Conduent (CNDT) Scheduled to Post Quarterly Earnings on Wednesday

Conduent (NYSE:CNDT) is scheduled to announce its earnings results before the market opens on Wednesday, February 21st. Analysts expect the company to announce earnings of $0.26 per share for the quarter.

Shares of Conduent (CNDT) opened at $16.02 on Monday. The company has a debt-to-equity ratio of 0.60, a quick ratio of 1.74 and a current ratio of 1.74. The stock has a market cap of $3,370.24 and a PE ratio of 19.30. Conduent has a one year low of $14.86 and a one year high of $18.15.

An institutional investor recently raised its position in Conduent stock. The Manufacturers Life Insurance Company increased its position in shares of Conduent Inc (NYSE:CNDT) by 6.6% during the second quarter, according to its most recent Form 13F filing with the SEC. The firm owned 8,463 shares of the company’s stock after buying an additional 527 shares during the period. The Manufacturers Life Insurance Company ‘s holdings in Conduent were worth $135,000 at the end of the most recent reporting period. Institutional investors own 97.94% of the company’s stock.

A number of analysts have issued reports on CNDT shares. Zacks Investment Research upgraded shares of Conduent from a “hold” rating to a “buy” rating and set a $18.00 price target on the stock in a research note on Thursday, November 9th. Cross Research upgraded shares of Conduent from a “hold” rating to a “buy” rating in a research note on Tuesday, November 7th. SunTrust Banks restated a “buy” rating and set a $20.00 target price on shares of Conduent in a research note on Friday, November 10th. BMO Capital Markets cut their target price on shares of Conduent from $18.00 to $17.00 and set a “market perform” rating on the stock in a research note on Thursday, November 9th. Finally, BidaskClub upgraded shares of Conduent from a “strong sell” rating to a “sell” rating in a research note on Thursday, November 9th. One investment analyst has rated the stock with a sell rating, three have issued a hold rating and four have given a buy rating to the stock. The company presently has an average rating of “Hold” and a consensus price target of $19.60.

ILLEGAL ACTIVITY WARNING: “Conduent (CNDT) Scheduled to Post Quarterly Earnings on Wednesday” was first posted by The Ledger Gazette and is the property of of The Ledger Gazette. If you are viewing this piece of content on another domain, it was illegally copied and republished in violation of US & international copyright laws. The original version of this piece of content can be viewed at https://ledgergazette.com/2018/02/19/conduent-cndt-scheduled-to-post-quarterly-earnings-on-wednesday.html.

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).

Receive News & Ratings for Conduent Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Conduent and related companies with MarketBeat.com's FREE daily email newsletter.

Conduent (CNDT) Scheduled to Post Quarterly Earnings on Wednesday

Conduent (NYSE:CNDT) will be announcing its earnings results before the market opens on Wednesday, February 21st. Analysts expect the company to announce earnings of $0.26 per share for the quarter.

Conduent (NYSE CNDT) opened at $16.02 on Monday. Conduent has a 1 year low of $14.86 and a 1 year high of $18.15. The company has a debt-to-equity ratio of 0.60, a current ratio of 1.74 and a quick ratio of 1.74. The company has a market cap of $3,370.24 and a PE ratio of 19.30.

A number of research analysts have commented on CNDT shares. Cross Research raised shares of Conduent from a “hold” rating to a “buy” rating in a research report on Tuesday, November 7th. Zacks Investment Research raised shares of Conduent from a “hold” rating to a “buy” rating and set a $18.00 target price on the stock in a research report on Monday, January 1st. BidaskClub raised shares of Conduent from a “strong sell” rating to a “sell” rating in a research report on Thursday, November 9th. BMO Capital Markets decreased their target price on shares of Conduent from $18.00 to $17.00 and set a “market perform” rating on the stock in a research report on Thursday, November 9th. Finally, SunTrust Banks reaffirmed a “buy” rating and issued a $20.00 target price on shares of Conduent in a research report on Friday, November 10th. One investment 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 company presently has an average rating of “Hold” and a consensus target price of $19.60.

A hedge fund recently raised its stake in Conduent stock. The Manufacturers Life Insurance Company grew its holdings in shares of Conduent Inc (NYSE:CNDT) by 6.6% during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 8,463 shares of the company’s stock after purchasing an additional 527 shares during the period. The Manufacturers Life Insurance Company ‘s holdings in Conduent were worth $135,000 as of its most recent SEC filing. 97.94% of the stock is currently owned by hedge funds and other institutional investors.

COPYRIGHT VIOLATION WARNING: “Conduent (CNDT) Scheduled to Post Quarterly Earnings on Wednesday” was reported by The Ledger Gazette and is the sole property of of The Ledger Gazette. If you are viewing this news story on another website, it was illegally copied and republished in violation of US & international copyright legislation. The correct version of this news story can be viewed at https://ledgergazette.com/2018/02/19/conduent-cndt-scheduled-to-post-quarterly-earnings-on-wednesday.html.

About Conduent

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).

Receive News & Ratings for Conduent Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Conduent and related companies with MarketBeat.com's FREE daily email newsletter.

Leave a Reply