restated a “buy” rating and set a $64.00 target price on shares of ExlService in a research note on Thursday, October 26th. One analyst has rated the stock with a sell rating, seven have issued a hold rating and six have given a buy rating to the company. The company presently has a consensus rating of “Hold” and an average target price of $62.33.

Shares of ExlService (NASDAQ:EXLS) traded up $0.18 during mid-day trading on Wednesday, hitting $60.97. The company had a trading volume of 128,017 shares, compared to its average volume of 157,518. The company has a current ratio of 3.81, a quick ratio of 3.81 and a debt-to-equity ratio of 0.08. The company has a market capitalization of $2,058.30, a PE ratio of 25.27, a P/E/G ratio of 2.09 and a beta of 1.26. ExlService has a fifty-two week low of $44.25 and a fifty-two week high of $62.99.

ExlService (NASDAQ:EXLS) last issued its quarterly earnings results on Thursday, October 26th. The business services provider reported $0.68 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.65 by $0.03. The business had revenue of $192.30 million during the quarter, compared to analysts’ expectations of $191.20 million. ExlService had a return on equity of 14.81% and a net margin of 9.94%. The firm’s revenue for the quarter was up 12.3% compared to the same quarter last year. During the same period in the previous year, the company posted $0.61 earnings per share.

Institutional investors and hedge funds have recently made changes to their positions in the company. Riverhead Capital Management LLC lifted its stake in shares of ExlService by 61.7% in the 2nd quarter. Riverhead Capital Management LLC now owns 2,264 shares of the business services provider’s stock valued at $126,000 after acquiring an additional 864 shares during the last quarter. ETRADE Capital Management LLC bought a new position in shares of ExlService in the 3rd quarter valued at $216,000. Sei Investments Co. lifted its stake in shares of ExlService by 105.3% in the 2nd quarter. Sei Investments Co. now owns 3,899 shares of the business services provider’s stock valued at $217,000 after acquiring an additional 2,000 shares during the last quarter. Fortaleza Asset Management Inc. bought a new position in shares of ExlService in the 2nd quarter valued at $230,000. Finally, GSA Capital Partners LLP bought a new position in shares of ExlService in the 2nd quarter valued at $234,000. Institutional investors own 95.73% of the company’s stock.

In other news, CEO Rohit Kapoor sold 14,220 shares of the stock in a transaction on Tuesday, September 19th. The stock was sold at an average price of $55.63, for a total value of $791,058.60. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Director David B. Kelso sold 7,329 shares of the stock in a transaction on Tuesday, December 5th. The shares were sold at an average price of $60.72, for a total value of $445,016.88. Following the completion of the transaction, the director now owns 4,629 shares of the company’s stock, valued at $281,072.88. The disclosure for this sale can be found here. Insiders have sold 399,689 shares of company stock valued at $23,382,485 over the last 90 days. Corporate insiders own 5.80% of the company’s stock.

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ExlService Company Profile

ExlService Holdings, Inc is an operations management and analytics company. The Company segments include Insurance; Healthcare; Travel, Transportation and Logistics; Finance and Accounting (F&A); Analytics, and All Other. The Insurance operating segment serves property and casualty insurance, life insurance, disability insurance, annuity and retirement services companies.

Earnings History and Estimates for ExlService (NASDAQ:EXLS)

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