IBEX (NASDAQ:IBEX) Issues Quarterly Earnings Results, Beats Expectations By $0.01 EPS

Key Points

• IBEX beat quarterly expectations: The company reported $0.85 in EPS, $0.01 above consensus, while revenue reached $164.27 million versus estimates of $160.02 million.
• Shares rose and institutional ownership remains high: IBEX stock climbed to $37.26 in Thursday trading, and institutional investors hold 81.24% of outstanding shares.
• Analysts remain cautious: IBEX has a consensus “Hold” rating from two analysts, with an average price target of $40.00.

IBEX (NASDAQ:IBEX - Get Free Report) issued its quarterly earnings data on Thursday. The company reported $0.85 EPS for the quarter, topping analysts' consensus estimates of $0.84 by $0.01, FiscalAI reports. The firm had revenue of $164.27 million for the quarter, compared to analyst estimates of $160.02 million. IBEX had a net margin of 7.53% and a return on equity of 31.50%.

IBEX Stock Performance

Shares of IBEX stock traded up $0.22 during mid-day trading on Thursday, reaching $37.26. 182,012 shares of the company were exchanged, compared to its average volume of 121,142. The business's 50 day simple moving average is $35.70 and its 200 day simple moving average is $31.66. The company has a market capitalization of $498.91 million, a P/E ratio of 11.64 and a beta of 0.72. IBEX has a fifty-two week low of $25.94 and a fifty-two week high of $42.99.

Institutional Inflows and Outflows

A number of large investors have recently added to or reduced their stakes in IBEX. Advisory Services Network LLC bought a new position in shares of IBEX during the third quarter worth about $46,000. Amundi bought a new stake in shares of IBEX in the 1st quarter valued at approximately $74,000. Empowered Funds LLC acquired a new stake in shares of IBEX during the 4th quarter valued at approximately $84,000. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. raised its position in shares of IBEX by 8.6% during the 2nd quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 5,466 shares of the company's stock valued at $159,000 after acquiring an additional 434 shares in the last quarter. Finally, Quantbot Technologies LP lifted its stake in IBEX by 18,435.1% during the second quarter. Quantbot Technologies LP now owns 6,858 shares of the company's stock worth $200,000 after purchasing an additional 6,821 shares during the last quarter. 81.24% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

Separately, Weiss Ratings restated a "hold (c+)" rating on shares of IBEX in a research note on Friday, July 31st. Two investment analysts have rated the stock with a Hold rating, Based on data from MarketBeat, the stock has a consensus rating of "Hold" and an average target price of $40.00.

About IBEX

IBEX Holdings, Inc is a global business process outsourcing (BPO) company that specializes in customer experience solutions for a range of industries, including telecommunications, cable, technology, financial services and e-commerce. The company's core offerings encompass multichannel customer support delivered via voice, email, chat, social media and digital self-service platforms. In addition to front-line contact center services, IBEX provides back-office processing, order management, technical troubleshooting and analytics-driven insights to help clients optimize operational efficiency and customer satisfaction.

Beyond traditional contact center operations, IBEX has built a proprietary technology stack designed to integrate real-time data analytics, workforce management and quality assurance.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.