Convergys (CVG) Receiving Somewhat Positive News Coverage, Report Shows

Press coverage about Convergys (NYSE:CVG) has trended somewhat positive on Wednesday, Accern reports. The research group scores the sentiment of press coverage by analyzing more than 20 million blog and news sources in real-time. Accern ranks coverage of publicly-traded companies on a scale of negative one to one, with scores closest to one being the most favorable. Convergys earned a daily sentiment score of 0.08 on Accern’s scale. Accern also gave media headlines about the business services provider an impact score of 46.0144052562033 out of 100, indicating that recent press coverage is somewhat unlikely to have an effect on the stock’s share price in the immediate future.

Several research firms recently weighed in on CVG. Robert W. Baird restated a “hold” rating on shares of Convergys in a report on Sunday, September 17th. Barrington Research began coverage on Convergys in a report on Tuesday, October 17th. They set a “market perform” rating on the stock. Citigroup decreased their price target on Convergys from $25.00 to $24.00 and set a “neutral” rating on the stock in a report on Friday, November 10th. ValuEngine lowered Convergys from a “buy” rating to a “hold” rating in a report on Sunday, December 31st. Finally, Zacks Investment Research lowered Convergys from a “hold” rating to a “sell” rating in a report on Friday, November 10th. One analyst has rated the stock with a sell rating, six have given a hold rating and one has given a buy rating to the company. The company currently has a consensus rating of “Hold” and an average price target of $26.00.

Shares of Convergys (CVG) opened at $22.99 on Wednesday. Convergys has a twelve month low of $20.15 and a twelve month high of $26.66. The firm has a market capitalization of $2,190.00, a price-to-earnings ratio of 17.68, a P/E/G ratio of 1.42 and a beta of 1.08. The company has a current ratio of 2.60, a quick ratio of 2.60 and a debt-to-equity ratio of 0.25.

Convergys (NYSE:CVG) last released its quarterly earnings results on Tuesday, November 7th. The business services provider reported $0.42 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $0.44 by ($0.02). Convergys had a net margin of 4.54% and a return on equity of 13.92%. The company had revenue of $688.30 million for the quarter, compared to analysts’ expectations of $692.34 million. During the same quarter in the previous year, the company posted $0.46 EPS. The business’s quarterly revenue was down 7.1% on a year-over-year basis. equities analysts forecast that Convergys will post 1.85 earnings per share for the current fiscal year.

The business also recently declared a quarterly dividend, which was paid on Friday, January 5th. Investors of record on Friday, December 22nd were issued a dividend of $0.10 per share. The ex-dividend date of this dividend was Thursday, December 21st. This represents a $0.40 annualized dividend and a yield of 1.74%. Convergys’s payout ratio is presently 30.77%.

In other Convergys news, CEO Andrea J. Ayers sold 30,000 shares of the stock in a transaction on Tuesday, December 5th. The stock was sold at an average price of $24.15, for a total value of $724,500.00. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, Director Jeffrey H. Fox sold 25,000 shares of the stock in a transaction on Thursday, November 16th. The stock was sold at an average price of $23.77, for a total value of $594,250.00. The disclosure for this sale can be found here. Corporate insiders own 1.70% of the company’s stock.

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Convergys Company Profile

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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