Concentrix Corporation (NASDAQ:CNXC – Get Free Report) declared a quarterly dividend on Monday, June 29th. Shareholders of record on Friday, July 24th will be given a dividend of 0.36 per share on Tuesday, August 4th. This represents a c) dividend on an annualized basis and a yield of 6.4%. The ex-dividend date is Friday, July 24th.
Concentrix has a dividend payout ratio of 11.3% meaning its dividend is sufficiently covered by earnings. Research analysts expect Concentrix to earn $11.46 per share next year, which means the company should continue to be able to cover its $1.44 annual dividend with an expected future payout ratio of 12.6%.
Concentrix Price Performance
Concentrix stock opened at $22.41 on Wednesday. The business’s fifty day moving average is $25.69 and its two-hundred day moving average is $31.96. The company has a debt-to-equity ratio of 1.43, a quick ratio of 1.18 and a current ratio of 1.18. The firm has a market cap of $1.37 billion, a P/E ratio of -1.05, a P/E/G ratio of 0.32 and a beta of 0.44. Concentrix has a 52 week low of $19.12 and a 52 week high of $62.14.
Concentrix News Roundup
Here are the key news stories impacting Concentrix this week:
- Positive Sentiment: Concentrix reported record second-quarter cash flow from operations of $258 million and adjusted free cash flow of $242 million, and management said iX Suite deals rose 400% year over year, signaling progress in its AI and software-related growth efforts.
- Positive Sentiment: Several analysts still see upside despite trimming targets: Barrington Research and Robert W. Baird both reiterated outperform ratings while cutting price targets to $30, and Canaccord Genuity kept a bullish stance even after lowering its forecast.
- Neutral Sentiment: The company declared a quarterly dividend of $0.36 per share, which implies a 5.7% annualized yield and may help support investor interest.
- Negative Sentiment: Q2 adjusted EPS of $2.63 missed the $2.64 consensus estimate, and revenue of $2.46 billion came in slightly below expectations, reinforcing concerns that growth is slowing.
- Negative Sentiment: Management also cut FY2026 and Q3 guidance below Wall Street forecasts, citing clients trimming spend; that downgrade to the outlook is the main reason the stock is under pressure.
- Negative Sentiment: Analysts and market commentary pointed to margin pressure, weaker cash generation in some measures, and leverage concerns, which are adding to the selloff in CNXC shares.
Concentrix Company Profile
Concentrix Inc (NASDAQ: CNXC) is a global business services company specializing in customer engagement solutions and technology‐driven business process outsourcing. The firm’s offerings encompass customer care delivered across voice and digital channels, back‐office processing, analytics and consulting, and automated workflow management. By integrating proprietary platforms, strategic partnerships and advanced automation, Concentrix helps clients enhance customer experiences and streamline operations.
Its capabilities extend to digital marketing and technology implementation, leveraging artificial intelligence, machine learning and data analytics to optimize customer journeys.
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