Concentrix Stock Price, News & Analysis (NASDAQ:CNXC)

5 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Concentrix in the last year. There are currently 2 hold ratings and 3 buy ratings for the stock. The consensus among Wall Street analysts is that investors should "moderate buy" CNXC shares.
View CNXC analyst ratings or view top-rated stocks.

5 Wall Street research analysts have issued 1-year price objectives for Concentrix's stock. Their CNXC share price targets range from $70.00 to $165.00. On average, they anticipate the company's share price to reach $119.60 in the next twelve months. This suggests a possible upside of 26.5% from the stock's current price.
View analysts price targets for CNXC or view top-rated stocks among Wall Street analysts.

Concentrix's stock was trading at $133.16 at the beginning of 2023. Since then, CNXC stock has decreased by 29.0% and is now trading at $94.58.
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The company is scheduled to release its next quarterly earnings announcement on Thursday, January 18th 2024.
View our CNXC earnings forecast.

Concentrix Co. (NASDAQ:CNXC) issued its quarterly earnings results on Wednesday, September, 27th. The company reported $2.54 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $2.62 by $0.08. The company earned $1.63 billion during the quarter, compared to analyst estimates of $1.64 billion. Concentrix had a trailing twelve-month return on equity of 19.04% and a net margin of 5.35%.

Concentrix declared a quarterly dividend on Wednesday, September 27th. Stockholders of record on Friday, October 27th will be given a dividend of $0.303 per share on Tuesday, November 7th. This represents a $1.21 dividend on an annualized basis and a yield of 1.28%. The ex-dividend date of this dividend is Thursday, October 26th. This is a positive change from the stock's previous quarterly dividend of $0.28.
Read our dividend analysis for CNXC.

Concentrix (NASDAQ:CNXC) pays an annual dividend of $1.21 per share and currently has a dividend yield of 1.27%. The company has been increasing its dividend for 2 consecutive year(s), indicating that it does not yet have a strong track record of dividend growth. The dividend payout ratio is 18.09%. This payout ratio is at a healthy, sustainable level, below 75%. Based on earnings estimates, CNXC will have a dividend payout ratio of 9.78% next year. This indicates that the company will be able to sustain or increase its dividend.
Read our dividend analysis for CNXC.

ETFs with the largest weight of Concentrix (NASDAQ:CNXC) stock in their portfolio include Invesco S&P Spin-Off ETF (CSD), First Trust Technology AlphaDEX Fund (FXL), Thrivent Small-Mid Cap ESG ETF (TSME), First Trust Mid Cap Value AlphaDEX Fund (FNK) and Nuveen ESG Small-Cap ETF (NUSC).Pacer US Cash Cows Growth ETF (BUL).

Concentrix issued an update on its fourth quarter 2023 earnings guidance on Wednesday, September, 27th. The company provided earnings per share (EPS) guidance of $3.03-$3.15 for the period, compared to the consensus earnings per share estimate of $3.32. The company issued revenue guidance of $2.19 billion-$2.21 billion, compared to the consensus revenue estimate of $1.70 billion.

(CNXC) raised $75 million in an initial public offering (IPO) on Wednesday, July 1st 2015. The company issued 5,000,000 shares at $15.00 per share. BofA Merrill Lynch, Wells Fargo Securities, Citigroup, Jefferies, Scotia Howard Weil, Credit Suisse, J.P. Morgan, Evercore ISI, BB&T Capital Markets, Goldman, Sachs, The Huntington Investment Company, Stifel and Nomura acted as the underwriters for the IPO and Clarksons Platou Securities, Cowen and Company and Tuohy Brothers were co-managers.

Concentrix's stock is owned by a variety of retail and institutional investors. Top institutional shareholders include FMR LLC (11.06%), Impactive Capital LP (4.89%), Fuller & Thaler Asset Management Inc. (1.46%), AQR Capital Management LLC (1.19%), Causeway Capital Management LLC (0.99%) and Principal Financial Group Inc. (0.98%). Insiders that own company stock include Andre S Valentine, Ann F Vezina, Cormac J Twomey, Dennis Polk, Jane Fogarty, Kathryn Hayley, Matthew J Cox, Matthew Miau, Richard Rosso and Star Developments Ltd Silver.
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Shares of CNXC stock can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include WeBull, Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Robinhood, Fidelity, and Charles Schwab.
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