IBEX (IBEX) to Release Quarterly Earnings on Thursday

IBEX (NASDAQ:IBEX) is scheduled to post its quarterly earnings results after the market closes on Thursday, May 9th. Analysts expect IBEX to post earnings of $0.58 per share for the quarter. IBEX has set its FY 2024 guidance at EPS.Individual interested in registering for the company’s earnings conference call can do so using this link.

IBEX (NASDAQ:IBEX) last announced its quarterly earnings results on Thursday, February 8th. The company reported $0.37 earnings per share for the quarter, missing the consensus estimate of $0.47 by ($0.10). The company had revenue of $132.63 million during the quarter, compared to analysts’ expectations of $137.38 million. IBEX had a net margin of 5.79% and a return on equity of 20.10%.

IBEX Stock Performance

Shares of IBEX opened at $14.12 on Wednesday. The stock has a market capitalization of $248.09 million, a price-to-earnings ratio of 8.99 and a beta of 0.68. IBEX has a 52-week low of $11.45 and a 52-week high of $23.49. The stock’s 50-day simple moving average is $14.54 and its 200 day simple moving average is $16.39.

Wall Street Analyst Weigh In

Several equities analysts recently commented on IBEX shares. Truist Financial reduced their price objective on shares of IBEX from $25.00 to $22.00 and set a “buy” rating for the company in a research note on Friday, February 9th. Piper Sandler restated a “neutral” rating and set a $17.00 price target on shares of IBEX in a research report on Friday, February 9th. Robert W. Baird lowered their price objective on IBEX from $21.00 to $20.00 and set an “outperform” rating on the stock in a research report on Friday, April 19th. Finally, TheStreet lowered IBEX from a “b-” rating to a “c+” rating in a research note on Wednesday, March 6th. Three investment analysts have rated the stock with a hold rating and two have assigned a buy rating to the stock. According to MarketBeat, IBEX has a consensus rating of “Hold” and a consensus price target of $19.20.

Insider Transactions at IBEX

In other news, insider Jeffrey Hays Cox sold 7,331 shares of IBEX stock in a transaction on Wednesday, February 28th. The shares were sold at an average price of $16.06, for a total transaction of $117,735.86. Following the completion of the sale, the insider now directly owns 402,920 shares of the company’s stock, valued at approximately $6,470,895.20. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Insiders own 20.80% of the company’s stock.

IBEX Company Profile

IBEX Limited provides end-to-end technology-enabled customer lifecycle experience solutions in the United States and internationally. The company products and services portfolio includes ibex Connect, that offers customer service, technical support, revenue generation, and other revenue generation outsourced back-office services through the CX model, which integrates voice, email, chat, SMS, social media, and other communication applications; ibex Digital, a customer acquisition solution that comprises digital marketing, e-commerce technology, and platform solutions; and ibex CX, a customer experience solution, which provides a suite of proprietary software tools to measure, monitor, and manage its clients' customer experience.