Equities analysts expect Cision Ltd (NYSE:CISN) to report earnings of $0.22 per share for the current fiscal quarter, according to Zacks Investment Research. Five 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 $0.21. Cision reported earnings of $0.19 per share in the same quarter last year, which would indicate a positive year over year growth rate of 15.8%. The company is expected to report its next earnings results on Thursday, March 14th.
According to Zacks, analysts expect that Cision will report full-year earnings of $0.85 per share for the current financial year, with EPS estimates ranging from $0.83 to $0.85. For the next year, analysts forecast that the company will report earnings of $0.96 per share, with EPS estimates ranging from $0.92 to $1.02. Zacks Investment Research’s earnings per share calculations are a mean average based on a survey of research firms that cover Cision.
Cision (NYSE:CISN) last announced its quarterly earnings results on Wednesday, November 7th. The company reported $0.19 earnings per share for the quarter, meeting the Thomson Reuters’ consensus estimate of $0.19. Cision had a positive return on equity of 31.58% and a negative net margin of 6.65%. The firm had revenue of $177.20 million for the quarter, compared to analysts’ expectations of $176.92 million. The firm’s quarterly revenue was up 10.9% on a year-over-year basis.
Several brokerages have recently commented on CISN. Zacks Investment Research raised Cision from a “sell” rating to a “hold” rating in a report on Tuesday, August 21st. ValuEngine lowered Cision from a “buy” rating to a “hold” rating in a report on Tuesday, November 6th. William Blair began coverage on Cision in a report on Wednesday, August 15th. They set an “outperform” rating for the company. Finally, Deutsche Bank lowered Cision from a “buy” rating to a “hold” rating and boosted their price objective for the stock from $16.00 to $18.00 in a report on Monday, October 8th. One analyst has rated the stock with a sell rating, three have given a hold rating and eight have assigned a buy rating to the stock. The company has an average rating of “Buy” and a consensus target price of $18.30.
Shares of NYSE CISN traded up $0.34 during midday trading on Friday, hitting $12.08. 1,042,400 shares of the company’s stock were exchanged, compared to its average volume of 535,313. Cision has a 12-month low of $11.16 and a 12-month high of $18.28. The company has a current ratio of 0.82, a quick ratio of 0.82 and a debt-to-equity ratio of 3.95. The firm has a market capitalization of $1.56 billion, a price-to-earnings ratio of 21.21 and a beta of 0.50.
In other Cision news, Director Mark Ein sold 715,599 shares of the company’s stock in a transaction that occurred on Monday, September 17th. The stock was sold at an average price of $15.44, for a total value of $11,048,848.56. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, Director L. Dyson Dryden sold 35,911 shares of the company’s stock in a transaction that occurred on Wednesday, September 19th. The stock was sold at an average price of $15.44, for a total value of $554,465.84. The disclosure for this sale can be found here. Insiders have sold 751,769 shares of company stock valued at $11,606,500 in the last three months. 6.70% of the stock is owned by insiders.
A number of institutional investors and hedge funds have recently modified their holdings of the business. Bessemer Group Inc. purchased a new stake in Cision in the third quarter worth approximately $123,000. SG Americas Securities LLC purchased a new stake in Cision in the third quarter worth approximately $143,000. Rhumbline Advisers boosted its stake in Cision by 26.0% in the third quarter. Rhumbline Advisers now owns 45,017 shares of the company’s stock worth $756,000 after buying an additional 9,297 shares in the last quarter. Prudential Financial Inc. purchased a new stake in Cision in the third quarter worth approximately $171,000. Finally, American International Group Inc. boosted its stake in Cision by 40.1% in the third quarter. American International Group Inc. now owns 35,745 shares of the company’s stock worth $601,000 after buying an additional 10,238 shares in the last quarter. 52.75% of the stock is 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.
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