SunTrust Banks Weighs in on Cision Ltd’s Q4 2019 Earnings (NYSE:CISN)

Cision Ltd (NYSE:CISN) – Stock analysts at SunTrust Banks lowered their Q4 2019 EPS estimates for shares of Cision in a report issued on Monday, August 12th. SunTrust Banks analyst M. Thornton now expects that the company will post earnings of $0.22 per share for the quarter, down from their prior estimate of $0.23. SunTrust Banks also issued estimates for Cision’s FY2020 earnings at $0.87 EPS.

CISN has been the topic of several other reports. Cowen set a $14.00 price objective on shares of Cision and gave the company a “buy” rating in a research report on Monday. BMO Capital Markets cut their price target on shares of Cision from $17.00 to $14.00 and set an “outperform” rating on the stock in a research report on Friday, August 9th. Finally, Zacks Investment Research cut shares of Cision from a “hold” rating to a “sell” rating in a report on Tuesday. One equities research analyst has rated the stock with a sell rating, three have given a hold rating and two have given a buy rating to the company’s stock. The stock presently has an average rating of “Hold” and a consensus price target of $14.50.

Shares of CISN stock opened at $6.25 on Wednesday. Cision has a 12-month low of $6.02 and a 12-month high of $18.28. The firm has a market capitalization of $994.18 million, a price-to-earnings ratio of 7.53 and a beta of 0.62. The company has a quick ratio of 0.77, a current ratio of 0.77 and a debt-to-equity ratio of 2.72. The firm has a fifty day moving average of $10.12 and a 200-day moving average of $11.81.

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

In other news, insider Rainer Mathes sold 15,000 shares of the firm’s stock in a transaction on Wednesday, July 24th. The shares were sold at an average price of $10.21, for a total transaction of $153,150.00. Following the completion of the transaction, the insider now owns 1,643,787 shares of the company’s stock, valued at $16,783,065.27. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Insiders have sold 94,301 shares of company stock valued at $1,033,205 in the last ninety days. Insiders own 6.70% of the company’s stock.

A number of large investors have recently bought and sold shares of CISN. Meeder Asset Management Inc. grew its holdings in shares of Cision by 332.2% during the second quarter. Meeder Asset Management Inc. now owns 4,953 shares of the company’s stock valued at $58,000 after buying an additional 3,807 shares during the last quarter. Zurcher Kantonalbank Zurich Cantonalbank raised its position in Cision by 290.5% in the second quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 6,216 shares of the company’s stock worth $73,000 after acquiring an additional 4,624 shares during the period. Bank of Montreal Can raised its position in Cision by 96.2% in the second quarter. Bank of Montreal Can now owns 7,653 shares of the company’s stock worth $90,000 after acquiring an additional 3,753 shares during the period. AlphaOne Investment Services LLC raised its position in Cision by 365.7% in the second quarter. AlphaOne Investment Services LLC now owns 8,914 shares of the company’s stock worth $105,000 after acquiring an additional 7,000 shares during the period. Finally, Los Angeles Capital Management & Equity Research Inc. bought a new stake in Cision in the second quarter worth about $119,000. Institutional investors and hedge funds own 52.84% of the company’s stock.

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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