Concentrix (NASDAQ:CNXC) Releases Q1 Earnings Guidance

Concentrix (NASDAQ:CNXC) updated its first quarter earnings guidance on Wednesday. The company provided EPS guidance of $2.49-2.64 for the period, compared to the consensus EPS estimate of $2.85. The company issued revenue guidance of $2.355-2.370 billion, compared to the consensus revenue estimate of $2.41 billion. Concentrix also updated its FY 2025 guidance to 11.180-11.770 EPS.

Concentrix Price Performance

Shares of CNXC stock opened at $48.78 on Friday. The company has a debt-to-equity ratio of 1.18, a current ratio of 1.57 and a quick ratio of 1.57. The company has a market capitalization of $3.16 billion, a PE ratio of 15.84, a price-to-earnings-growth ratio of 0.60 and a beta of 0.63. The firm’s 50-day moving average is $43.34 and its two-hundred day moving average is $54.98. Concentrix has a 12 month low of $36.28 and a 12 month high of $106.10.

Concentrix (NASDAQ:CNXC) last released its quarterly earnings results on Wednesday, January 15th. The company reported $3.26 EPS for the quarter, beating the consensus estimate of $3.01 by $0.25. The firm had revenue of $2.45 billion for the quarter, compared to analyst estimates of $2.44 billion. Concentrix had a net margin of 2.18% and a return on equity of 16.57%. The business’s revenue for the quarter was up 9.7% compared to the same quarter last year. During the same quarter in the previous year, the company earned $3.36 EPS. Analysts predict that Concentrix will post 10.11 earnings per share for the current year.

Concentrix Cuts Dividend

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, February 11th. Stockholders of record on Friday, January 31st will be issued a dividend of $0.3328 per share. This represents a $1.33 dividend on an annualized basis and a dividend yield of 2.73%. The ex-dividend date of this dividend is Friday, January 31st. Concentrix’s dividend payout ratio is presently 43.18%.

Analyst Upgrades and Downgrades

A number of research analysts have commented on the stock. Bank of America decreased their target price on shares of Concentrix from $85.00 to $70.00 and set a “neutral” rating on the stock in a research report on Thursday, September 26th. Baird R W upgraded shares of Concentrix to a “strong-buy” rating in a report on Thursday, October 3rd. Barrington Research dropped their target price on shares of Concentrix from $84.00 to $70.00 and set an “outperform” rating for the company in a report on Thursday, September 26th. Canaccord Genuity Group cut their target price on Concentrix from $100.00 to $80.00 and set a “buy” rating on the stock in a research report on Thursday. Finally, Robert W. Baird assumed coverage on Concentrix in a research report on Thursday, October 3rd. They set an “outperform” rating and a $70.00 price target for the company. One analyst has rated the stock with a hold rating, four have given a buy rating and one has issued a strong buy rating to the company’s stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Buy” and a consensus price target of $75.00.

Concentrix Company Profile

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.