Analysts forecast that Conduent Inc (NYSE:CNDT) will announce earnings of $0.28 per share for the current quarter, according to Zacks Investment Research. Two analysts have issued estimates for Conduent’s earnings, with estimates ranging from $0.26 to $0.31. Conduent reported earnings per share of $0.31 in the same quarter last year, which suggests a negative year-over-year growth rate of 9.7%. The business is scheduled to announce its next quarterly earnings results on Wednesday, February 20th.

On average, analysts expect that Conduent will report full year earnings of $1.10 per share for the current year, with EPS estimates ranging from $1.06 to $1.15. For the next fiscal year, analysts forecast that the company will report earnings of $1.19 per share, with EPS estimates ranging from $1.09 to $1.35. Zacks’ EPS averages are a mean average based on a survey of research firms that cover Conduent.

Conduent (NYSE:CNDT) last issued its earnings results on Wednesday, November 7th. The company reported $0.28 earnings per share for the quarter, missing the consensus estimate of $0.29 by ($0.01). Conduent had a positive return on equity of 6.80% and a negative net margin of 1.21%. The company had revenue of $1.30 billion for the quarter, compared to analyst estimates of $1.34 billion. During the same quarter in the previous year, the company posted $0.22 earnings per share. The company’s quarterly revenue was down 11.9% compared to the same quarter last year.

Several equities analysts recently issued reports on CNDT shares. JPMorgan Chase & Co. downgraded shares of Conduent to a “buy” rating and set a $24.00 price objective on the stock. in a research note on Wednesday, August 15th. Zacks Investment Research downgraded shares of Conduent from a “buy” rating to a “hold” rating in a research note on Wednesday, October 10th. BMO Capital Markets increased their price objective on shares of Conduent from $22.00 to $23.00 and gave the stock a “market perform” rating in a research report on Thursday, August 9th. SunTrust Banks dropped their price objective on shares of Conduent to $18.00 and set a “buy” rating for the company in a research report on Thursday, November 8th. Finally, Morgan Stanley set a $16.00 price objective on shares of Conduent and gave the stock a “hold” rating in a research report on Thursday, November 8th. One analyst has rated the stock with a sell rating, four have given a hold rating and four have assigned a buy rating to the company. Conduent has an average rating of “Hold” and an average target price of $21.57.

In related news, President David Amoriell sold 33,903 shares of Conduent stock in a transaction dated Monday, August 20th. The shares were sold at an average price of $21.30, for a total value of $722,133.90. Following the sale, the president now directly owns 83,888 shares in the company, valued at approximately $1,786,814.40. The sale was disclosed in a legal filing with the SEC, which is available at the SEC website. Company insiders own 0.39% of the company’s stock.

A number of large investors have recently modified their holdings of the stock. Point72 Hong Kong Ltd raised its position in shares of Conduent by 170.1% during the 2nd quarter. Point72 Hong Kong Ltd now owns 5,997 shares of the company’s stock worth $109,000 after buying an additional 3,777 shares in the last quarter. Group One Trading L.P. raised its position in shares of Conduent by 673.6% during the 3rd quarter. Group One Trading L.P. now owns 6,046 shares of the company’s stock worth $136,000 after buying an additional 7,100 shares in the last quarter. ClariVest Asset Management LLC bought a new stake in shares of Conduent during the 3rd quarter worth about $157,000. SG Americas Securities LLC bought a new stake in shares of Conduent during the 2nd quarter worth about $142,000. Finally, BNP Paribas Arbitrage SA raised its position in shares of Conduent by 416.0% during the 2nd quarter. BNP Paribas Arbitrage SA now owns 7,972 shares of the company’s stock worth $145,000 after buying an additional 6,427 shares in the last quarter. Hedge funds and other institutional investors own 90.51% of the company’s stock.

CNDT traded down $0.50 on Thursday, hitting $13.35. 240,992 shares of the company were exchanged, compared to its average volume of 2,304,834. Conduent has a fifty-two week low of $12.18 and a fifty-two week high of $23.39. The firm has a market capitalization of $2.75 billion, a P/E ratio of 15.71 and a beta of 0.88. The company has a current ratio of 2.03, a quick ratio of 2.03 and a debt-to-equity ratio of 0.57.

About Conduent

Conduent Incorporated provides business process services with capabilities in transaction-intensive processing, analytics, and automation in the United States and internationally. It operates in two segments, Commercial Industries and Public Sector. The Commercial Industries segment offers business process services and customized solutions to clients in various industries.

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Earnings History and Estimates for Conduent (NYSE:CNDT)

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