Wall Street analysts forecast that Cision Ltd (NYSE:CISN) will post $183.64 million in sales for the current fiscal quarter, Zacks Investment Research reports. Five analysts have issued estimates for Cision’s earnings. The lowest sales estimate is $178.22 million and the highest is $185.40 million. Cision reported sales of $169.00 million during the same quarter last year, which indicates a positive year over year growth rate of 8.7%. The company is expected to announce its next quarterly earnings report on Thursday, March 14th.
According to Zacks, analysts expect that Cision will report full-year sales of $727.72 million for the current fiscal year, with estimates ranging from $726.54 million to $729.08 million. For the next year, analysts forecast that the firm will post sales of $759.77 million, with estimates ranging from $751.00 million to $763.29 million. Zacks Investment Research’s sales calculations are an average based on a survey of sell-side research firms that follow Cision.
Cision (NYSE:CISN) last posted its quarterly earnings results on Wednesday, November 7th. The company reported $0.19 EPS for the quarter, hitting the consensus estimate of $0.19. Cision had a negative net margin of 12.62% and a positive return on equity of 8.79%. The company had revenue of $177.20 million during the quarter, compared to analysts’ expectations of $176.92 million. The business’s revenue for the quarter was up 10.9% compared to the same quarter last year.
Several research analysts have commented on CISN shares. Deutsche Bank cut shares of Cision from a “buy” rating to a “hold” rating and boosted their price target for the stock from $16.00 to $18.00 in a report on Monday, October 8th. Zacks Investment Research upgraded shares of Cision from a “sell” rating to a “hold” rating in a report on Tuesday, August 21st. JPMorgan Chase & Co. initiated coverage on shares of Cision in a report on Monday, July 23rd. They issued a “neutral” rating and a $18.00 target price for the company. William Blair initiated coverage on shares of Cision in a report on Wednesday, August 15th. They issued an “outperform” rating for the company. Finally, Citigroup initiated coverage on shares of Cision in a report on Thursday, August 2nd. They issued a “buy” rating and a $21.00 target price for the company. One equities research analyst has rated the stock with a sell rating, three have given a hold rating and eight have given a buy rating to the stock. The stock currently has an average rating of “Buy” and an average price target of $18.30.
NYSE CISN opened at $14.07 on Friday. The company has a quick ratio of 0.81, a current ratio of 0.81 and a debt-to-equity ratio of 3.90. Cision has a 52 week low of $11.13 and a 52 week high of $18.28. The company has a market cap of $1.89 billion, a price-to-earnings ratio of 24.68 and a beta of 0.57.
In related news, Director L. Dyson Dryden sold 35,911 shares of the stock in a transaction on Wednesday, September 19th. The shares were sold at an average price of $15.44, for a total transaction of $554,465.84. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. Also, Director Mark Ein sold 715,599 shares of the stock in a transaction on Monday, September 17th. The stock was sold at an average price of $15.44, for a total transaction of $11,048,848.56. The disclosure for this sale can be found here. Corporate insiders own 6.70% of the company’s stock.
Large investors have recently modified their holdings of the stock. Bessemer Group Inc. acquired a new stake in Cision during the 3rd quarter worth $123,000. SG Americas Securities LLC purchased a new position in Cision during the 3rd quarter worth $143,000. Prudential Financial Inc. purchased a new position in Cision during the 3rd quarter worth $171,000. California Public Employees Retirement System purchased a new position in Cision during the 2nd quarter worth $162,000. Finally, Strs Ohio purchased a new position in Cision during the 2nd quarter worth $171,000. Hedge funds and other institutional investors own 43.15% of the company’s stock.
Cision Ltd. provides public relations (PR) software, media distribution, media intelligence, and related professional services worldwide. The company enables public relations and communications professionals to manage, execute, and measure their strategic PR and communications programs. It offers Cision Communications Cloud, an earned media cloud-based platform that brands can use to build relationships with influencers and buyers in order to amplify their marketplace influence; and provides media database that offers access to influencers when planning a campaign, as well as to schedule and record various interactions with contacts.
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