Brokerages forecast that WNS (Holdings) Limited (NYSE:WNS) will report sales of $207.83 million for the current fiscal quarter, according to Zacks Investment Research. Seven analysts have provided estimates for WNS’s earnings. The lowest sales estimate is $206.18 million and the highest is $209.76 million. WNS reported sales of $196.00 million during the same quarter last year, which would suggest a positive year-over-year growth rate of 6%. The firm is expected to issue its next quarterly earnings results on Thursday, July 18th.
According to Zacks, analysts expect that WNS will report full year sales of $880.21 million for the current year, with estimates ranging from $872.59 million to $889.85 million. For the next financial year, analysts expect that the business will report sales of $965.63 million, with estimates ranging from $950.00 million to $973.23 million. Zacks Investment Research’s sales calculations are an average based on a survey of research firms that follow WNS.
WNS (NYSE:WNS) last announced its quarterly earnings results on Thursday, April 25th. The business services provider reported $0.73 earnings per share for the quarter, beating the Zacks’ consensus estimate of $0.57 by $0.16. WNS had a net margin of 13.04% and a return on equity of 23.64%. The firm had revenue of $206.60 million for the quarter, compared to analyst estimates of $207.29 million. During the same quarter in the previous year, the firm posted $0.63 earnings per share. The business’s revenue was up 4.2% on a year-over-year basis.
A number of brokerages have recently commented on WNS. Zacks Investment Research raised shares of WNS from a “hold” rating to a “buy” rating and set a $63.00 price objective on the stock in a research report on Friday, May 3rd. Barrington Research boosted their price objective on shares of WNS from $60.00 to $68.00 and gave the stock an “outperform” rating in a research report on Friday, April 26th. Wedbush boosted their price objective on shares of WNS from $55.00 to $65.00 and gave the stock an “outperform” rating in a research report on Tuesday, April 2nd. Finally, Needham & Company LLC reissued a “strong-buy” rating and issued a $65.00 price objective (up previously from $52.00) on shares of WNS in a research report on Thursday, March 7th. Seven analysts have rated the stock with a buy rating and one has given a strong buy rating to the stock. The stock currently has an average rating of “Buy” and an average target price of $63.43.
Shares of WNS stock traded down $0.56 during trading on Wednesday, reaching $58.14. The company’s stock had a trading volume of 116,700 shares, compared to its average volume of 148,506. The firm’s fifty day moving average is $56.58. The company has a current ratio of 2.07, a quick ratio of 2.07 and a debt-to-equity ratio of 0.06. The stock has a market capitalization of $2.98 billion, a P/E ratio of 25.84, a price-to-earnings-growth ratio of 2.07 and a beta of 1.07. WNS has a one year low of $39.24 and a one year high of $59.86.
Several large investors have recently added to or reduced their stakes in the business. Morgan Stanley boosted its position in WNS by 94.6% in the 3rd quarter. Morgan Stanley now owns 72,513 shares of the business services provider’s stock valued at $3,681,000 after buying an additional 35,253 shares during the last quarter. Advisors Asset Management Inc. boosted its position in WNS by 26.9% in the 4th quarter. Advisors Asset Management Inc. now owns 5,004 shares of the business services provider’s stock valued at $206,000 after buying an additional 1,060 shares during the last quarter. Stevens Capital Management LP purchased a new position in WNS in the 4th quarter valued at about $486,000. Mackenzie Financial Corp boosted its position in WNS by 10.6% in the 4th quarter. Mackenzie Financial Corp now owns 27,768 shares of the business services provider’s stock valued at $1,146,000 after buying an additional 2,655 shares during the last quarter. Finally, FDx Advisors Inc. boosted its position in WNS by 4.8% in the 4th quarter. FDx Advisors Inc. now owns 5,869 shares of the business services provider’s stock valued at $242,000 after buying an additional 271 shares during the last quarter. Hedge funds and other institutional investors own 94.23% of the company’s stock.
WNS Company Profile
WNS (Holdings) Limited, a business process management company, together with its subsidiaries, provides data, voice, analytical, and business transformation services worldwide. It operates through two segments, WNS Global BPM and WNS Auto Claims BPM. The company offers industry-specific services to clients primarily in insurance; travel and leisure; diversified businesses, including manufacturing, retail, consumer packaged goods, media and entertainment, and telecommunication; utilities; consulting and professional services; healthcare; banking and financial services; and shipping and logistics industries.
Recommended Story: How Do You Make Money With Penny Stocks?
For more information about research offerings from Zacks Investment Research, visit Zacks.com
Receive News & Ratings for WNS Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for WNS and related companies with MarketBeat.com's FREE daily email newsletter.