Equities research analysts expect that Conduent Inc (NASDAQ:CNDT) will report earnings per share of $0.16 for the current fiscal quarter, according to Zacks. Two analysts have issued estimates for Conduent’s earnings, with estimates ranging from $0.15 to $0.17. The business is scheduled to issue its next quarterly earnings report on Wednesday, August 9th.
On average, analysts expect that Conduent will report full-year earnings of $0.77 per share for the current fiscal year, with EPS estimates ranging from $0.75 to $0.80. For the next financial year, analysts anticipate that the firm will post earnings of $0.95 per share, with EPS estimates ranging from $0.92 to $0.99. Zacks Investment Research’s earnings per share averages are an average based on a survey of research firms that follow Conduent.
Conduent (NASDAQ:CNDT) last released its quarterly earnings results on Wednesday, May 10th. The company reported $0.16 EPS for the quarter, meeting the Thomson Reuters’ consensus estimate of $0.16. The business had revenue of $1.55 billion during the quarter, compared to analyst estimates of $1.56 billion. Conduent had a negative net margin of 0.64% and a negative return on equity of 1.22%. The firm’s revenue was down 7.8% on a year-over-year basis.
A number of equities analysts have recently commented on CNDT shares. Citigroup Inc. set a $17.00 price objective on Conduent and gave the stock a “buy” rating in a research report on Saturday, February 25th. BMO Capital Markets restated a “hold” rating and set a $17.00 target price on shares of Conduent in a research note on Thursday, February 23rd. Cowen and Company initiated coverage on Conduent in a research note on Friday, May 19th. They set a “market perform” rating and a $18.00 target price for the company. Finally, Zacks Investment Research cut Conduent from a “hold” rating to a “sell” rating in a research note on Tuesday, March 7th. Six analysts have rated the stock with a hold rating and two have issued a buy rating to the company’s stock. Conduent currently has an average rating of “Hold” and a consensus price target of $17.86.
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Shares of Conduent (CNDT) traded up 1.79% during trading on Tuesday, hitting $15.92. 3,724,520 shares of the company traded hands. The stock’s market capitalization is $3.33 billion. Conduent has a 52-week low of $13.10 and a 52-week high of $18.15. The company has a 50-day moving average of $16.63 and a 200-day moving average of $15.70.
In related news, EVP David Amoriell sold 3,889 shares of the business’s stock in a transaction that occurred on Friday, May 19th. The stock was sold at an average price of $16.66, for a total transaction of $64,790.74. Following the completion of the sale, the executive vice president now owns 120,630 shares in the company, valued at $2,009,695.80. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website.
A hedge fund recently bought a new stake in Conduent stock. Community Financial Services Group LLC bought a new stake in Conduent Inc (NASDAQ:CNDT) during the first quarter, according to its most recent Form 13F filing with the SEC. The fund bought 12,063 shares of the company’s stock, valued at approximately $202,000.
Conduent Incorporated is a provider of business process services, including transaction-intensive processing, analytics and automation services. The Company’s segments include Commercial Industries, Healthcare and Public Sector. The Commercial Industries segment provides business process services and customized solutions to clients in a range of industries (other than healthcare).
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