Cision (NYSE:CISN) Updates FY18 Earnings Guidance

Cision (NYSE:CISN) updated its FY18 earnings guidance on Tuesday. The company provided earnings per share (EPS) guidance of $0.87-$0.89 for the period, compared to the Thomson Reuters consensus estimate of $0.87. The company issued revenue guidance of $722-$732 million, compared to the consensus revenue estimate of $722.65 million.

Several brokerages recently commented on CISN. Zacks Investment Research upgraded shares of Cision from a hold rating to a buy rating and set a $14.00 price target on the stock in a research note on Thursday, March 15th. BMO Capital Markets initiated coverage on shares of Cision in a research note on Friday. They issued an outperform rating and a $16.00 price objective on the stock. ValuEngine upgraded shares of Cision from a hold rating to a buy rating in a research note on Wednesday, May 2nd. Finally, Deutsche Bank started coverage on shares of Cision in a research note on Thursday, March 22nd. They issued a buy rating on the stock. One investment analyst has rated the stock with a hold rating and five have issued a buy rating to the company. The company presently has an average rating of Buy and an average target price of $14.80.

Shares of Cision traded up $0.35, reaching $13.76, during trading on Tuesday, Marketbeat reports. The stock had a trading volume of 484,400 shares, compared to its average volume of 384,242. Cision has a fifty-two week low of $13.35 and a fifty-two week high of $13.80. The company has a debt-to-equity ratio of 3.71, a current ratio of 0.87 and a quick ratio of 0.87. The firm has a market cap of $1.70 billion, a PE ratio of 23.53 and a beta of -0.11.

Cision (NYSE:CISN) last issued its quarterly earnings results on Tuesday, May 8th. The company reported $0.19 EPS for the quarter, hitting the consensus estimate of $0.19. Cision had a negative net margin of 15.10% and a positive return on equity of 3.04%. The firm had revenue of $179.30 million during the quarter, compared to analyst estimates of $169.49 million. During the same quarter in the prior year, the business posted $0.07 earnings per share. Cision’s revenue for the quarter was up 23.0% compared to the same quarter last year. sell-side analysts expect that Cision will post 0.83 earnings per share for the current fiscal year.

In other news, Director Holdings (Cayman) L.P. Canyon sold 5,799,126 shares of the company’s stock in a transaction on Friday, March 23rd. The shares were sold at an average price of $10.32, for a total value of $59,846,980.32. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website.

About Cision

Cision Ltd. provides public relations (PR) software, media distribution, media intelligence, and related professional services worldwide. The company enables public relations and communications professionals to manage, execute, and measure their strategic PR and communications programs. It offers Cision Communications Cloud, an earned media cloud-based platform that brands can use to build relationships with influencers and buyers in order to amplify their marketplace influence; and provides media database that offers access to influencers when planning a campaign, as well as to schedule and record various interactions with contacts.

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