Concentrix (NASDAQ:CNXC) Posts Earnings Results, Misses Estimates By $0.42 EPS

Key Points

• Concentrix reported an earnings per share (EPS) of $2.46 for the quarter, missing analysts' estimates by $0.42.
• The company has updated its FY 2025 EPS guidance to 11.110-11.230 and Q4 2025 guidance to 2.850-2.960.
• Shares closed down $0.61 at $54.99 following the earnings announcement, with a current debt-to-equity ratio of 1.14.

Concentrix (NASDAQ:CNXC - Get Free Report) issued its earnings results on Thursday. The company reported $2.46 EPS for the quarter, missing analysts' consensus estimates of $2.88 by ($0.42), Zacks reports. Concentrix had a net margin of 2.54% and a return on equity of 16.31%. Concentrix updated its FY 2025 guidance to 11.110-11.230 EPS and its Q4 2025 guidance to 2.850-2.960 EPS.

Concentrix Stock Performance

Shares of NASDAQ CNXC traded down $0.61 during midday trading on Thursday, hitting $54.99. The company's stock had a trading volume of 1,211,669 shares, compared to its average volume of 785,649. Concentrix has a 1-year low of $36.28 and a 1-year high of $66.00. The firm's fifty day moving average price is $52.74 and its 200-day moving average price is $52.56. The company has a debt-to-equity ratio of 1.14, a quick ratio of 1.61 and a current ratio of 1.61. The firm has a market cap of $3.47 billion, a P/E ratio of 15.11, a P/E/G ratio of 0.73 and a beta of 0.53.

Wall Street Analyst Weigh In

A number of equities analysts have recently commented on the stock. Bank of America cut their target price on shares of Concentrix from $65.00 to $61.00 and set a "neutral" rating on the stock in a research note on Friday, June 27th. Canaccord Genuity Group reaffirmed a "buy" rating and set a $80.00 price target on shares of Concentrix in a research note on Tuesday. Robert W. Baird lifted their price target on shares of Concentrix from $72.00 to $75.00 and gave the stock an "outperform" rating in a research note on Thursday, September 18th. Wall Street Zen downgraded shares of Concentrix from a "buy" rating to a "hold" rating in a research note on Saturday, June 21st. Finally, Barrington Research reaffirmed an "outperform" rating and set a $62.00 price target on shares of Concentrix in a research note on Wednesday. One equities research analyst has rated the stock with a Strong Buy rating, three have given a Buy rating and one has assigned a Hold rating to the stock. According to data from MarketBeat, Concentrix has a consensus rating of "Buy" and an average target price of $69.50.

Insider Activity at Concentrix

In other news, EVP Cormac J. Twomey sold 500 shares of Concentrix stock in a transaction dated Wednesday, July 30th. The shares were sold at an average price of $57.91, for a total value of $28,955.00. Following the completion of the transaction, the executive vice president directly owned 37,130 shares of the company's stock, valued at approximately $2,150,198.30. The trade was a 1.33% decrease in their position. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. Company insiders own 3.20% of the company's stock.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently modified their holdings of CNXC. AQR Capital Management LLC boosted its holdings in shares of Concentrix by 25.5% in the 2nd quarter. AQR Capital Management LLC now owns 4,305,469 shares of the company's stock valued at $226,252,000 after buying an additional 875,556 shares during the period. Goldman Sachs Group Inc. lifted its position in Concentrix by 75.1% in the 1st quarter. Goldman Sachs Group Inc. now owns 423,287 shares of the company's stock valued at $23,552,000 after purchasing an additional 181,546 shares during the last quarter. Quantinno Capital Management LP lifted its position in Concentrix by 87.3% in the 2nd quarter. Quantinno Capital Management LP now owns 323,404 shares of the company's stock valued at $17,094,000 after purchasing an additional 150,698 shares during the last quarter. State Street Corp lifted its position in Concentrix by 8.7% in the 2nd quarter. State Street Corp now owns 1,622,854 shares of the company's stock valued at $85,776,000 after purchasing an additional 130,529 shares during the last quarter. Finally, Ieq Capital LLC lifted its position in Concentrix by 44.7% in the 2nd quarter. Ieq Capital LLC now owns 243,888 shares of the company's stock valued at $12,891,000 after purchasing an additional 75,306 shares during the last quarter. 90.34% of the stock is owned by institutional investors and hedge funds.

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.

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