Equities research analysts expect Conduent Inc (NASDAQ:CNDT) to report $1.51 billion in sales for the current fiscal quarter, according to Zacks. Two analysts have made estimates for Conduent’s earnings. The business is expected to report its next earnings report before the market opens on Wednesday, November 8th.

On average, analysts expect that Conduent will report full-year sales of $1.51 billion for the current fiscal year, with estimates ranging from $6.07 billion to $6.11 billion. For the next year, analysts forecast that the firm will report sales of $6.01 billion per share, with estimates ranging from $5.93 billion to $6.12 billion. Zacks’ sales calculations are a mean average based on a survey of research analysts that cover Conduent.

Conduent (NASDAQ:CNDT) last announced its quarterly earnings data on Wednesday, August 9th. The company reported $0.16 EPS for the quarter, hitting the Zacks’ consensus estimate of $0.16. The company had revenue of $1.50 billion during the quarter, compared to the consensus estimate of $1.50 billion. Conduent had a negative return on equity of 0.48% and a negative net margin of 0.27%. The company’s quarterly revenue was down 7.3% on a year-over-year basis. During the same quarter last year, the company earned $0.30 EPS.

Several research analysts have recently issued reports on CNDT shares. Zacks Investment Research upgraded Conduent from a “hold” rating to a “buy” rating and set a $19.00 price target on the stock in a research report on Wednesday, August 2nd. Needham & Company LLC assumed coverage on Conduent in a research report on Wednesday, September 13th. They issued a “hold” rating on the stock. Cowen and Company reissued a “hold” rating and set a $18.00 price target on shares of Conduent in a research report on Friday, July 28th. BMO Capital Markets reaffirmed a “hold” rating and issued a $18.00 target price on shares of Conduent in a research report on Thursday, September 28th. Finally, BidaskClub raised Conduent from a “strong sell” rating to a “sell” rating in a research report on Thursday, October 12th. One research analyst has rated the stock with a sell rating, seven have assigned a hold rating and two have assigned a buy rating to the company. Conduent presently has a consensus rating of “Hold” and a consensus target price of $18.14.

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

A number of institutional investors and hedge funds have recently added to or reduced their stakes in the business. Teacher Retirement System of Texas raised its position in Conduent by 0.7% in the second quarter. Teacher Retirement System of Texas now owns 13,816 shares of the company’s stock worth $220,000 after acquiring an additional 98 shares during the period. Alpha Windward LLC lifted its position in Conduent by 1.5% during the second quarter. Alpha Windward LLC now owns 34,916 shares of the company’s stock valued at $557,000 after purchasing an additional 524 shares during the last quarter. The Manufacturers Life Insurance Company lifted its holdings in shares of Conduent by 6.6% in the 2nd quarter. The Manufacturers Life Insurance Company now owns 8,463 shares of the company’s stock worth $135,000 after acquiring an additional 527 shares during the last quarter. Nisa Investment Advisors LLC lifted its holdings in shares of Conduent by 7.1% in the 2nd quarter. Nisa Investment Advisors LLC now owns 30,135 shares of the company’s stock worth $483,000 after acquiring an additional 2,000 shares during the last quarter. Finally, Nordea Investment Management AB increased its position in Conduent by 3.1% during the 2nd quarter. Nordea Investment Management AB now owns 68,339 shares of the company’s stock valued at $1,089,000 after purchasing an additional 2,077 shares during the period.

Shares of Conduent (NASDAQ:CNDT) opened at $15.35 on Friday.

COPYRIGHT VIOLATION NOTICE: “$1.51 Billion in Sales Expected for Conduent Inc (CNDT) This Quarter” was originally posted by American Banking News and is the property of of American Banking News. If you are viewing this piece of content on another site, it was illegally copied and republished in violation of US and international trademark and copyright laws. The original version of this piece of content can be viewed at https://www.americanbankingnews.com/2017/11/04/1-51-billion-in-sales-expected-for-conduent-inc-cndt-this-quarter.html.

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.