Wall Street analysts expect that Conduent Inc (NYSE:CNDT) will report $0.26 earnings per share for the current fiscal quarter, according to Zacks. Two analysts have provided estimates for Conduent’s earnings. The highest EPS estimate is $0.27 and the lowest is $0.24. Conduent reported earnings of $0.29 per share during the same quarter last year, which indicates a negative year-over-year growth rate of 10.3%. The business is scheduled to report its next quarterly earnings results on Wednesday, February 28th.

On average, analysts expect that Conduent will report full-year earnings of $0.81 per share for the current year, with EPS estimates ranging from $0.78 to $0.83. For the next fiscal year, analysts anticipate that the company will post earnings of $1.01 per share, with EPS estimates ranging from $0.95 to $1.08. Zacks’ earnings per share averages are an average based on a survey of research analysts that that provide coverage for Conduent.

Conduent (NYSE:CNDT) last announced its quarterly earnings data on Wednesday, November 8th. The company reported $0.22 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.21 by $0.01. Conduent had a positive return on equity of 5.45% and a negative net margin of 16.18%. The firm had revenue of $1.48 billion during the quarter, compared to the consensus estimate of $1.50 billion. During the same quarter in the previous year, the company posted $0.24 earnings per share. The business’s revenue was down 7.3% on a year-over-year basis.

Several analysts have weighed in on the company. BMO Capital Markets reiterated a “hold” rating and issued a $18.00 price objective on shares of Conduent in a research report on Thursday, September 28th. BidaskClub downgraded Conduent from a “sell” rating to a “strong sell” rating in a research report on Wednesday, October 18th. Zacks Investment Research downgraded Conduent from a “buy” rating to a “hold” rating in a research report on Friday, December 29th. Cowen reiterated a “hold” rating on shares of Conduent in a research report on Friday, October 6th. Finally, Cross Research upgraded Conduent from a “hold” rating to a “buy” rating in a research report on Tuesday, November 7th. One equities research analyst has rated the stock with a sell rating, three have assigned a hold rating and four have given a buy rating to the stock. The stock has a consensus rating of “Hold” and an average price target of $19.60.

Shares of Conduent (NYSE CNDT) opened at $16.91 on Friday. The company has a debt-to-equity ratio of 0.60, a current ratio of 1.74 and a quick ratio of 1.74. Conduent has a 12-month low of $13.10 and a 12-month high of $18.15. The firm has a market capitalization of $3,515.40 and a P/E ratio of -3.49.

Institutional investors and hedge funds have recently bought and sold shares of the company. The Manufacturers Life Insurance Company grew its stake in Conduent by 6.6% in the second quarter. The Manufacturers Life Insurance Company now owns 8,463 shares of the company’s stock worth $135,000 after purchasing an additional 527 shares during the period. Nordea Investment Management AB grew its stake in Conduent by 3.1% in the second quarter. Nordea Investment Management AB now owns 68,339 shares of the company’s stock worth $1,089,000 after purchasing an additional 2,077 shares during the period. Magnetar Financial LLC grew its stake in Conduent by 29.7% in the third quarter. Magnetar Financial LLC now owns 14,809 shares of the company’s stock worth $232,000 after purchasing an additional 3,389 shares during the period. Sei Investments Co. grew its stake in Conduent by 24.6% in the third quarter. Sei Investments Co. now owns 18,422 shares of the company’s stock worth $288,000 after purchasing an additional 3,635 shares during the period. Finally, Lapides Asset Management LLC grew its stake in Conduent by 4.7% in the third quarter. Lapides Asset Management LLC now owns 111,800 shares of the company’s stock worth $1,752,000 after purchasing an additional 5,000 shares during the period. 88.67% of the stock is currently owned by hedge funds and other institutional investors.

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Conduent Company Profile

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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