Press coverage about Convergys (NYSE:CVG) has been trending somewhat positive on Monday, according to Accern. Accern identifies negative and positive news coverage by monitoring more than twenty million blog and news sources in real-time. Accern ranks coverage of public companies on a scale of negative one to one, with scores nearest to one being the most favorable. Convergys earned a media sentiment score of 0.15 on Accern’s scale. Accern also gave media headlines about the business services provider an impact score of 45.4666985537451 out of 100, meaning that recent news coverage is somewhat unlikely to have an effect on the stock’s share price in the next few days.
Here are some of the news stories that may have effected Accern Sentiment Analysis’s rankings:
- Convergys (CVG) Lowered to Hold at ValuEngine (americanbankingnews.com)
- Elliott Management Owns A Stake In Convergys. Should You? (seekingalpha.com)
- New Strong Sell Stocks for March 22nd (finance.yahoo.com)
- Conversational Customer Care Reduces 80% of Repeat Callers (finance.yahoo.com)
- Convergys Corp (CVG) Expected to Announce Quarterly Sales of $669.39 Million (americanbankingnews.com)
Several equities research analysts have recently commented on the company. Zacks Investment Research raised Convergys from a “sell” rating to a “hold” rating in a research note on Monday, January 15th. ValuEngine lowered Convergys from a “buy” rating to a “hold” rating in a research note on Sunday, December 31st. Finally, Barrington Research reissued a “hold” rating on shares of Convergys in a research note on Monday, February 26th. One investment analyst has rated the stock with a sell rating, five have given a hold rating and two have issued a buy rating to the company’s stock. The company currently has a consensus rating of “Hold” and an average price target of $26.00.
Convergys (NYSE:CVG) last announced its quarterly earnings results on Wednesday, February 21st. The business services provider reported $0.47 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $0.45 by $0.02. The business had revenue of $689.40 million for the quarter, compared to analyst estimates of $695.78 million. Convergys had a return on equity of 13.71% and a net margin of 4.35%. The company’s quarterly revenue was down 9.0% on a year-over-year basis. During the same quarter in the previous year, the company earned $0.47 EPS. research analysts expect that Convergys will post 1.69 earnings per share for the current fiscal year.
The company also recently declared a quarterly dividend, which will be paid on Friday, April 6th. Stockholders of record on Friday, March 23rd will be paid a dividend of $0.10 per share. This represents a $0.40 annualized dividend and a dividend yield of 1.80%. The ex-dividend date of this dividend is Thursday, March 22nd. Convergys’s dividend payout ratio (DPR) is 32.79%.
In other news, CEO Andrea J. Ayers sold 30,000 shares of the business’s stock in a transaction that occurred on Monday, March 5th. The stock was sold at an average price of $23.25, for a total transaction of $697,500.00. Following the sale, the chief executive officer now owns 396,239 shares of the company’s stock, valued at approximately $9,212,556.75. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. 1.70% of the stock is owned by insiders.
Convergys Corporation is engaged in customer experience outsourcing. The Company’s geographical segments include North America and Rest of World. The Company offers services across industries, including communications and media, technology, financial services, retail, government and healthcare. The Company helps businesses to create customer experiences across multiple interaction channels, such as voice, chat, e-mail and interactive voice response.
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