Convergys Corp (CVG) Releases Quarterly Earnings Results
Convergys Corp (NYSE:CVG) issued its quarterly earnings data on Monday. The company reported $0.34 earnings per share for the quarter, beating the analysts’ consensus estimate of $0.32 by $0.02, Analyst RN reports. The company had revenue of $736.00 million for the quarter, compared to the consensus estimate of $732.69 million.
CVG has been the subject of a number of recent research reports. 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 equities research analyst has rated the stock with a hold rating and three have given a buy rating to the company. The stock presently has a consensus rating of “Buy” and an average price target of $24.67.
Convergys Corp (NYSE:CVG) traded up 1.62% during mid-day trading on Monday, hitting $19.40. The stock had a trading volume of 417,034 shares. Convergys Corp has a 52 week low of $17.16 and a 52 week high of $24.43. The stock’s 50-day moving average is $20.52 and its 200-day moving average is $21.03. The company has a market cap of $1.969 billion and a price-to-earnings ratio of 40.44.
The company also recently declared a quarterly dividend, which is scheduled for Friday, October 3rd. Investors of record on Friday, September 19th will be given a dividend of $0.07 per share. This represents a $0.28 dividend on an annualized basis and a yield of 1.47%.
Convergys Corporation (NYSE:CVG) is engaged in customer management.
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