IBEX (NASDAQ:IBEX) Issues Quarterly Earnings Results, Beats Expectations By $0.02 EPS

IBEX (NASDAQ:IBEX) posted its earnings results on Thursday. The company reported $0.51 EPS for the quarter, topping the consensus estimate of $0.49 by $0.02, Zacks reports. IBEX had a return on equity of 22.54% and a net margin of 6.57%. IBEX updated its FY 2025 guidance to EPS.

IBEX Stock Up 4.7 %

IBEX opened at $23.29 on Friday. The business’s fifty day simple moving average is $21.21 and its 200 day simple moving average is $19.30. IBEX has a 52 week low of $13.00 and a 52 week high of $22.67. The stock has a market cap of $390.39 million, a PE ratio of 12.72 and a beta of 0.78.

Insiders Place Their Bets

In other news, Director Group International L. Resource sold 54,517 shares of IBEX stock in a transaction dated Monday, November 11th. The stock was sold at an average price of $20.01, for a total value of $1,090,885.17. Following the transaction, the director now owns 5,293,915 shares in the company, valued at approximately $105,931,239.15. The trade was a 1.02 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, major shareholder Gem G.P. L.P. Pinebridge II sold 78,728 shares of the stock in a transaction dated Wednesday, November 20th. The shares were sold at an average price of $20.12, for a total value of $1,584,007.36. Following the sale, the insider now owns 1,641,011 shares of the company’s stock, valued at $33,017,141.32. This represents a 4.58 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 326,404 shares of company stock valued at $6,630,013 over the last 90 days. Insiders own 6.72% of the company’s stock.

Analyst Ratings Changes

Separately, Robert W. Baird boosted their price objective on IBEX from $23.00 to $26.00 and gave the stock an “outperform” rating in a report on Friday, November 8th. Two research analysts have rated the stock with a hold rating and two have given a buy rating to the stock. Based on data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $21.25.

About IBEX

IBEX Limited provides end-to-end technology-enabled customer lifecycle experience solutions in the United States and internationally. The company products and services portfolio includes ibex Connect, that offers customer service, technical support, revenue generation, and other revenue generation outsourced back-office services through the CX model, which integrates voice, email, chat, SMS, social media, and other communication applications; ibex Digital, a customer acquisition solution that comprises digital marketing, e-commerce technology, and platform solutions; and ibex CX, a customer experience solution, which provides a suite of proprietary software tools to measure, monitor, and manage its clients' customer experience.