$0.23 EPS Expected for Conduent (CNDT) This Quarter

Equities analysts expect Conduent (NYSE:CNDT) to post $0.23 earnings per share (EPS) for the current fiscal quarter, Zacks reports. Two analysts have provided estimates for Conduent’s earnings, with estimates ranging from $0.22 to $0.23. Conduent reported earnings per share of $0.16 in the same quarter last year, which would suggest a positive year over year growth rate of 43.8%. The company is expected to report its next quarterly earnings report on Wednesday, May 9th.

On average, analysts expect that Conduent will report full year earnings of $1.09 per share for the current financial year, with EPS estimates ranging from $1.07 to $1.12. For the next year, analysts anticipate that the firm will report earnings of $1.25 per share, with EPS estimates ranging from $1.22 to $1.29. Zacks’ earnings per share calculations are a mean average based on a survey of sell-side research firms that that provide coverage for Conduent.

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Conduent (NYSE:CNDT) last released its earnings results on Wednesday, February 21st. The company reported $0.31 EPS for the quarter, topping the Zacks’ consensus estimate of $0.26 by $0.05. The company had revenue of $1.49 billion for the quarter, compared to analysts’ expectations of $1.48 billion. Conduent had a return on equity of 5.53% and a net margin of 3.01%. The business’s revenue for the quarter was down 1.4% compared to the same quarter last year. During the same period in the previous year, the business posted $0.29 EPS.



A number of research firms have recently commented on CNDT. Susquehanna Bancshares began coverage on Conduent in a research note on Wednesday, March 7th. They set a “positive” rating and a $23.00 target price on the stock. Zacks Investment Research cut Conduent from a “strong-buy” rating to a “hold” rating in a research note on Thursday, April 19th. Needham & Company LLC upgraded Conduent from a “hold” rating to a “buy” rating and set a $25.00 target price on the stock in a research note on Tuesday, March 6th. SunTrust Banks reissued a “buy” rating and issued a $22.00 price objective on shares of Conduent in a report on Friday, February 23rd. Finally, Cowen reissued a “hold” rating on shares of Conduent in a report on Tuesday, February 27th. One equities research analyst has rated the stock with a sell rating, four have given a hold rating and five have assigned a buy rating to the stock. Conduent currently has an average rating of “Hold” and an average price target of $21.50.

Shares of NYSE CNDT traded down $0.12 during mid-day trading on Tuesday, reaching $19.14. 1,209,493 shares of the company’s stock were exchanged, compared to its average volume of 2,270,957. The stock has a market capitalization of $4,081.00, a price-to-earnings ratio of 22.52 and a beta of -0.67. Conduent has a 52 week low of $14.95 and a 52 week high of $20.32. The company has a debt-to-equity ratio of 0.56, a current ratio of 1.98 and a quick ratio of 1.98.

A number of institutional investors and hedge funds have recently made changes to their positions in CNDT. Investec Asset Management LTD purchased a new position in Conduent during the 4th quarter valued at about $50,741,000. Two Sigma Advisers LP lifted its position in Conduent by 191.6% in the 4th quarter. Two Sigma Advisers LP now owns 2,667,300 shares of the company’s stock worth $43,104,000 after buying an additional 1,752,570 shares during the last quarter. Governors Lane LP lifted its position in Conduent by 19.5% in the 4th quarter. Governors Lane LP now owns 6,285,294 shares of the company’s stock worth $101,570,000 after buying an additional 1,023,871 shares during the last quarter. Altrinsic Global Advisors LLC lifted its position in Conduent by 68.8% in the 4th quarter. Altrinsic Global Advisors LLC now owns 2,472,258 shares of the company’s stock worth $39,951,000 after buying an additional 1,007,775 shares during the last quarter. Finally, St. James Investment Company LLC lifted its position in Conduent by 91.8% in the 4th quarter. St. James Investment Company LLC now owns 1,791,108 shares of the company’s stock worth $28,944,000 after buying an additional 857,258 shares during the last quarter. 93.16% of the stock is owned by institutional investors.

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About Conduent

Conduent Incorporated provides business process services with capabilities in transaction-intensive processing, analytics, and automation in the United States and internationally. It operates in two segments, Commercial Industries and Public Sector. The Commercial Industries segment offers business process services and customized solutions to clients in various industries.

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