Concentrix (NASDAQ:CNXC – Get Free Report) issued an update on its FY 2024 earnings guidance on Wednesday morning. The company provided earnings per share (EPS) guidance of 11.400-12.070 for the period, compared to the consensus estimate of 11.910. The company issued revenue guidance of $9.6 billion-$9.7 billion, compared to the consensus revenue estimate of $9.6 billion. Concentrix also updated its FY24 guidance to $11.40-12.07 EPS.
Concentrix Price Performance
Concentrix stock traded down $0.80 during midday trading on Wednesday, reaching $58.02. The company’s stock had a trading volume of 788,390 shares, compared to its average volume of 507,118. Concentrix has a 52 week low of $53.89 and a 52 week high of $106.10. The company has a current ratio of 1.56, a quick ratio of 1.56 and a debt-to-equity ratio of 1.23. The business has a 50-day moving average price of $60.01 and a 200-day moving average price of $73.73. The stock has a market cap of $3.83 billion, a PE ratio of 12.05, a price-to-earnings-growth ratio of 0.69 and a beta of 0.60.
Concentrix (NASDAQ:CNXC – Get Free Report) last released its quarterly earnings results on Tuesday, March 26th. The company reported $2.33 earnings per share for the quarter, missing the consensus estimate of $2.36 by ($0.03). The firm had revenue of $2.40 billion for the quarter, compared to the consensus estimate of $2.38 billion. Concentrix had a return on equity of 17.70% and a net margin of 3.53%. On average, sell-side analysts predict that Concentrix will post 11.03 EPS for the current year.
Analyst Ratings Changes
View Our Latest Research Report on Concentrix
Insider Buying and Selling at Concentrix
In other news, CEO Christopher A. Caldwell acquired 900 shares of the company’s stock in a transaction that occurred on Friday, April 19th. The shares were bought at an average price of $54.59 per share, with a total value of $49,131.00. Following the completion of the purchase, the chief executive officer now directly owns 239,128 shares in the company, valued at $13,053,997.52. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Insiders have purchased a total of 1,679 shares of company stock worth $98,546 over the last ninety days. Company insiders own 3.00% 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.
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