Brokerages predict that Conduent Inc (NASDAQ:CNDT) will post sales of $1.51 billion for the current fiscal quarter, according to Zacks. Two analysts have issued estimates for Conduent’s earnings. The business is expected to report its next quarterly earnings report on Wednesday, November 8th.

On average, analysts expect that Conduent will report full year sales of $1.51 billion for the current year, with estimates ranging from $6.07 billion to $6.11 billion. For the next fiscal year, analysts anticipate that the business will report sales of $6.01 billion per share, with estimates ranging from $5.93 billion to $6.12 billion. Zacks Investment Research’s sales calculations are an average based on a survey of sell-side research firms that cover Conduent.

Conduent (NASDAQ:CNDT) last released its earnings results on Wednesday, August 9th. The company reported $0.16 EPS for the quarter, meeting the Thomson Reuters’ consensus estimate of $0.16. The company had revenue of $1.50 billion during the quarter, compared to analysts’ expectations of $1.50 billion. Conduent had a negative return on equity of 0.48% and a negative net margin of 0.27%. The business’s revenue was down 7.3% on a year-over-year basis. During the same period in the prior year, the business posted $0.30 EPS.

Several research analysts have commented on the company. Cowen and Company reaffirmed a “hold” rating and issued a $18.00 price target on shares of Conduent in a research report on Friday, July 28th. Zacks Investment Research downgraded Conduent from a “buy” rating to a “hold” rating in a research report on Friday, May 12th. Finally, Citigroup Inc. reaffirmed a “buy” rating and issued a $25.00 price target (up from $17.00) on shares of Conduent in a research report on Friday, June 9th. Six analysts have rated the stock with a hold rating and two have assigned a buy rating to the stock. The company has an average rating of “Hold” and an average target price of $18.00.

COPYRIGHT VIOLATION WARNING: “Conduent Inc (CNDT) Expected to Post Quarterly Sales of $1.51 Billion” was originally posted by American Banking News and is owned by of American Banking News. If you are reading this piece of content on another domain, it was illegally stolen and reposted in violation of international copyright & trademark law. The original version of this piece of content can be accessed at https://www.americanbankingnews.com/2017/09/08/conduent-inc-cndt-expected-to-post-quarterly-sales-of-1-51-billion.html.

In other news, EVP David Amoriell sold 106,500 shares of the business’s stock in a transaction that occurred on Wednesday, August 16th. The stock was sold at an average price of $17.01, for a total transaction of $1,811,565.00. Following the sale, the executive vice president now directly owns 120,630 shares in the company, valued at $2,051,916.30. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website.

Several institutional investors and hedge funds have recently added to or reduced their stakes in the company. Lord Abbett & CO. LLC increased its position in shares of Conduent by 43.4% during the second quarter. Lord Abbett & CO. LLC now owns 5,974,165 shares of the company’s stock valued at $95,228,000 after purchasing an additional 1,806,896 shares during the period. Phocas Financial Corp. bought a new stake in shares of Conduent during the second quarter valued at approximately $5,535,000. Advisory Services Network LLC increased its position in shares of Conduent by 173.9% during the second quarter. Advisory Services Network LLC now owns 10,913 shares of the company’s stock valued at $174,000 after purchasing an additional 6,929 shares during the period. Dynamic Technology Lab Private Ltd bought a new stake in shares of Conduent during the second quarter valued at approximately $347,000. Finally, Verition Fund Management LLC increased its position in shares of Conduent by 47.7% during the second quarter. Verition Fund Management LLC now owns 26,353 shares of the company’s stock valued at $420,000 after purchasing an additional 8,508 shares during the period.

Conduent (CNDT) opened at 15.94 on Friday. Conduent has a 1-year low of $13.10 and a 1-year high of $18.15. The stock’s market capitalization is $3.35 billion. The stock’s 50 day moving average price is $16.66 and its 200 day moving average price is $16.36.

About Conduent

Conduent Incorporated is a provider of business process services, including transaction-intensive processing, analytics and automation services. The Company’s segments include Commercial Industries, Healthcare and Public Sector. The Commercial Industries segment provides business process services and customized solutions to clients in a range of industries (other than healthcare).

Get a free copy of the Zacks research report on Conduent (CNDT)

For more information about research offerings from Zacks Investment Research, visit Zacks.com

Earnings History and Estimates for Conduent (NASDAQ:CNDT)

Receive News & Ratings for Conduent Inc Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Conduent Inc and related companies with MarketBeat.com's FREE daily email newsletter.