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 CNXC stock opened at $48.78 on Friday. The firm 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 has a fifty day moving average of $43.34 and a two-hundred day moving average of $54.98. 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 has a 1-year low of $36.28 and a 1-year high of $106.10.

Concentrix (NASDAQ:CNXC) last posted 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. Concentrix had a return on equity of 16.57% and a net margin of 2.18%. The business had revenue of $2.45 billion during the quarter, compared to the consensus estimate of $2.44 billion. During the same period last year, the firm earned $3.36 earnings per share. The company’s revenue for the quarter was up 9.7% compared to the same quarter last year. As a group, research analysts anticipate that Concentrix will post 10.11 earnings per share for the current fiscal year.

Concentrix Cuts Dividend

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

Wall Street Analyst Weigh In

Several analysts have weighed in on the stock. Robert W. Baird began coverage on shares of Concentrix in a research note on Thursday, October 3rd. They set an “outperform” rating and a $70.00 target price for the company. Canaccord Genuity Group lowered 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. Bank of America dropped 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. Barrington Research decreased their target price on Concentrix from $84.00 to $70.00 and set an “outperform” rating for the company in a research note on Thursday, September 26th. Finally, Baird R W upgraded 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 assigned a buy rating and one has given a strong buy rating to the company. According to MarketBeat.com, Concentrix presently has an average rating of “Buy” and an average target price 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.