Wedbush Research Analysts Lift Earnings Estimates for ExlService Holdings, Inc. (EXLS)

ExlService Holdings, Inc. (NASDAQ:EXLS) – Wedbush raised their Q1 2018 earnings per share estimates for ExlService in a note issued to investors on Tuesday. Wedbush analyst M. Katri now anticipates that the business services provider will post earnings per share of $0.55 for the quarter, up from their prior estimate of $0.50. Wedbush also issued estimates for ExlService’s Q2 2018 earnings at $0.55 EPS, Q3 2018 earnings at $0.63 EPS, Q4 2018 earnings at $0.62 EPS, FY2018 earnings at $2.35 EPS, Q1 2019 earnings at $0.60 EPS, Q2 2019 earnings at $0.64 EPS, Q3 2019 earnings at $0.66 EPS, Q4 2019 earnings at $0.63 EPS and FY2019 earnings at $2.53 EPS.

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

A number of other equities research analysts have also recently commented on the stock. Zacks Investment Research raised shares of ExlService from a “sell” rating to a “buy” rating and set a $69.00 target price for the company in a research report on Thursday. BidaskClub cut shares of ExlService from a “hold” rating to a “sell” rating in a research report on Thursday, January 4th. ValuEngine cut shares of ExlService from a “buy” rating to a “hold” rating in a research report on Friday, December 1st. Needham & Company LLC reissued a “buy” rating and set a $68.00 target price (up previously from $60.00) on shares of ExlService in a research report on Sunday, October 29th. Finally, Barrington Research increased their target price on shares of ExlService from $65.00 to $72.00 and gave the company an “outperform” rating in a research report on Friday, October 27th. Two analysts have rated the stock with a sell rating, five have assigned a hold rating and seven have assigned a buy rating to the company. The company currently has a consensus rating of “Hold” and a consensus price target of $62.42.

ExlService (NASDAQ EXLS) traded up $0.72 during trading hours on Thursday, reaching $62.15. 86,900 shares of the company were exchanged, compared to its average volume of 89,213. ExlService has a 12 month low of $44.25 and a 12 month high of $63.35. The company has a debt-to-equity ratio of 0.08, a current ratio of 3.81 and a quick ratio of 3.81. The stock has a market capitalization of $2,110.00, a PE ratio of 29.45, a price-to-earnings-growth ratio of 1.93 and a beta of 1.26.

In other news, EVP Nalin Kumar Miglani sold 3,526 shares of the stock in a transaction on Tuesday, December 5th. The shares were sold at an average price of $60.37, for a total value of $212,864.62. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, CEO Rohit Kapoor sold 931 shares of the stock in a transaction on Monday, October 30th. The stock was sold at an average price of $62.50, for a total transaction of $58,187.50. The disclosure for this sale can be found here. In the last ninety days, insiders sold 55,340 shares of company stock valued at $3,427,555. Corporate insiders own 5.80% of the company’s stock.

Several large investors have recently added to or reduced their stakes in EXLS. Riverhead Capital Management LLC increased its stake in shares of ExlService by 61.7% in the second quarter. Riverhead Capital Management LLC now owns 2,264 shares of the business services provider’s stock worth $126,000 after acquiring an additional 864 shares during the period. ETRADE Capital Management LLC acquired a new stake in shares of ExlService in the third quarter worth $216,000. GSA Capital Partners LLP acquired a new stake in shares of ExlService in the second quarter worth $234,000. Pinebridge Investments L.P. increased its stake in shares of ExlService by 1.5% in the second quarter. Pinebridge Investments L.P. now owns 4,437 shares of the business services provider’s stock worth $246,000 after acquiring an additional 67 shares during the period. Finally, Amalgamated Bank increased its stake in shares of ExlService by 5.2% in the second quarter. Amalgamated Bank now owns 4,539 shares of the business services provider’s stock worth $252,000 after acquiring an additional 225 shares during the period. Hedge funds and other institutional investors own 92.13% of the company’s stock.

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About ExlService

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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