Concentrix (NASDAQ:CNXC) Updates FY25 Earnings Guidance

Concentrix (NASDAQ:CNXC) updated its FY25 earnings guidance on Wednesday. The company provided earnings per share (EPS) guidance of $11.18-11.77 for the period, compared to the consensus estimate of $11.97. The company issued revenue guidance of $9.47-9.61 billion, compared to the consensus revenue estimate of $9.73 billion. Concentrix also updated its FY 2025 guidance to 11.180-11.770 EPS.

Concentrix Price Performance

Shares of NASDAQ CNXC opened at $48.78 on Friday. The stock has a market cap of $3.16 billion, a P/E ratio of 15.84, a P/E/G ratio of 0.60 and a beta of 0.63. The firm’s 50-day simple moving average is $43.34 and its 200 day simple moving average is $54.98. Concentrix has a fifty-two week low of $36.28 and a fifty-two week high of $106.10. The company has a quick ratio of 1.57, a current ratio of 1.57 and a debt-to-equity ratio of 1.18.

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

Concentrix Cuts Dividend

The company also recently announced a quarterly dividend, which will be paid on Tuesday, February 11th. Shareholders of record on Friday, January 31st will be given a $0.3328 dividend. The ex-dividend date is Friday, January 31st. This represents a $1.33 dividend on an annualized basis and a yield of 2.73%. Concentrix’s dividend payout ratio (DPR) is 43.18%.

Analyst Ratings Changes

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

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.