Concentrix (NASDAQ:CNXC) Releases Q1 2025 Earnings Guidance

Concentrix (NASDAQ:CNXC) updated its first quarter 2025 earnings guidance on Wednesday. The company provided EPS guidance of 2.490-2.640 for the period, compared to the consensus EPS estimate of 2.850. The company issued revenue guidance of $2.4 billion-$2.4 billion, compared to the consensus revenue estimate of $2.4 billion. Concentrix also updated its FY 2025 guidance to 11.180-11.770 EPS.

Wall Street Analysts Forecast Growth

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

Concentrix Trading Up 2.8 %

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

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

Concentrix Cuts Dividend

The business 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. This represents a $1.33 annualized dividend and a yield of 2.73%. The ex-dividend date of this dividend is Friday, January 31st. Concentrix’s dividend payout ratio is presently 43.18%.

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.