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WNS (NYSE:WNS) Issues Earnings Results, Beats Expectations By $0.05 EPS

WNS logo with Business Services background

Key Points

  • WNS (NYSE:WNS) reported a quarterly earnings per share (EPS) of $1.02, surpassing analysts' expectations of $0.97 by $0.05, and its revenue also exceeded estimates at $339.90 million.
  • The company experienced a 9.5% year-over-year revenue growth and had a return on equity of 23.03% with a net margin of 12.11%.
  • Despite positive earnings, several brokerages have recently downgraded their ratings on WNS, with a consensus price target now set at $68.13.
  • Want stock alerts on WNS? Get 5 Weeks of MarketBeat All Access for $5. Get My Stock Alerts.

WNS (NYSE:WNS - Get Free Report) released its quarterly earnings data on Thursday. The business services provider reported $1.02 EPS for the quarter, beating the consensus estimate of $0.97 by $0.05, Briefing.com reports. The company had revenue of $339.90 million during the quarter, compared to the consensus estimate of $323.13 million. WNS had a return on equity of 23.03% and a net margin of 12.11%. The firm's revenue for the quarter was up 9.5% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $0.93 EPS.

WNS Stock Performance

NYSE:WNS traded up $0.03 during trading hours on Wednesday, reaching $74.81. 683,985 shares of the stock were exchanged, compared to its average volume of 1,141,109. WNS has a 52 week low of $42.62 and a 52 week high of $75.14. The stock has a market capitalization of $3.47 billion, a P/E ratio of 20.84, a P/E/G ratio of 2.20 and a beta of 0.93. The firm has a 50 day simple moving average of $64.61 and a 200-day simple moving average of $61.18. The company has a quick ratio of 1.76, a current ratio of 1.76 and a debt-to-equity ratio of 0.19.

Institutional Investors Weigh In On WNS

A number of institutional investors have recently added to or reduced their stakes in WNS. Intech Investment Management LLC grew its stake in WNS by 14.4% in the first quarter. Intech Investment Management LLC now owns 19,936 shares of the business services provider's stock valued at $1,226,000 after acquiring an additional 2,508 shares during the period. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC grew its stake in WNS by 19.4% in the first quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 132,778 shares of the business services provider's stock valued at $8,165,000 after acquiring an additional 21,550 shares during the period. Dynamic Technology Lab Private Ltd acquired a new position in WNS in the first quarter valued at about $216,000. Millennium Management LLC grew its stake in WNS by 1,161.1% in the first quarter. Millennium Management LLC now owns 114,386 shares of the business services provider's stock valued at $7,034,000 after acquiring an additional 105,316 shares during the period. Finally, MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. boosted its position in WNS by 4.6% during the first quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 25,568 shares of the business services provider's stock valued at $1,572,000 after purchasing an additional 1,131 shares during the last quarter. 97.36% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

Several equities research analysts recently weighed in on WNS shares. Baird R W cut WNS from a "strong-buy" rating to a "hold" rating in a research note on Tuesday, July 8th. Needham & Company LLC cut WNS from a "moderate buy" rating to a "hold" rating in a report on Monday, July 7th. Jefferies Financial Group reiterated a "hold" rating and issued a $76.50 price target (down from $80.00) on shares of WNS in a report on Tuesday, July 8th. William Blair cut WNS from a "strong-buy" rating to a "market perform" rating in a report on Monday, July 7th. Finally, Wall Street Zen lowered WNS from a "buy" rating to a "hold" rating in a research report on Saturday, July 12th. Nine equities research analysts have rated the stock with a hold rating and two have given a buy rating to the stock. Based on data from MarketBeat.com, the company currently has a consensus rating of "Hold" and a consensus price target of $68.13.

Check Out Our Latest Research Report on WNS

About WNS

(Get Free Report)

WNS (Holdings) Limited, a business process management (BPM) company, provides data, voice, analytical, and business transformation services worldwide. The company operates through TSLU, MRHP, HCLS, and BFSI segments. It engages in diversified business, including manufacturing, retail, consumer packaged goods, media and entertainment, and telecommunication; travel and leisure, utilities, shipping, and logistics; healthcare and life sciences; banking, financial services, and insurance; and Hi-tech and professional services, as well as procurement.

See Also

Earnings History for WNS (NYSE:WNS)

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