Concentrix (NASDAQ:CNXC) Releases FY25 Earnings Guidance

Concentrix (NASDAQ:CNXC) updated its FY25 earnings guidance on Wednesday. The company provided EPS guidance of $11.18-11.77 for the period, compared to the consensus EPS estimate of $11.45. The company issued revenue guidance of $9.490-9.635 billion, compared to the consensus revenue estimate of $9.54 billion. Concentrix also updated its FY 2025 guidance to 11.180-11.770 EPS.

Concentrix Trading Up 1.1 %

Shares of CNXC opened at $45.68 on Thursday. The stock has a 50 day simple moving average of $47.58 and a 200-day simple moving average of $47.73. Concentrix has a 1 year low of $36.28 and a 1 year high of $77.00. The stock has a market cap of $2.94 billion, a PE ratio of 12.31, a PEG ratio of 0.63 and a beta of 0.69. The company has a current ratio of 1.42, a quick ratio of 1.42 and a debt-to-equity ratio of 1.17.

Concentrix (NASDAQ:CNXC) last announced its quarterly earnings results on Wednesday, March 26th. The company reported $2.79 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.58 by $0.21. Concentrix had a net margin of 2.61% and a return on equity of 16.67%. The firm had revenue of $2.37 billion during the quarter, compared to the consensus estimate of $2.37 billion. During the same period last year, the firm posted $2.57 EPS. The firm’s quarterly revenue was down 1.3% on a year-over-year basis. On average, sell-side analysts predict that Concentrix will post 10.11 EPS for the current fiscal year.

Concentrix Cuts Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, February 11th. Shareholders of record on Friday, January 31st were paid a $0.3328 dividend. This represents a $1.33 dividend on an annualized basis and a yield of 2.91%. The ex-dividend date was Friday, January 31st. Concentrix’s dividend payout ratio is currently 35.85%.

Analyst Upgrades and Downgrades

A number of brokerages have commented on CNXC. Canaccord Genuity Group decreased their price objective on shares of Concentrix from $100.00 to $80.00 and set a “buy” rating on the stock in a report on Thursday, January 16th. Barrington Research reduced their price objective on Concentrix from $70.00 to $54.00 and set an “outperform” rating on the stock in a report on Monday. One research analyst has rated the stock with a hold rating, four have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. According to data from MarketBeat, the stock presently has an average rating of “Buy” and a consensus price target of $71.80.

Insider Buying and Selling at Concentrix

In related news, Director Kathryn Hayley acquired 500 shares of the company’s stock in a transaction that occurred on Wednesday, January 22nd. The stock was acquired at an average price of $50.22 per share, for a total transaction of $25,110.00. Following the completion of the acquisition, the director now owns 3,034 shares of the company’s stock, valued at $152,367.48. This trade represents a 19.73 % increase in their position. The purchase was disclosed in a legal filing with the SEC, which is available at the SEC website. Corporate insiders own 3.20% of the company’s stock.

About Concentrix

Concentrix Corporation engages in the provision of technology-infused customer experience (CX) solutions worldwide. The company provides CX process optimization, technology innovation, front- and back-office automation, analytics, and business transformation services, across various channels of communication, such as voice, chat, email, social media, asynchronous messaging, and custom applications.