IBEX (NASDAQ:IBEX) Shares Gap Up Following Earnings Beat

IBEX Limited (NASDAQ:IBEX) gapped up before the market opened on Friday after the company announced better than expected quarterly earnings. The stock had previously closed at $34.21, but opened at $37.93. IBEX shares last traded at $36.9650, with a volume of 31,814 shares traded.

The company reported $0.87 EPS for the quarter, beating the consensus estimate of $0.78 by $0.09. IBEX had a return on equity of 31.94% and a net margin of 7.14%.The company had revenue of $164.22 million for the quarter, compared to analysts’ expectations of $155.48 million.

Analysts Set New Price Targets

Several equities analysts have weighed in on the company. Royal Bank Of Canada raised their price target on IBEX from $39.00 to $40.00 and gave the company a “sector perform” rating in a report on Monday, November 10th. Weiss Ratings restated a “buy (b-)” rating on shares of IBEX in a report on Monday, December 29th. One research analyst has rated the stock with a Buy rating and two have issued a Hold rating to the company. Based on data from MarketBeat.com, the company currently has a consensus rating of “Hold” and a consensus target price of $35.00.

Hedge Funds Weigh In On IBEX

Several hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Brendel Financial Advisors LLC lifted its stake in shares of IBEX by 3.3% in the fourth quarter. Brendel Financial Advisors LLC now owns 9,600 shares of the company’s stock worth $367,000 after buying an additional 307 shares in the last quarter. Baron Wealth Management LLC grew its position in shares of IBEX by 6.1% in the fourth quarter. Baron Wealth Management LLC now owns 5,460 shares of the company’s stock valued at $208,000 after purchasing an additional 312 shares in the last quarter. SG Americas Securities LLC lifted its position in IBEX by 5.7% during the fourth quarter. SG Americas Securities LLC now owns 7,488 shares of the company’s stock worth $286,000 after buying an additional 401 shares in the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. increased its position in IBEX by 8.6% during the second quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 5,466 shares of the company’s stock worth $159,000 after purchasing an additional 434 shares during the last quarter. Finally, Denali Advisors LLC raised its stake in IBEX by 0.5% during the third quarter. Denali Advisors LLC now owns 104,611 shares of the company’s stock worth $4,239,000 after purchasing an additional 515 shares during the period. 81.24% of the stock is owned by hedge funds and other institutional investors.

IBEX Stock Performance

The firm has a market cap of $468.92 million, a PE ratio of 12.56 and a beta of 0.64. The company has a debt-to-equity ratio of 0.01, a quick ratio of 1.82 and a current ratio of 1.82. The firm’s 50 day moving average price is $37.40 and its two-hundred day moving average price is $35.34.

IBEX Company Profile

IBEX Holdings, Inc is a global business process outsourcing (BPO) company that specializes in customer experience solutions for a range of industries, including telecommunications, cable, technology, financial services and e-commerce. The company’s core offerings encompass multichannel customer support delivered via voice, email, chat, social media and digital self-service platforms. In addition to front-line contact center services, IBEX provides back-office processing, order management, technical troubleshooting and analytics-driven insights to help clients optimize operational efficiency and customer satisfaction.

Beyond traditional contact center operations, IBEX has built a proprietary technology stack designed to integrate real-time data analytics, workforce management and quality assurance.