WNS (WNS) Posts Quarterly Earnings Results, Beats Expectations By $0.06 EPS

WNS (NYSE:WNS) announced its earnings results on Thursday. The business services provider reported $0.56 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.50 by $0.06, Yahoo Finance reports. WNS had a net margin of 7.24% and a return on equity of 19.23%. The business had revenue of $185.20 million for the quarter, compared to the consensus estimate of $175.85 million. During the same quarter in the prior year, the firm posted $0.49 earnings per share. The business’s revenue for the quarter was up 32.5% on a year-over-year basis. WNS updated its FY18 guidance to $2.18-2.22 EPS.

WNS (NYSE:WNS) traded down $1.20 during mid-day trading on Friday, reaching $44.08. 313,415 shares of the company traded hands, compared to its average volume of 233,478. The stock has a market cap of $2,220.00, a P/E ratio of 47.40, a PEG ratio of 1.88 and a beta of 1.01. WNS has a 52 week low of $27.43 and a 52 week high of $46.00. The company has a quick ratio of 2.37, a current ratio of 2.37 and a debt-to-equity ratio of 0.18.

WNS declared that its board has approved a stock buyback program on Thursday, January 18th that authorizes the company to repurchase 3,300,000 outstanding shares. This repurchase authorization authorizes the business services provider to reacquire shares of its stock through open market purchases. Shares repurchase programs are often a sign that the company’s board of directors believes its stock is undervalued.

WNS has been the topic of several recent analyst reports. Zacks Investment Research raised shares of WNS from a “hold” rating to a “buy” rating and set a $42.00 target price on the stock in a research note on Thursday, November 2nd. Robert W. Baird reissued a “buy” rating and issued a $46.00 target price on shares of WNS in a research note on Thursday, December 21st. Cantor Fitzgerald reissued a “buy” rating and issued a $42.00 target price on shares of WNS in a research note on Friday, January 5th. Needham & Company LLC reissued a “strong-buy” rating and issued a $46.00 target price (up previously from $42.00) on shares of WNS in a research note on Sunday, October 29th. Finally, Maxim Group increased their target price on shares of WNS from $42.00 to $56.00 and gave the company a “buy” rating in a research note on Thursday. Two research analysts have rated the stock with a hold rating, twelve have given a buy rating and one has given a strong buy rating to the company’s stock. The stock currently has a consensus rating of “Buy” and a consensus price target of $46.85.

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About WNS

WNS (Holdings) Limited is a global provider of business process management (BPM) services. The Company offers data, voice, analytical and business transformation services. The Company’s segments include WNS Global BPM and WNS Auto Claims BPM. Its operating segments include travel, insurance, banking and financial services, healthcare, utilities, retail and consumer products groups, auto claims and others.

Earnings History for WNS (NYSE:WNS)

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