Wall Street brokerages expect Conduent Inc (NYSE:CNDT) to post $1.49 billion in sales for the current fiscal quarter, Zacks reports. Two analysts have made estimates for Conduent’s earnings, with estimates ranging from $1.47 billion to $1.51 billion. Conduent reported sales of $1.51 billion in the same quarter last year, which indicates a negative year-over-year growth rate of 1.3%. The company is scheduled to announce its next earnings report before the market opens on Wednesday, February 21st.
According to Zacks, analysts expect that Conduent will report full-year sales of $1.49 billion for the current year, with estimates ranging from $6.00 billion to $6.04 billion. For the next financial year, analysts forecast that the business will post sales of $5.93 billion per share, with estimates ranging from $5.80 billion to $6.04 billion. Zacks Investment Research’s sales averages are an average based on a survey of analysts that that provide coverage for Conduent.
A number of equities research analysts recently commented on the company. SunTrust Banks reaffirmed a “buy” rating and set a $20.00 price objective on shares of Conduent in a research note on Friday, November 10th. Zacks Investment Research cut Conduent from a “buy” rating to a “hold” rating in a research note on Friday, December 29th. BidaskClub raised Conduent from a “strong sell” rating to a “sell” rating in a research note on Thursday, November 9th. BMO Capital Markets decreased their price objective on Conduent from $18.00 to $17.00 and set a “market perform” rating for the company in a research note on Thursday, November 9th. Finally, Cross Research raised Conduent from a “hold” rating to a “buy” rating in a research note on Tuesday, November 7th. One analyst has rated the stock with a sell rating, three have assigned a hold rating and four have issued a buy rating to the company’s stock. The stock currently has a consensus rating of “Hold” and an average target price of $19.60.
Shares of Conduent (NYSE:CNDT) opened at $16.02 on Friday. The company has a debt-to-equity ratio of 0.60, a quick ratio of 1.74 and a current ratio of 1.74. Conduent has a 52 week low of $14.86 and a 52 week high of $18.15. The company has a market capitalization of $3,370.24 and a price-to-earnings ratio of 19.30.
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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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