$0.27 Earnings Per Share Expected for Conduent Inc (CNDT) This Quarter

Equities analysts predict that Conduent Inc (NYSE:CNDT) will report $0.27 earnings per share (EPS) for the current fiscal quarter, Zacks reports. Two analysts have issued estimates for Conduent’s earnings. The lowest EPS estimate is $0.26 and the highest is $0.31. Conduent posted earnings of $0.31 per share during the same quarter last year, which indicates a negative year-over-year growth rate of 12.9%. The firm is expected to report its next earnings report on Wednesday, February 20th.

According to Zacks, analysts expect that Conduent will report full-year earnings of $1.07 per share for the current year, with EPS estimates ranging from $1.05 to $1.10. For the next year, analysts forecast that the company will post earnings of $1.14 per share, with EPS estimates ranging from $1.09 to $1.23. Zacks Investment Research’s earnings per share calculations are an average based on a survey of analysts that that provide coverage for Conduent.

Conduent (NYSE:CNDT) last announced its quarterly earnings data on Wednesday, November 7th. The company reported $0.28 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.29 by ($0.01). Conduent had a negative net margin of 1.21% and a positive return on equity of 6.88%. The business had revenue of $1.30 billion during the quarter, compared to analyst estimates of $1.34 billion. During the same quarter in the prior year, the company posted $0.22 EPS. The company’s quarterly revenue was down 11.9% compared to the same quarter last year.

CNDT has been the topic of several recent research reports. JPMorgan Chase & Co. lowered shares of Conduent to a “buy” rating and set a $24.00 target price on the stock. in a research note on Wednesday, August 15th. Zacks Investment Research upgraded shares of Conduent from a “hold” rating to a “buy” rating and set a $22.00 target price on the stock in a report on Monday, August 13th. SunTrust Banks lowered their price objective on shares of Conduent to $18.00 and set a “buy” rating on the stock in a report on Thursday, November 8th. TheStreet downgraded shares of Conduent from a “c-” rating to a “d+” rating in a report on Monday. Finally, Morgan Stanley set a $16.00 target price on shares of Conduent and gave the company a “hold” rating in a research note on Thursday, November 8th. Two investment analysts have rated the stock with a sell rating, three have given a hold rating and four have assigned a buy rating to the company’s stock. The stock currently has a consensus rating of “Hold” and an average target price of $21.57.

NYSE:CNDT traded down $0.69 during mid-day trading on Friday, reaching $12.30. 2,611,369 shares of the company were exchanged, compared to its average volume of 2,052,338. The firm has a market cap of $2.74 billion, a P/E ratio of 14.47 and a beta of 0.66. The company has a quick ratio of 1.59, a current ratio of 1.59 and a debt-to-equity ratio of 0.45. Conduent has a 12 month low of $12.16 and a 12 month high of $23.39.

Institutional investors have recently bought and sold shares of the business. Point72 Hong Kong Ltd raised its position in shares of Conduent by 170.1% during the second quarter. Point72 Hong Kong Ltd now owns 5,997 shares of the company’s stock worth $109,000 after purchasing an additional 3,777 shares during the period. Group One Trading L.P. raised its position in Conduent by 673.6% in the 3rd quarter. Group One Trading L.P. now owns 6,046 shares of the company’s stock valued at $136,000 after buying an additional 7,100 shares during the last quarter. ClariVest Asset Management LLC purchased a new stake in Conduent in the 3rd quarter valued at $157,000. SG Americas Securities LLC bought a new position in Conduent in the 2nd quarter valued at $142,000. Finally, BNP Paribas Arbitrage SA grew its stake in Conduent by 416.0% in the 2nd quarter. BNP Paribas Arbitrage SA now owns 7,972 shares of the company’s stock valued at $145,000 after purchasing an additional 6,427 shares during the period. Hedge funds and other institutional investors own 87.78% of the company’s stock.

Conduent Company Profile

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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Earnings History and Estimates for Conduent (NYSE:CNDT)

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