Wall Street brokerages predict that Cision Ltd (NYSE:CISN) will report $192.04 million in sales for the current fiscal quarter, according to Zacks Investment Research. Five analysts have issued estimates for Cision’s earnings. The highest sales estimate is $195.00 million and the lowest is $191.00 million. Cision posted sales of $187.48 million during the same quarter last year, which suggests a positive year-over-year growth rate of 2.4%. The firm is scheduled to issue its next earnings report on Wednesday, August 14th.
According to Zacks, analysts expect that Cision will report full-year sales of $778.58 million for the current year, with estimates ranging from $774.48 million to $787.40 million. For the next year, analysts expect that the company will post sales of $832.94 million, with estimates ranging from $817.17 million to $857.10 million. Zacks Investment Research’s sales averages are an average based on a survey of sell-side analysts that cover Cision.
Cision (NYSE:CISN) last issued its quarterly earnings results on Thursday, May 9th. The company reported $0.19 EPS for the quarter, hitting the consensus estimate of $0.19. Cision had a negative net margin of 1.68% and a positive return on equity of 31.61%. The firm had revenue of $185.80 million for the quarter, compared to analysts’ expectations of $188.40 million. During the same period in the previous year, the business earned $0.19 earnings per share. Cision’s revenue for the quarter was up 3.6% compared to the same quarter last year.
Several brokerages have commented on CISN. Zacks Investment Research upgraded shares of Cision from a “sell” rating to a “hold” rating in a research report on Thursday, June 6th. ValuEngine cut shares of Cision from a “buy” rating to a “hold” rating in a research report on Monday, April 1st. Five analysts have rated the stock with a hold rating and five have given a buy rating to the company’s stock. The stock currently has a consensus rating of “Buy” and an average price target of $18.29.
Cision stock traded down $0.18 during midday trading on Tuesday, hitting $11.14. The company’s stock had a trading volume of 423,300 shares, compared to its average volume of 587,253. The company has a current ratio of 0.77, a quick ratio of 0.77 and a debt-to-equity ratio of 2.72. Cision has a 12 month low of $10.40 and a 12 month high of $18.28. The stock has a market cap of $1.70 billion, a PE ratio of 13.42 and a beta of 0.60.
In other Cision news, insider Rainer Mathes sold 17,820 shares of the business’s stock in a transaction dated Friday, May 24th. The stock was sold at an average price of $10.88, for a total transaction of $193,881.60. Following the sale, the insider now owns 1,694,949 shares in the company, valued at approximately $18,441,045.12. The transaction was disclosed in a filing with the SEC, which is available through this link. In the last 90 days, insiders have sold 65,639 shares of company stock worth $755,346. Corporate insiders own 6.70% of the company’s stock.
A number of hedge funds and other institutional investors have recently bought and sold shares of CISN. Janus Henderson Group PLC raised its holdings in Cision by 27.0% during the 1st quarter. Janus Henderson Group PLC now owns 8,106,547 shares of the company’s stock worth $111,627,000 after buying an additional 1,724,695 shares during the period. BlackRock Inc. raised its holdings in Cision by 32.4% during the 4th quarter. BlackRock Inc. now owns 4,703,520 shares of the company’s stock worth $55,032,000 after buying an additional 1,151,604 shares during the period. Prudential Financial Inc. raised its holdings in Cision by 4,358.1% during the 4th quarter. Prudential Financial Inc. now owns 452,942 shares of the company’s stock worth $5,300,000 after buying an additional 442,782 shares during the period. Dimensional Fund Advisors LP raised its holdings in Cision by 73.5% during the 4th quarter. Dimensional Fund Advisors LP now owns 923,949 shares of the company’s stock worth $10,810,000 after buying an additional 391,361 shares during the period. Finally, Reinhart Partners Inc. raised its holdings in Cision by 50.7% during the 1st quarter. Reinhart Partners Inc. now owns 510,241 shares of the company’s stock worth $7,026,000 after buying an additional 171,591 shares during the period. Hedge funds and other institutional investors own 51.35% of the company’s stock.
Cision Company Profile
Cision Ltd. provides public relations (PR) software, media distribution, media intelligence, and related professional services to businesses worldwide. The company enables public relations and communications professionals to manage, execute, and measure their strategic PR and communications programs.
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