Equities research analysts expect Convergys Corp (NYSE:CVG) to announce sales of $663.67 million for the current fiscal quarter, Zacks reports. Three analysts have issued estimates for Convergys’ earnings. The lowest sales estimate is $660.80 million and the highest is $667.30 million. Convergys reported sales of $688.30 million in the same quarter last year, which would suggest a negative year over year growth rate of 3.6%. The company is expected to announce its next quarterly earnings report on Tuesday, November 6th.

On average, analysts expect that Convergys will report full-year sales of $2.65 billion for the current fiscal year, with estimates ranging from $2.64 billion to $2.65 billion. For the next fiscal year, analysts expect that the business will report sales of $2.66 billion per share, with estimates ranging from $2.62 billion to $2.69 billion. Zacks Investment Research’s sales averages are an average based on a survey of sell-side research firms that cover Convergys.

Convergys (NYSE:CVG) last issued its quarterly earnings data on Tuesday, August 7th. The business services provider reported $0.36 earnings per share (EPS) for the quarter, meeting the Zacks’ consensus estimate of $0.36. The firm had revenue of $649.40 million during the quarter, compared to analysts’ expectations of $634.83 million. Convergys had a net margin of 3.24% and a return on equity of 12.03%.

A number of brokerages recently issued reports on CVG. Zacks Investment Research cut shares of Convergys from a “buy” rating to a “hold” rating in a report on Tuesday, July 10th. Barrington Research restated a “hold” rating on shares of Convergys in a report on Friday, June 29th. Citigroup boosted their price objective on shares of Convergys from $24.00 to $26.50 and gave the company a “neutral” rating in a report on Friday, June 29th. Finally, ValuEngine cut shares of Convergys from a “hold” rating to a “sell” rating in a report on Wednesday, May 9th. One equities research analyst has rated the stock with a sell rating and five have assigned a hold rating to the company. Convergys presently has a consensus rating of “Hold” and a consensus target price of $27.13.

NYSE CVG traded down $0.05 during trading on Monday, reaching $24.31. 951,900 shares of the stock traded hands, compared to its average volume of 1,062,779. The stock has a market cap of $2.22 billion, a P/E ratio of 13.01, a P/E/G ratio of 1.60 and a beta of 0.90. The company has a debt-to-equity ratio of 0.13, a quick ratio of 2.38 and a current ratio of 2.22. Convergys has a fifty-two week low of $21.13 and a fifty-two week high of $26.72.

Hedge funds and other institutional investors have recently modified their holdings of the stock. Xact Kapitalforvaltning AB boosted its holdings in shares of Convergys by 16.5% in the second quarter. Xact Kapitalforvaltning AB now owns 14,132 shares of the business services provider’s stock valued at $345,000 after buying an additional 2,000 shares during the period. Aperio Group LLC boosted its holdings in shares of Convergys by 2.5% in the second quarter. Aperio Group LLC now owns 98,844 shares of the business services provider’s stock valued at $2,416,000 after buying an additional 2,401 shares during the period. KBC Group NV boosted its holdings in shares of Convergys by 1.4% in the first quarter. KBC Group NV now owns 180,269 shares of the business services provider’s stock valued at $4,078,000 after buying an additional 2,516 shares during the period. Systematic Financial Management LP boosted its holdings in shares of Convergys by 4.4% in the first quarter. Systematic Financial Management LP now owns 62,075 shares of the business services provider’s stock valued at $1,404,000 after buying an additional 2,630 shares during the period. Finally, Victory Capital Management Inc. boosted its holdings in shares of Convergys by 15.9% in the second quarter. Victory Capital Management Inc. now owns 19,799 shares of the business services provider’s stock valued at $484,000 after buying an additional 2,715 shares during the period.

About Convergys

Convergys Corporation provides customer management services to communications and media, technology, financial services, retail, healthcare, government, travel and hospitality, and other vertical markets worldwide. The company offers solutions across the customer lifecycle, including sales, customer service, technical support, customer retention, and collection, as well as security, compliance, and fraud solutions; and solutions in contact center technology comprising omni-channel interaction, cross-channel integration framework, real-time decisioning engine, robotic process automation, intelligent notification, campaign management, personalized care, personalized selling, agent productivity, and retention solutions.

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Earnings History and Estimates for Convergys (NYSE:CVG)

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