SunTrust Banks Weighs in on WNS (Holdings) Limited’s Q4 2019 Earnings (WNS)

WNS (Holdings) Limited (NYSE:WNS) – Analysts at SunTrust Banks reduced their Q4 2019 EPS estimates for WNS in a research note issued to investors on Thursday. SunTrust Banks analyst F. Atkins now anticipates that the business services provider will post earnings per share of $0.51 for the quarter, down from their previous forecast of $0.52. SunTrust Banks currently has a “Buy” rating and a $50.00 price target on the stock. SunTrust Banks also issued estimates for WNS’s FY2020 earnings at $2.16 EPS.

Other analysts also recently issued reports about the stock. Citigroup boosted their target price on shares of WNS from $40.00 to $43.00 and gave the stock a “buy” rating in a report on Friday, October 13th. Cantor Fitzgerald restated a “buy” rating and issued a $42.00 target price on shares of WNS in a report on Friday, January 5th. Cowen restated a “buy” rating and issued a $43.00 target price on shares of WNS in a report on Sunday, October 29th. Barrington Research boosted their target price on shares of WNS from $40.00 to $44.00 and gave the stock an “outperform” rating in a report on Monday, October 30th. Finally, Loop Capital reiterated a “buy” rating and set a $44.00 price target (up from $41.00) on shares of WNS in a report on Monday, October 30th. Two research analysts have rated the stock with a hold rating, twelve have given a buy rating and one has assigned a strong buy rating to the stock. The stock has a consensus rating of “Buy” and an average target price of $47.62.

WNS (NYSE:WNS) traded up $0.23 during trading on Monday, hitting $44.85. 266,694 shares of the stock were exchanged, compared to its average volume of 333,140. WNS has a 12-month low of $27.43 and a 12-month high of $46.00. The company has a debt-to-equity ratio of 0.16, a quick ratio of 2.37 and a current ratio of 2.54. The company has a market cap of $2,250.00, a P/E ratio of 41.15, a PEG ratio of 1.88 and a beta of 1.01.

WNS (NYSE:WNS) last posted its earnings results on Thursday, January 18th. The business services provider reported $0.56 earnings per share for the quarter, topping analysts’ consensus estimates of $0.50 by $0.06. WNS had a net margin of 7.96% and a return on equity of 20.19%. The firm had revenue of $185.20 million for the quarter, compared to the consensus estimate of $175.85 million. During the same period in the previous year, the firm posted $0.49 EPS. The business’s quarterly revenue was up 32.5% on a year-over-year basis.

WNS announced that its board has initiated a stock repurchase plan on Thursday, January 18th that authorizes the company to repurchase 3,300,000 shares. This repurchase authorization authorizes the business services provider to repurchase shares of its stock through open market purchases. Shares repurchase plans are often an indication that the company’s board of directors believes its shares are undervalued.

A number of institutional investors have recently added to or reduced their stakes in the business. PNC Financial Services Group Inc. boosted its position in WNS by 6.4% in the 2nd quarter. PNC Financial Services Group Inc. now owns 8,360 shares of the business services provider’s stock valued at $288,000 after buying an additional 500 shares during the period. OxFORD Asset Management LLP boosted its position in WNS by 2.3% in the 2nd quarter. OxFORD Asset Management LLP now owns 100,566 shares of the business services provider’s stock valued at $3,455,000 after buying an additional 2,266 shares during the period. California Public Employees Retirement System boosted its position in WNS by 2.9% in the 2nd quarter. California Public Employees Retirement System now owns 106,600 shares of the business services provider’s stock valued at $3,663,000 after buying an additional 3,000 shares during the period. Lenox Wealth Management Inc. boosted its position in WNS by 30.2% in the 3rd quarter. Lenox Wealth Management Inc. now owns 17,606 shares of the business services provider’s stock valued at $642,000 after buying an additional 4,088 shares during the period. Finally, Cubist Systematic Strategies LLC boosted its position in WNS by 31.5% in the 3rd quarter. Cubist Systematic Strategies LLC now owns 19,134 shares of the business services provider’s stock valued at $698,000 after buying an additional 4,584 shares during the period. 86.04% of the stock is owned by institutional investors.

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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 and Estimates for WNS (NYSE:WNS)

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