$183.64 Million in Sales Expected for Cision Ltd (CISN) This Quarter

Wall Street analysts forecast that Cision Ltd (NYSE:CISN) will announce $183.64 million in sales for the current quarter, Zacks reports. Five analysts have provided estimates for Cision’s earnings, with the lowest sales estimate coming in at $178.22 million and the highest estimate coming in at $185.40 million. Cision posted sales of $169.00 million in the same quarter last year, which suggests a positive year over year growth rate of 8.7%. The company is scheduled to report its next quarterly earnings results on Thursday, March 14th.

On average, analysts expect that Cision will report full-year sales of $727.72 million for the current financial year, with estimates ranging from $726.54 million to $729.08 million. For the next fiscal year, analysts forecast that the firm will post sales of $759.77 million, with estimates ranging from $751.00 million to $763.29 million. Zacks’ sales averages are a mean average based on a survey of sell-side research analysts that follow Cision.

Cision (NYSE:CISN) last announced its quarterly earnings data on Wednesday, November 7th. The company reported $0.19 EPS for the quarter, meeting the Zacks’ consensus estimate of $0.19. Cision had a negative net margin of 12.62% and a positive return on equity of 8.79%. The company had revenue of $177.20 million for the quarter, compared to the consensus estimate of $176.92 million. Cision’s quarterly revenue was up 10.9% on a year-over-year basis.

A number of equities research analysts have commented on CISN shares. JPMorgan Chase & Co. started coverage on shares of Cision in a research report on Monday, July 23rd. They issued a “neutral” rating and a $18.00 price objective on the stock. Citigroup initiated coverage on shares of Cision in a research report on Thursday, August 2nd. They issued a “buy” rating and a $21.00 price objective on the stock. Zacks Investment Research cut shares of Cision from a “hold” rating to a “sell” rating in a report on Monday, August 13th. William Blair initiated coverage on shares of Cision in a report on Wednesday, August 15th. They issued an “outperform” rating for the company. Finally, Deutsche Bank cut shares of Cision from a “buy” rating to a “hold” rating and upped their target price for the company from $16.00 to $18.00 in a report on Monday, October 8th. One equities research analyst has rated the stock with a sell rating, three have assigned a hold rating and eight have given a buy rating to the stock. The company presently has an average rating of “Buy” and a consensus price target of $18.30.

Shares of NYSE:CISN opened at $14.07 on Friday. Cision has a 52 week low of $11.13 and a 52 week high of $18.28. The company has a current ratio of 0.81, a quick ratio of 0.81 and a debt-to-equity ratio of 3.90. The company has a market capitalization of $1.89 billion, a price-to-earnings ratio of 24.68 and a beta of 0.57.

In other news, Director L. Dyson Dryden sold 35,911 shares of the company’s stock in a transaction on Wednesday, September 19th. The shares were sold at an average price of $15.44, for a total value of $554,465.84. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, Director Mark Ein sold 715,599 shares of the company’s stock in a transaction on Monday, September 17th. The shares were sold at an average price of $15.44, for a total transaction of $11,048,848.56. The disclosure for this sale can be found here. Corporate insiders own 6.70% of the company’s stock.

Several institutional investors have recently modified their holdings of CISN. Bessemer Group Inc. acquired a new position in shares of Cision in the 3rd quarter valued at $123,000. SG Americas Securities LLC acquired a new stake in Cision during the 3rd quarter worth $143,000. California Public Employees Retirement System acquired a new stake in Cision during the 2nd quarter worth $162,000. Strs Ohio acquired a new stake in Cision during the 2nd quarter worth $171,000. Finally, Prudential Financial Inc. acquired a new stake in Cision during the 3rd quarter worth $171,000. Institutional investors and hedge funds own 43.15% of the company’s stock.

About Cision

Cision Ltd. provides public relations (PR) software, media distribution, media intelligence, and related professional services worldwide. The company enables public relations and communications professionals to manage, execute, and measure their strategic PR and communications programs. It offers Cision Communications Cloud, an earned media cloud-based platform that brands can use to build relationships with influencers and buyers in order to amplify their marketplace influence; and provides media database that offers access to influencers when planning a campaign, as well as to schedule and record various interactions with contacts.

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