Equities analysts predict that Conduent Inc. (NYSE:CNDT) will post sales of $1.49 billion for the current fiscal quarter, according to Zacks Investment Research. Two analysts have provided estimates for Conduent’s earnings. The highest sales estimate is $1.51 billion and the lowest is $1.47 billion. Conduent posted sales of $1.51 billion in the same quarter last year, which suggests a negative year-over-year growth rate of 1.3%. The firm is scheduled to announce its next earnings results on Wednesday, February 28th.

According to Zacks, analysts expect that Conduent will report full year sales of $1.49 billion for the current year, with estimates ranging from $6.00 billion to $6.04 billion. For the next year, analysts anticipate that the company will post sales of $5.93 billion per share, with estimates ranging from $5.80 billion to $6.04 billion. Zacks Investment Research’s sales calculations are an average based on a survey of analysts that that provide coverage for Conduent.

Conduent (NYSE:CNDT) last issued its earnings results on Wednesday, November 8th. The company reported $0.22 earnings per share for the quarter, topping the consensus estimate of $0.21 by $0.01. Conduent had a positive return on equity of 5.45% and a negative net margin of 16.18%. The business had revenue of $1.48 billion for the quarter, compared to analyst estimates of $1.50 billion. During the same quarter last year, the company earned $0.24 EPS. The business’s quarterly revenue was down 7.3% on a year-over-year basis.

Several research analysts have commented on CNDT shares. Zacks Investment Research lowered Conduent from a “buy” rating to a “hold” rating in a research report on Wednesday, August 16th. BidaskClub raised Conduent from a “strong sell” rating to a “sell” rating in a research report on Thursday, November 9th. Needham & Company LLC started coverage on Conduent in a research report on Wednesday, September 13th. They set a “hold” rating on the stock. Cowen reaffirmed a “hold” rating on shares of Conduent in a research report on Friday, October 6th. Finally, BMO Capital Markets cut their price target on Conduent from $18.00 to $17.00 and set a “market perform” rating on the stock in a research report on Thursday, November 9th. One research analyst has rated the stock with a sell rating, five have issued a hold rating and four have assigned a buy rating to the company. The company currently has an average rating of “Hold” and a consensus price target of $18.43.

Several hedge funds have recently made changes to their positions in CNDT. Sei Investments Co. grew its stake in shares of Conduent by 20.7% in the 2nd quarter. Sei Investments Co. now owns 14,787 shares of the company’s stock valued at $235,000 after purchasing an additional 2,533 shares during the last quarter. Trexquant Investment LP purchased a new position in shares of Conduent in the 2nd quarter valued at approximately $204,000. Teacher Retirement System of Texas grew its stake in shares of Conduent by 0.7% in the 2nd quarter. Teacher Retirement System of Texas now owns 13,816 shares of the company’s stock valued at $220,000 after purchasing an additional 98 shares during the last quarter. First Mercantile Trust Co. grew its stake in shares of Conduent by 56.2% in the 2nd quarter. First Mercantile Trust Co. now owns 14,845 shares of the company’s stock valued at $237,000 after purchasing an additional 5,340 shares during the last quarter. Finally, Rhumbline Advisers grew its stake in shares of Conduent by 8.3% in the 2nd quarter. Rhumbline Advisers now owns 179,102 shares of the company’s stock valued at $2,855,000 after purchasing an additional 13,736 shares during the last quarter. Institutional investors own 88.68% of the company’s stock.

Shares of Conduent (NYSE:CNDT) traded up $0.34 during midday trading on Tuesday, hitting $15.45. The stock had a trading volume of 3,251,800 shares, compared to its average volume of 2,480,981. The company has a quick ratio of 1.74, a current ratio of 1.74 and a debt-to-equity ratio of 0.60. Conduent has a 1-year low of $13.10 and a 1-year high of $18.15. The firm has a market cap of $3,230.00 and a price-to-earnings ratio of 18.20.

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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).

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