Conduent Inc (CNDT) Set to Announce Quarterly Earnings on Wednesday

Conduent Inc (NASDAQ:CNDT) will announce its earnings results before the market opens on Wednesday, November 8th. Analysts expect the company to announce earnings of $0.21 per share for the quarter.

Conduent (NASDAQ:CNDT) last released its quarterly earnings data on Wednesday, August 9th. The company reported $0.16 EPS for the quarter, hitting analysts’ consensus estimates of $0.16. The company had revenue of $1.50 billion for the quarter, compared to the consensus estimate of $1.50 billion. Conduent had a negative return on equity of 0.48% and a negative net margin of 0.27%. The company’s quarterly revenue was down 7.3% compared to the same quarter last year. During the same period last year, the business posted $0.30 EPS. On average, analysts expect Conduent to post $0.76 EPS for the current fiscal year and $0.97 EPS for the next fiscal year.

Conduent Inc (NASDAQ:CNDT) opened at 15.48 on Wednesday. Conduent Inc has a 12-month low of $13.10 and a 12-month high of $18.15. The stock has a 50 day moving average price of $15.76 and a 200-day moving average price of $16.27. The stock’s market capitalization is $3.25 billion.

A number of research analysts have commented on CNDT shares. BMO Capital Markets restated a “hold” rating and issued a $18.00 target price on shares of Conduent in a research note on Thursday, September 28th. BidaskClub downgraded Conduent from a “sell” rating to a “strong sell” rating in a research note on Thursday, September 21st. Needham & Company LLC began coverage on Conduent in a research report on Wednesday, September 13th. They issued a “hold” rating for the company. Zacks Investment Research cut Conduent from a “buy” rating to a “hold” rating in a research report on Wednesday, August 16th. Finally, Cowen and Company reaffirmed a “hold” rating on shares of Conduent in a research report on Friday, October 6th. One equities research analyst has rated the stock with a sell rating, seven have given a hold rating and two have given a buy rating to the company’s stock. Conduent has a consensus rating of “Hold” and a consensus target price of $18.14.

In related news, EVP David Amoriell sold 106,500 shares of the business’s stock in a transaction dated Wednesday, August 16th. The stock was sold at an average price of $17.01, for a total transaction of $1,811,565.00. Following the completion of the transaction, the executive vice president now owns 120,630 shares of the company’s stock, valued at approximately $2,051,916.30. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website.

A hedge fund recently raised its stake in Conduent stock. The Manufacturers Life Insurance Company boosted its position in shares of Conduent Inc (NASDAQ:CNDT) by 6.6% during the 2nd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 8,463 shares of the company’s stock after acquiring an additional 527 shares during the period. The Manufacturers Life Insurance Company ‘s holdings in Conduent were worth $135,000 at the end of the most recent quarter.

ILLEGAL ACTIVITY NOTICE: This report was first posted by Community Financial News and is the property of of Community Financial News. If you are reading this report on another domain, it was stolen and republished in violation of international copyright law. The original version of this report can be read at https://www.com-unik.info/2017/11/01/conduent-inc-cndt-set-to-announce-quarterly-earnings-on-wednesday.html.

About Conduent

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).

What are top analysts saying about Conduent Inc? - Enter your email address in the form below to receive our free daily email newsletter that contains the latest headlines and analysts' recommendations for for Conduent Inc and related companies.

Comments

Leave a Reply


share news on Facebook
tweet this investment news
share on linkedin
share on StockTwits
share on Google Plus
share on reddit