$0.23 EPS Expected for Conduent Inc (CNDT) This Quarter

Equities research analysts expect Conduent Inc (NYSE:CNDT) to report $0.23 earnings per share for the current quarter, according to Zacks Investment Research. Two analysts have made estimates for Conduent’s earnings. The highest EPS estimate is $0.23 and the lowest is $0.22. Conduent reported earnings per share of $0.16 during the same quarter last year, which suggests a positive year over year growth rate of 43.8%. The company is expected to announce its next quarterly earnings results on Wednesday, May 9th.

On average, analysts expect that Conduent will report full year earnings of $1.09 per share for the current financial year, with EPS estimates ranging from $1.07 to $1.12. For the next financial year, analysts forecast that the business will report earnings of $1.25 per share, with EPS estimates ranging from $1.22 to $1.30. Zacks’ earnings per share calculations are a mean average based on a survey of research analysts that that provide coverage for Conduent.

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Conduent (NYSE:CNDT) last posted its quarterly earnings results on Wednesday, February 21st. The company reported $0.31 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.26 by $0.05. The business had revenue of $1.49 billion during the quarter, compared to analyst estimates of $1.48 billion. Conduent had a net margin of 3.01% and a return on equity of 5.53%. The company’s revenue was down 1.4% on a year-over-year basis. During the same period in the prior year, the business posted $0.29 earnings per share.

CNDT has been the subject of a number of research reports. Cowen restated a “hold” rating on shares of Conduent in a research report on Tuesday, February 27th. SunTrust Banks restated a “buy” rating and set a $22.00 target price on shares of Conduent in a research report on Friday, February 23rd. Zacks Investment Research upgraded shares of Conduent from a “hold” rating to a “buy” rating and set a $20.00 target price for the company in a research report on Friday, February 23rd. Morgan Stanley restated an “equal weight” rating and set a $20.00 target price (up previously from $17.50) on shares of Conduent in a research report on Thursday, February 22nd. Finally, Needham & Company LLC upgraded shares of Conduent from a “hold” rating to a “buy” rating and set a $25.00 target price for the company in a research report on Tuesday, March 6th. One equities research analyst has rated the stock with a sell rating, three have assigned a hold rating and six have given a buy rating to the stock. The company presently has an average rating of “Buy” and an average price target of $21.50.

CNDT opened at $18.60 on Friday. The company has a market capitalization of $3,948.40, a price-to-earnings ratio of 21.88 and a beta of -0.69. Conduent has a 1-year low of $14.95 and a 1-year high of $20.32. The company has a debt-to-equity ratio of 0.56, a current ratio of 1.98 and a quick ratio of 1.98.

Large investors have recently modified their holdings of the stock. Investec Asset Management LTD purchased a new stake in Conduent during the fourth quarter valued at $50,741,000. Two Sigma Advisers LP raised its stake in Conduent by 191.6% during the fourth quarter. Two Sigma Advisers LP now owns 2,667,300 shares of the company’s stock valued at $43,104,000 after purchasing an additional 1,752,570 shares in the last quarter. Governors Lane LP raised its stake in Conduent by 19.5% during the fourth quarter. Governors Lane LP now owns 6,285,294 shares of the company’s stock valued at $101,570,000 after purchasing an additional 1,023,871 shares in the last quarter. Altrinsic Global Advisors LLC raised its stake in Conduent by 68.8% during the fourth quarter. Altrinsic Global Advisors LLC now owns 2,472,258 shares of the company’s stock valued at $39,951,000 after purchasing an additional 1,007,775 shares in the last quarter. Finally, St. James Investment Company LLC raised its stake in Conduent by 91.8% during the fourth quarter. St. James Investment Company LLC now owns 1,791,108 shares of the company’s stock valued at $28,944,000 after purchasing an additional 857,258 shares in the last quarter. Hedge funds and other institutional investors own 93.14% of the company’s stock.

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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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