Conduent (CNDT) Set to Announce Earnings on Wednesday

Conduent (NASDAQ:CNDT) is scheduled to be issuing its quarterly earnings data before the market opens on Wednesday, August 7th. Analysts expect the company to announce earnings of ($0.26) per share for the quarter. Parties interested in participating in the company’s conference call can do so using this link.

Conduent (NASDAQ:CNDT) last issued its quarterly earnings results on Wednesday, May 1st. The company reported ($0.09) earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of ($0.15) by $0.06. The firm had revenue of $921.00 million for the quarter, compared to the consensus estimate of $896.00 million. Conduent had a negative net margin of 5.13% and a negative return on equity of 2.50%. On average, analysts expect Conduent to post $-1 EPS for the current fiscal year and $0 EPS for the next fiscal year.

Conduent Stock Up 2.0 %

Shares of NASDAQ CNDT opened at $4.15 on Wednesday. The company has a market capitalization of $849.01 million, a P/E ratio of -4.61 and a beta of 1.52. Conduent has a 52-week low of $2.40 and a 52-week high of $4.18. The company has a debt-to-equity ratio of 1.54, a quick ratio of 1.87 and a current ratio of 1.87. The company’s 50 day moving average price is $3.51 and its 200-day moving average price is $3.47.

Insider Activity at Conduent

In related news, major shareholder Carl C. Icahn sold 38,149,336 shares of the business’s stock in a transaction on Saturday, June 8th. The shares were sold at an average price of $3.47, for a total transaction of $132,378,195.92. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink. 1.84% of the stock is owned by corporate insiders.

Wall Street Analysts Forecast Growth

Separately, StockNews.com downgraded shares of Conduent from a “buy” rating to a “hold” rating in a research report on Tuesday, May 28th.

Conduent Company Profile

Conduent Incorporated provides digital business solutions and services for the commercial, government, and transportation spectrum in the United States, Europe, and internationally. It operates through three segments: Commercial, Government Services, and Transportation. The Commercial segment offers business process services and customized solutions to clients in various industries; and customer experience management, business operations, healthcare claims and administration, and human capital solutions.