Cision (NYSE:CISN) Updates Q3 2019 Earnings Guidance

Cision (NYSE:CISN) updated its third quarter 2019 earnings guidance on Thursday. The company provided earnings per share guidance of $0.20-0.21 for the period. The company issued revenue guidance of $187-190 million.Cision also updated its FY 2019 guidance to $0.80-0.82 EPS.

A number of research analysts recently issued reports on the stock. BMO Capital Markets lowered their price target on shares of Cision from $17.00 to $14.00 and set an outperform rating for the company in a research report on Friday. Zacks Investment Research raised shares of Cision from a sell rating to a hold rating in a research report on Monday, July 15th. Four analysts have rated the stock with a hold rating and two have issued a buy rating to the company’s stock. The company presently has an average rating of Hold and an average price target of $14.67.

NYSE CISN traded down $3.20 during trading hours on Friday, reaching $6.65. 6,219,357 shares of the company’s stock traded hands, compared to its average volume of 418,807. Cision has a 52-week low of $6.65 and a 52-week high of $18.28. The company has a market cap of $1.46 billion, a price-to-earnings ratio of 8.01 and a beta of 0.62. The business’s 50-day simple moving average is $10.70. The company has a current ratio of 0.77, a quick ratio of 0.77 and a debt-to-equity ratio of 2.72.

Cision (NYSE:CISN) last issued its quarterly earnings results on Thursday, August 8th. The company reported $0.19 earnings per share (EPS) for the quarter, meeting analysts’ consensus estimates of $0.19. Cision had a negative net margin of 1.84% and a positive return on equity of 30.05%. The company had revenue of $190.50 million during the quarter, compared to analysts’ expectations of $191.44 million. During the same period last year, the company posted $0.23 EPS. Cision’s revenue was up 1.6% on a year-over-year basis. As a group, research analysts expect that Cision will post 0.79 earnings per share for the current fiscal year.

In other Cision news, insider Rainer Mathes sold 17,820 shares of Cision stock in a transaction dated Friday, May 24th. The shares were sold at an average price of $10.88, for a total value of $193,881.60. Following the completion of the transaction, the insider now directly owns 1,694,949 shares of the company’s stock, valued at $18,441,045.12. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Over the last three months, insiders have sold 94,301 shares of company stock valued at $1,033,205. 6.70% of the stock is currently owned by corporate insiders.

Cision Company Profile

Cision Ltd. provides public relations (PR) software, media distribution, media intelligence, and related professional services to businesses worldwide. The company enables public relations and communications professionals to manage, execute, and measure their strategic PR and communications programs.

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