Wall Street brokerages forecast that Cision Ltd (NYSE:CISN) will announce $0.21 earnings per share for the current fiscal quarter, according to Zacks Investment Research. Three analysts have provided estimates for Cision’s earnings, with the highest EPS estimate coming in at $0.23 and the lowest estimate coming in at $0.19. Cision reported earnings of $0.14 per share during the same quarter last year, which suggests a positive year over year growth rate of 50%. The firm is expected to report its next quarterly earnings results on Wednesday, August 8th.
According to Zacks, analysts expect that Cision will report full-year earnings of $0.87 per share for the current fiscal year, with EPS estimates ranging from $0.85 to $0.89. For the next financial year, analysts forecast that the business will post earnings of $1.07 per share, with EPS estimates ranging from $0.97 to $1.18. Zacks Investment Research’s EPS calculations are a mean average based on a survey of research firms that follow Cision.
Cision (NYSE:CISN) last released its quarterly earnings data on Tuesday, May 8th. The company reported $0.19 EPS for the quarter, meeting the consensus estimate of $0.19. The business had revenue of $179.30 million for the quarter, compared to the consensus estimate of $169.49 million. Cision had a negative net margin of 15.10% and a positive return on equity of 3.04%. The business’s revenue for the quarter was up 23.0% on a year-over-year basis. During the same period in the prior year, the firm earned $0.07 EPS.
CISN has been the topic of a number of recent analyst reports. Zacks Investment Research raised shares of Cision from a “hold” rating to a “buy” rating and set a $14.00 price target on the stock in a report on Thursday, March 15th. SunTrust Banks initiated coverage on shares of Cision in a report on Tuesday. They set a “buy” rating and a $20.00 price target on the stock. Deutsche Bank initiated coverage on shares of Cision in a report on Thursday, March 22nd. They set a “buy” rating on the stock. ValuEngine raised shares of Cision from a “hold” rating to a “buy” rating in a report on Wednesday, May 2nd. Finally, BMO Capital Markets initiated coverage on shares of Cision in a report on Friday, May 11th. They set an “outperform” rating and a $16.00 price target on the stock. One investment analyst has rated the stock with a sell rating and eight have given a buy rating to the company. The company currently has an average rating of “Buy” and a consensus target price of $16.50.
Shares of CISN stock traded down $0.09 during trading hours on Friday, hitting $14.95. The company’s stock had a trading volume of 5,102,628 shares, compared to its average volume of 900,555. The company has a market capitalization of $1.97 billion, a P/E ratio of 26.23 and a beta of -0.04. The company has a debt-to-equity ratio of 3.71, a current ratio of 0.87 and a quick ratio of 0.87. Cision has a 12-month low of $9.90 and a 12-month high of $17.07.
In related news, Director L. Dyson Dryden sold 244,755 shares of the stock in a transaction on Tuesday, June 19th. The shares were sold at an average price of $14.45, for a total transaction of $3,536,709.75. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Corporate insiders own 6.70% of the company’s stock.
A number of institutional investors and hedge funds have recently bought and sold shares of CISN. JPMorgan Chase & Co. lifted its holdings in Cision by 24.1% during the first quarter. JPMorgan Chase & Co. now owns 5,925,492 shares of the company’s stock valued at $68,558,000 after purchasing an additional 1,149,712 shares in the last quarter. Spitfire Capital LLC purchased a new position in Cision during the first quarter valued at $7,022,000. First Pacific Advisors LLC purchased a new position in Cision during the first quarter valued at $7,009,000. Citadel Advisors LLC purchased a new position in Cision during the first quarter valued at $6,890,000. Finally, Millennium Management LLC lifted its holdings in Cision by 402.5% during the first quarter. Millennium Management LLC now owns 609,366 shares of the company’s stock valued at $7,050,000 after purchasing an additional 488,098 shares in the last quarter. 29.98% of the stock is currently owned by institutional investors and hedge funds.
Cision Company Profile
Cision Ltd. provides public relations (PR) software, media distribution, media intelligence, and related professional services worldwide. The company enables public relations and communications professionals to manage, execute, and measure their strategic PR and communications programs. It offers Cision Communications Cloud, an earned media cloud-based platform that brands can use to build relationships with influencers and buyers in order to amplify their marketplace influence; and provides media database that offers access to influencers when planning a campaign, as well as to schedule and record various interactions with contacts.
Get a free copy of the Zacks research report on Cision (CISN)
For more information about research offerings from Zacks Investment Research, visit Zacks.com
Receive News & Ratings for Cision Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Cision and related companies with MarketBeat.com's FREE daily email newsletter.