Concentrix (CNXC) to Release Quarterly Earnings on Wednesday

Concentrix (NASDAQ:CNXC) is scheduled to issue its quarterly earnings data after the market closes on Wednesday, June 26th. Analysts expect the company to announce earnings of $2.34 per share for the quarter. Parties interested in participating in the company’s conference call can do so using this link.

Concentrix (NASDAQ:CNXC) last announced its quarterly earnings data on Tuesday, March 26th. The company reported $2.33 earnings per share (EPS) for the quarter, missing the consensus estimate of $2.36 by ($0.03). Concentrix had a return on equity of 17.70% and a net margin of 3.53%. The firm had revenue of $2.40 billion for the quarter, compared to analysts’ expectations of $2.38 billion. On average, analysts expect Concentrix to post $11 EPS for the current fiscal year and $12 EPS for the next fiscal year.

Concentrix Price Performance

NASDAQ CNXC opened at $59.97 on Tuesday. Concentrix has a fifty-two week low of $53.89 and a fifty-two week high of $106.10. The stock’s 50-day moving average is $59.93 and its two-hundred day moving average is $74.23. The company has a debt-to-equity ratio of 1.23, a current ratio of 1.56 and a quick ratio of 1.56. The firm has a market cap of $3.96 billion, a P/E ratio of 12.36, a price-to-earnings-growth ratio of 0.71 and a beta of 0.60.

Analyst Upgrades and Downgrades

CNXC has been the topic of several recent research reports. Scotiabank cut their target price on Concentrix from $120.00 to $85.00 and set a “sector outperform” rating on the stock in a report on Monday, April 29th. Barrington Research restated an “outperform” rating and set a $84.00 target price on shares of Concentrix in a report on Friday. Finally, Bank of America reiterated an “underperform” rating and issued a $60.00 price objective (down from $85.00) on shares of Concentrix in a research note on Wednesday, March 27th. One equities research analyst has rated the stock with a sell rating, one has issued a hold rating and two have given a buy rating to the company. Based on data from MarketBeat, Concentrix currently has an average rating of “Hold” and a consensus target price of $74.75.

Insider Buying and Selling at Concentrix

In related news, CEO Christopher A. Caldwell acquired 900 shares of the firm’s stock in a transaction on Friday, April 19th. The shares were bought at an average cost of $54.59 per share, with a total value of $49,131.00. Following the completion of the acquisition, the chief executive officer now owns 239,128 shares of the company’s stock, valued at $13,053,997.52. The acquisition was disclosed in a filing with the SEC, which is accessible through the SEC website. Over the last ninety days, insiders have purchased 1,679 shares of company stock valued at $98,546. 3.00% of the stock is currently owned by corporate insiders.

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.