Barrington Research Weighs in on Convergys Corporation’s Q3 2017 Earnings (CVG)

Convergys Corporation (NYSE:CVG) – Barrington Research issued their Q3 2017 EPS estimates for shares of Convergys Corporation in a research note issued on Tuesday. Barrington Research analyst V. Colicchio expects that the business services provider will earn $0.44 per share for the quarter. Barrington Research has a “Market Perform” rating on the stock. Barrington Research also issued estimates for Convergys Corporation’s Q4 2017 earnings at $0.46 EPS, FY2017 earnings at $1.88 EPS, Q1 2018 earnings at $0.48 EPS, Q2 2018 earnings at $0.45 EPS, Q3 2018 earnings at $0.50 EPS, Q4 2018 earnings at $0.52 EPS, FY2018 earnings at $1.94 EPS and FY2019 earnings at $2.14 EPS.

Other equities research analysts have also issued research reports about the company. Robert W. Baird reaffirmed a “hold” rating on shares of Convergys Corporation in a research note on Sunday, September 17th. BidaskClub raised Convergys Corporation from a “sell” rating to a “hold” rating in a research note on Saturday, August 12th. Finally, SunTrust Banks, Inc. reaffirmed a “hold” rating and set a $26.00 price target on shares of Convergys Corporation in a research note on Monday, October 9th. Five research analysts have rated the stock with a hold rating and one has issued a buy rating to the company’s stock. Convergys Corporation has a consensus rating of “Hold” and an average target price of $26.00.

ILLEGAL ACTIVITY NOTICE: “Barrington Research Weighs in on Convergys Corporation’s Q3 2017 Earnings (CVG)” was originally published by The Ledger Gazette and is the sole property of of The Ledger Gazette. If you are reading this news story on another publication, it was stolen and reposted in violation of international trademark and copyright legislation. The correct version of this news story can be read at https://ledgergazette.com/2017/10/19/barrington-research-weighs-in-on-convergys-corporations-q3-2017-earnings-cvg.html.

Shares of Convergys Corporation (NYSE:CVG) opened at 25.76 on Thursday. Convergys Corporation has a 12 month low of $20.15 and a 12 month high of $30.23. The company has a market capitalization of $2.40 billion, a P/E ratio of 18.19 and a beta of 1.06. The company’s 50 day moving average price is $25.10 and its 200 day moving average price is $23.86.

Convergys Corporation (NYSE:CVG) last announced its quarterly earnings data on Tuesday, August 8th. The business services provider reported $0.46 earnings per share for the quarter, topping the consensus estimate of $0.39 by $0.07. Convergys Corporation had a return on equity of 14.46% and a net margin of 4.90%. The business had revenue of $686.80 million during the quarter, compared to the consensus estimate of $687.91 million. During the same period in the prior year, the company earned $0.41 EPS. Convergys Corporation’s revenue for the quarter was down .8% on a year-over-year basis.

The company also recently declared a quarterly dividend, which was paid on Friday, October 6th. Shareholders of record on Friday, September 22nd were paid a dividend of $0.10 per share. This represents a $0.40 annualized dividend and a yield of 1.55%. The ex-dividend date of this dividend was Thursday, September 21st. Convergys Corporation’s dividend payout ratio (DPR) is currently 28.37%.

In other Convergys Corporation news, Director Jeffrey H. Fox sold 43,609 shares of Convergys Corporation stock in a transaction dated Wednesday, September 6th. The stock was sold at an average price of $23.53, for a total transaction of $1,026,119.77. Following the completion of the sale, the director now owns 338,804 shares of the company’s stock, valued at $7,972,058.12. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Also, CFO Andre S. Valentine sold 10,000 shares of Convergys Corporation stock in a transaction dated Tuesday, August 15th. The stock was sold at an average price of $23.52, for a total value of $235,200.00. The disclosure for this sale can be found here. Insiders own 1.70% of the company’s stock.

Several hedge funds and other institutional investors have recently added to or reduced their stakes in the company. PNC Financial Services Group Inc. lifted its stake in shares of Convergys Corporation by 0.3% in the 2nd quarter. PNC Financial Services Group Inc. now owns 37,296 shares of the business services provider’s stock valued at $886,000 after acquiring an additional 112 shares during the last quarter. Meeder Asset Management Inc. lifted its stake in shares of Convergys Corporation by 0.4% in the 2nd quarter. Meeder Asset Management Inc. now owns 31,935 shares of the business services provider’s stock valued at $760,000 after acquiring an additional 126 shares during the last quarter. Advantus Capital Management Inc lifted its stake in shares of Convergys Corporation by 2.0% in the 1st quarter. Advantus Capital Management Inc now owns 12,094 shares of the business services provider’s stock valued at $256,000 after acquiring an additional 241 shares during the last quarter. BB&T Corp lifted its stake in shares of Convergys Corporation by 0.6% in the 2nd quarter. BB&T Corp now owns 51,243 shares of the business services provider’s stock valued at $1,218,000 after acquiring an additional 317 shares during the last quarter. Finally, Texas Permanent School Fund lifted its stake in shares of Convergys Corporation by 0.5% in the 2nd quarter. Texas Permanent School Fund now owns 68,723 shares of the business services provider’s stock valued at $1,634,000 after acquiring an additional 332 shares during the last quarter. 98.72% of the stock is owned by institutional investors.

About Convergys Corporation

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

Convergys Corporation (NYSE:CVG) – Barrington Research issued their Q3 2017 EPS estimates for shares of Convergys Corporation in a research note issued on Tuesday. Barrington Research analyst V. Colicchio expects that the business services provider will earn $0.44 per share for the quarter. Barrington Research has a “Market Perform” rating on the stock. Barrington Research also issued estimates for Convergys Corporation’s Q4 2017 earnings at $0.46 EPS, FY2017 earnings at $1.88 EPS, Q1 2018 earnings at $0.48 EPS, Q2 2018 earnings at $0.45 EPS, Q3 2018 earnings at $0.50 EPS, Q4 2018 earnings at $0.52 EPS, FY2018 earnings at $1.94 EPS and FY2019 earnings at $2.14 EPS.

Other equities research analysts have also issued research reports about the company. Robert W. Baird reaffirmed a “hold” rating on shares of Convergys Corporation in a research note on Sunday, September 17th. BidaskClub raised Convergys Corporation from a “sell” rating to a “hold” rating in a research note on Saturday, August 12th. Finally, SunTrust Banks, Inc. reaffirmed a “hold” rating and set a $26.00 price target on shares of Convergys Corporation in a research note on Monday, October 9th. Five research analysts have rated the stock with a hold rating and one has issued a buy rating to the company’s stock. Convergys Corporation has a consensus rating of “Hold” and an average target price of $26.00.

ILLEGAL ACTIVITY NOTICE: “Barrington Research Weighs in on Convergys Corporation’s Q3 2017 Earnings (CVG)” was originally published by The Ledger Gazette and is the sole property of of The Ledger Gazette. If you are reading this news story on another publication, it was stolen and reposted in violation of international trademark and copyright legislation. The correct version of this news story can be read at https://ledgergazette.com/2017/10/19/barrington-research-weighs-in-on-convergys-corporations-q3-2017-earnings-cvg.html.

Shares of Convergys Corporation (NYSE:CVG) opened at 25.76 on Thursday. Convergys Corporation has a 12 month low of $20.15 and a 12 month high of $30.23. The company has a market capitalization of $2.40 billion, a P/E ratio of 18.19 and a beta of 1.06. The company’s 50 day moving average price is $25.10 and its 200 day moving average price is $23.86.

Convergys Corporation (NYSE:CVG) last announced its quarterly earnings data on Tuesday, August 8th. The business services provider reported $0.46 earnings per share for the quarter, topping the consensus estimate of $0.39 by $0.07. Convergys Corporation had a return on equity of 14.46% and a net margin of 4.90%. The business had revenue of $686.80 million during the quarter, compared to the consensus estimate of $687.91 million. During the same period in the prior year, the company earned $0.41 EPS. Convergys Corporation’s revenue for the quarter was down .8% on a year-over-year basis.

The company also recently declared a quarterly dividend, which was paid on Friday, October 6th. Shareholders of record on Friday, September 22nd were paid a dividend of $0.10 per share. This represents a $0.40 annualized dividend and a yield of 1.55%. The ex-dividend date of this dividend was Thursday, September 21st. Convergys Corporation’s dividend payout ratio (DPR) is currently 28.37%.

In other Convergys Corporation news, Director Jeffrey H. Fox sold 43,609 shares of Convergys Corporation stock in a transaction dated Wednesday, September 6th. The stock was sold at an average price of $23.53, for a total transaction of $1,026,119.77. Following the completion of the sale, the director now owns 338,804 shares of the company’s stock, valued at $7,972,058.12. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Also, CFO Andre S. Valentine sold 10,000 shares of Convergys Corporation stock in a transaction dated Tuesday, August 15th. The stock was sold at an average price of $23.52, for a total value of $235,200.00. The disclosure for this sale can be found here. Insiders own 1.70% of the company’s stock.

Several hedge funds and other institutional investors have recently added to or reduced their stakes in the company. PNC Financial Services Group Inc. lifted its stake in shares of Convergys Corporation by 0.3% in the 2nd quarter. PNC Financial Services Group Inc. now owns 37,296 shares of the business services provider’s stock valued at $886,000 after acquiring an additional 112 shares during the last quarter. Meeder Asset Management Inc. lifted its stake in shares of Convergys Corporation by 0.4% in the 2nd quarter. Meeder Asset Management Inc. now owns 31,935 shares of the business services provider’s stock valued at $760,000 after acquiring an additional 126 shares during the last quarter. Advantus Capital Management Inc lifted its stake in shares of Convergys Corporation by 2.0% in the 1st quarter. Advantus Capital Management Inc now owns 12,094 shares of the business services provider’s stock valued at $256,000 after acquiring an additional 241 shares during the last quarter. BB&T Corp lifted its stake in shares of Convergys Corporation by 0.6% in the 2nd quarter. BB&T Corp now owns 51,243 shares of the business services provider’s stock valued at $1,218,000 after acquiring an additional 317 shares during the last quarter. Finally, Texas Permanent School Fund lifted its stake in shares of Convergys Corporation by 0.5% in the 2nd quarter. Texas Permanent School Fund now owns 68,723 shares of the business services provider’s stock valued at $1,634,000 after acquiring an additional 332 shares during the last quarter. 98.72% of the stock is owned by institutional investors.

About Convergys Corporation

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.

Earnings History and Estimates for Convergys Corporation (NYSE:CVG)

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