Concentrix (NASDAQ:CNXC - Get Free Report) issued an update on its fourth quarter 2025 earnings guidance on Thursday morning. The company provided EPS guidance of 2.850-2.960 for the period, compared to the consensus EPS estimate of 3.180. The company issued revenue guidance of $2.5 billion-$2.6 billion, compared to the consensus revenue estimate of $2.5 billion. Concentrix also updated its FY 2025 guidance to 11.110-11.230 EPS.
Concentrix Stock Performance
Shares of CNXC traded down $0.61 during trading hours on Thursday, reaching $54.99. 1,146,293 shares of the company's stock traded hands, compared to its average volume of 783,761. The business's fifty day simple moving average is $52.74 and its two-hundred day simple moving average is $52.56. Concentrix has a twelve month low of $36.28 and a twelve month high of $66.00. The firm has a market capitalization of $3.47 billion, a price-to-earnings ratio of 15.11, a P/E/G ratio of 0.73 and a beta of 0.53. The company has a debt-to-equity ratio of 1.14, a current ratio of 1.61 and a quick ratio of 1.61.
Concentrix (NASDAQ:CNXC - Get Free Report) last issued its quarterly earnings data on Thursday, June 26th. The company reported $2.70 earnings per share for the quarter, missing analysts' consensus estimates of $2.76 by ($0.06). Concentrix had a net margin of 2.54% and a return on equity of 16.31%. The company had revenue of $2.42 billion during the quarter, compared to the consensus estimate of $2.38 billion. During the same period in the previous year, the business posted $2.69 earnings per share. The firm's revenue was up 1.5% on a year-over-year basis. Analysts predict that Concentrix will post 10.11 earnings per share for the current year.
Analysts Set New Price Targets
Several research analysts have recently weighed in on the company. Wall Street Zen cut Concentrix from a "buy" rating to a "hold" rating in a research report on Saturday, June 21st. Bank of America lowered their target price on Concentrix from $65.00 to $61.00 and set a "neutral" rating on the stock in a research note on Friday, June 27th. Barrington Research restated an "outperform" rating and set a $62.00 price objective on shares of Concentrix in a research note on Wednesday. Robert W. Baird raised their target price on Concentrix from $72.00 to $75.00 and gave the company an "outperform" rating in a report on Thursday, September 18th. Finally, Canaccord Genuity Group reissued a "buy" rating and set a $80.00 price objective on shares of Concentrix in a report on Tuesday. One equities research analyst has rated the stock with a Strong Buy rating, three have issued a Buy rating and one has given a Hold rating to the company. According to MarketBeat, the stock presently has an average rating of "Buy" and a consensus price target of $69.50.
Check Out Our Latest Research Report on CNXC
Insider Buying and Selling
In other Concentrix news, EVP Cormac J. Twomey sold 500 shares of the business's stock in a transaction on Wednesday, July 30th. The shares were sold at an average price of $57.91, for a total transaction of $28,955.00. Following the sale, the executive vice president owned 37,130 shares of the company's stock, valued at $2,150,198.30. The trade was a 1.33% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this link. Insiders own 3.20% of the company's stock.
Institutional Inflows and Outflows
Several hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Sivia Capital Partners LLC raised its stake in Concentrix by 34.4% in the second quarter. Sivia Capital Partners LLC now owns 6,283 shares of the company's stock worth $332,000 after buying an additional 1,607 shares in the last quarter. Engineers Gate Manager LP raised its stake in Concentrix by 85.8% in the second quarter. Engineers Gate Manager LP now owns 25,732 shares of the company's stock worth $1,360,000 after buying an additional 11,884 shares in the last quarter. State of Tennessee Department of Treasury raised its stake in Concentrix by 368.4% in the second quarter. State of Tennessee Department of Treasury now owns 25,291 shares of the company's stock worth $1,337,000 after buying an additional 19,891 shares in the last quarter. Captrust Financial Advisors raised its stake in Concentrix by 5.6% in the second quarter. Captrust Financial Advisors now owns 19,170 shares of the company's stock worth $1,013,000 after buying an additional 1,021 shares in the last quarter. Finally, Focus Partners Wealth bought a new position in Concentrix in the first quarter worth about $781,000. 90.34% of the stock is currently owned by hedge funds and other institutional investors.
About Concentrix
(
Get Free Report)
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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