Conduent Inc (NASDAQ:CNDT) is scheduled to announce its earnings results before the market opens on Wednesday, August 9th. Analysts expect the company to announce earnings of $0.16 per share for the quarter.
Conduent (NASDAQ:CNDT) last posted its quarterly earnings data on Wednesday, May 10th. The company reported $0.16 earnings per share (EPS) for the quarter, hitting the Thomson Reuters’ consensus estimate of $0.16. The business had revenue of $1.55 billion during the quarter, compared to the consensus estimate of $1.56 billion. Conduent had a negative net margin of 0.64% and a negative return on equity of 1.22%. Conduent’s quarterly revenue was down 7.8% on a year-over-year basis. On average, analysts expect Conduent to post $0.76 EPS for the current fiscal year and $0.96 EPS for the next fiscal year.
Shares of Conduent Inc (NASDAQ CNDT) opened at 16.29 on Tuesday. The company’s market capitalization is $3.41 billion. Conduent Inc has a 12-month low of $13.10 and a 12-month high of $18.15. The company’s 50 day moving average is $16.17 and its 200 day moving average is $16.01.
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A number of equities analysts recently weighed in on CNDT shares. Zacks Investment Research upgraded shares of Conduent from a “hold” rating to a “buy” rating and set a $18.00 target price on the stock in a report on Friday, April 28th. Citigroup Inc. restated a “buy” rating and set a $25.00 target price (up from $17.00) on shares of Conduent in a report on Friday, June 9th. Finally, Cowen and Company restated a “hold” rating and set a $18.00 target price on shares of Conduent in a report on Friday, July 28th. Five analysts have rated the stock with a hold rating and three have given a buy rating to the company. The company has an average rating of “Hold” and an average target price of $18.00.
In related news, EVP David Amoriell sold 3,889 shares of the business’s stock in a transaction on Friday, May 19th. The shares were sold at an average price of $16.66, for a total transaction of $64,790.74. Following the transaction, the executive vice president now directly owns 120,630 shares in the company, valued at $2,009,695.80. The sale was disclosed in a filing with the SEC, which is available through this link.
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).
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