Cision (NYSE:CISN) Issues FY 2019 Earnings Guidance

Cision (NYSE:CISN) issued an update on its FY 2019 earnings guidance on Thursday morning. The company provided EPS guidance of $0.80-0.82 for the period, compared to the Thomson Reuters consensus EPS estimate of $0.83. The company issued revenue guidance of $766-773 million, compared to the consensus revenue estimate of $777.07 million.Cision also updated its FY19 guidance to $0.80-0.82 EPS.

CISN traded down $3.20 during midday trading on Friday, reaching $6.65. The company had a trading volume of 6,219,357 shares, compared to its average volume of 418,807. The company has a current ratio of 0.77, a quick ratio of 0.77 and a debt-to-equity ratio of 2.72. The company’s 50-day moving average price is $10.70. The firm has a market capitalization of $1.46 billion, a P/E ratio of 8.01 and a beta of 0.62. Cision has a 1 year low of $6.65 and a 1 year high of $18.28.

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

Several analysts recently issued reports on CISN shares. BMO Capital Markets cut their target price on Cision from $17.00 to $14.00 and set an outperform rating for the company in a research report on Friday. Zacks Investment Research upgraded 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 assigned a buy rating to the company’s stock. The stock presently has a consensus rating of Hold and an average target price of $14.67.

In related news, insider Rainer Mathes sold 15,000 shares of the stock in a transaction dated Wednesday, July 24th. The stock was sold at an average price of $10.21, for a total transaction of $153,150.00. Following the completion of the sale, the insider now owns 1,643,787 shares in the company, valued at $16,783,065.27. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Insiders have sold 94,301 shares of company stock valued at $1,033,205 in the last quarter. 6.70% of the stock is currently owned by company insiders.

About Cision

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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