Convergys Corp (CVG) Scheduled to Post Quarterly Earnings on Monday
Convergys Corp (NYSE:CVG) will be announcing its Q214 earnings results on Monday, August 11th. Analysts expect the company to announce earnings of $0.32 per share and revenue of $732.69 million for the quarter. Convergys Corp has set its FY14 guidance at $1.45-1.50 EPS.
Convergys Corp (NYSE:CVG) last posted its quarterly earnings results on Monday, May 12th. The company reported $0.32 EPS for the quarter, beating the Thomson Reuters consensus estimate of $0.28 by $0.04. The company had revenue of $606.00 million for the quarter, compared to the consensus estimate of $589.31 million. During the same quarter in the prior year, the company posted $0.22 earnings per share. The company’s quarterly revenue was up 22.6% on a year-over-year basis. On average, analysts expect Convergys Corp to post $1.47 EPS for the current fiscal year and $1.69 EPS for the next fiscal year.
Shares of Convergys Corp (NYSE:CVG) opened at 19.09 on Friday. Convergys Corp has a 1-year low of $17.16 and a 1-year high of $24.43. The stock has a 50-day moving average of $20.58 and a 200-day moving average of $21.05. The company has a market cap of $1.937 billion and a price-to-earnings ratio of 40.83.
A number of research firms have recently commented on CVG. Analysts at Macquarie raised their price target on shares of Convergys Corp from $20.00 to $25.00 in a research note on Thursday, May 15th. Analysts at Citigroup Inc. reiterated a “hold” rating on shares of Convergys Corp in a research note on Wednesday, May 14th. They now have a $23.00 price target on the stock, up previously from $21.00. One research analyst has rated the stock with a hold rating and three have assigned a buy rating to the company. Convergys Corp presently has a consensus rating of “Buy” and a consensus price target of $24.67.
Convergys Corporation (NYSE:CVG) is engaged in customer management.
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