Equities research analysts expect that Conduent Inc. (NYSE:CNDT) will announce earnings of $0.26 per share for the current fiscal quarter, according to Zacks Investment Research. Two analysts have issued estimates for Conduent’s earnings, with the lowest EPS estimate coming in at $0.24 and the highest estimate coming in at $0.27. Conduent posted earnings per share of $0.29 during the same quarter last year, which indicates a negative year over year growth rate of 10.3%. The firm is expected to issue its next quarterly earnings report on Wednesday, February 28th.
According to Zacks, analysts expect that Conduent will report full year earnings of $0.81 per share for the current fiscal year, with EPS estimates ranging from $0.78 to $0.83. For the next fiscal year, analysts expect that the business will post earnings of $1.01 per share, with EPS estimates ranging from $0.95 to $1.08. Zacks’ EPS averages are a mean average based on a survey of analysts that that provide coverage for Conduent.
Conduent (NYSE:CNDT) last posted its earnings results on Wednesday, November 8th. The company reported $0.22 EPS for the quarter, topping analysts’ consensus estimates of $0.21 by $0.01. Conduent had a negative net margin of 16.18% and a positive return on equity of 5.45%. The business had revenue of $1.48 billion for the quarter, compared to analysts’ expectations of $1.50 billion. During the same period in the previous year, the company posted $0.24 earnings per share. The business’s revenue for the quarter was down 7.3% compared to the same quarter last year.
Conduent (NYSE CNDT) traded down $0.10 during midday trading on Friday, hitting $15.35. 2,502,600 shares of the stock were exchanged, compared to its average volume of 2,481,072. The firm has a market capitalization of $3,250.33 and a PE ratio of 18.61. The company has a current ratio of 1.74, a quick ratio of 1.74 and a debt-to-equity ratio of 0.60. Conduent has a twelve month low of $13.10 and a twelve month high of $18.15.
Several large investors have recently modified their holdings of CNDT. Sei Investments Co. raised its holdings in shares of Conduent by 20.7% during the second quarter. Sei Investments Co. now owns 14,787 shares of the company’s stock worth $235,000 after purchasing an additional 2,533 shares during the period. Trexquant Investment LP bought a new position in shares of Conduent during the second quarter worth about $204,000. Teacher Retirement System of Texas grew its position in shares of Conduent by 0.7% during the second quarter. Teacher Retirement System of Texas now owns 13,816 shares of the company’s stock worth $220,000 after acquiring an additional 98 shares during the last quarter. First Mercantile Trust Co. grew its position in shares of Conduent by 56.2% during the second quarter. First Mercantile Trust Co. now owns 14,845 shares of the company’s stock worth $237,000 after acquiring an additional 5,340 shares during the last quarter. Finally, Rhumbline Advisers grew its position in shares of Conduent by 8.3% during the second quarter. Rhumbline Advisers now owns 179,102 shares of the company’s stock worth $2,855,000 after acquiring an additional 13,736 shares during the last quarter. 88.68% of the stock is currently owned by institutional investors.
Conduent Incorporated is a provider of business process services, including transaction-intensive processing, analytics and automation services. The Company’s segments include Commercial Industries, Healthcare and Public Sector. The Commercial Industries segment provides business process services and customized solutions to clients in a range of industries (other than healthcare).
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