Media coverage about Convergys Corporation (NYSE:CVG) has been trending somewhat positive recently, Accern reports. The research group identifies negative and positive media coverage by monitoring more than twenty million news and blog sources in real-time. Accern ranks coverage of public companies on a scale of -1 to 1, with scores nearest to one being the most favorable. Convergys Corporation earned a coverage optimism score of 0.20 on Accern’s scale. Accern also gave media headlines about the business services provider an impact score of 46.0780097719249 out of 100, indicating that recent media coverage is somewhat unlikely to have an impact on the company’s share price in the next few days.
Here are some of the news stories that may have impacted Accern’s analysis:
- Convergys Corporation (CVG) Given Consensus Recommendation of “Hold” by Brokerages (americanbankingnews.com)
- Seizert Capital Partners, Llc Buys The Middleby Corp, Cognizant Technology Solutions Corp, … (nasdaq.com)
- Convergys Corporation (CVG) to Release Quarterly Earnings on Tuesday (americanbankingnews.com)
- Analysts Expect Convergys Corp (CVG) Will Post Quarterly Sales of $694.14 Million (americanbankingnews.com)
Convergys Corporation (CVG) traded down $0.52 during midday trading on Friday, hitting $25.29. The company’s stock had a trading volume of 439,583 shares, compared to its average volume of 808,617. The company has a debt-to-equity ratio of 0.26, a current ratio of 2.48 and a quick ratio of 2.48. The company has a market cap of $2.40 billion, a P/E ratio of 13.45, a PEG ratio of 1.44 and a beta of 1.11.
Convergys Corporation (NYSE:CVG) last released its quarterly earnings data on Tuesday, August 8th. The business services provider reported $0.46 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $0.39 by $0.07. Convergys Corporation had a net margin of 4.90% and a return on equity of 14.46%. The firm had revenue of $686.80 million for the quarter, compared to the consensus estimate of $687.91 million. During the same quarter in the prior year, the company posted $0.41 earnings per share. The business’s revenue was down .8% on a year-over-year basis. analysts anticipate that Convergys Corporation will post 1.88 EPS for the current year.
The firm also recently disclosed a quarterly dividend, which was paid on Friday, October 6th. Shareholders of record on Friday, September 22nd were issued a dividend of $0.10 per share. The ex-dividend date was Thursday, September 21st. This represents a $0.40 annualized dividend and a yield of 1.58%. Convergys Corporation’s payout ratio is 28.37%.
Several equities research analysts recently commented on CVG shares. SunTrust Banks, Inc. reissued a “hold” rating and set a $26.00 target price on shares of Convergys Corporation in a report on Monday, October 9th. Robert W. Baird reissued a “hold” rating on shares of Convergys Corporation in a report on Sunday, September 17th. BidaskClub raised Convergys Corporation from a “sell” rating to a “hold” rating in a report on Saturday, August 12th. Finally, Barrington Research started coverage on Convergys Corporation in a report on Tuesday, October 17th. They issued a “market perform” rating on the stock. Five research analysts have rated the stock with a hold rating and one has issued a buy rating to the company. The stock currently has a consensus rating of “Hold” and an average price target of $27.00.
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In other news, CFO Andre S. Valentine sold 10,000 shares of the stock in a transaction dated Tuesday, August 15th. The shares were sold at an average price of $23.52, for a total value of $235,200.00. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, Director Jeffrey H. Fox sold 43,609 shares of the stock in a transaction dated Wednesday, September 6th. The shares were sold at an average price of $23.53, for a total transaction of $1,026,119.77. Following the completion of the sale, the director now owns 338,804 shares of the company’s stock, valued at approximately $7,972,058.12. The disclosure for this sale can be found here. Corporate insiders own 1.70% of the company’s stock.
About Convergys Corporation
Convergys Corporation is engaged in customer experience outsourcing. The Company’s geographical segments include North America and Rest of World. The Company offers services across industries, including communications and media, technology, financial services, retail, government and healthcare. The Company helps businesses to create customer experiences across multiple interaction channels, such as voice, chat, e-mail and interactive voice response.
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