Wall Street analysts expect Cision Ltd (NYSE:CISN) to post $183.16 million in sales for the current fiscal quarter, according to Zacks. Five analysts have made estimates for Cision’s earnings, with the lowest sales estimate coming in at $182.00 million and the highest estimate coming in at $184.17 million. Cision reported sales of $169.00 million in the same quarter last year, which would indicate a positive year over year growth rate of 8.4%. The firm is expected to report its next earnings results on Thursday, March 14th.
According to Zacks, analysts expect that Cision will report full year sales of $727.17 million for the current year, with estimates ranging from $726.00 million to $728.18 million. For the next fiscal year, analysts forecast that the firm will post sales of $758.48 million, with estimates ranging from $747.00 million to $763.29 million. Zacks Investment Research’s sales calculations are a mean average based on a survey of sell-side research analysts that that provide coverage for Cision.
Cision (NYSE:CISN) last posted its quarterly earnings results on Wednesday, November 7th. The company reported $0.19 earnings per share for the quarter, hitting the Zacks’ consensus estimate of $0.19. The company had revenue of $177.20 million for the quarter, compared to the consensus estimate of $176.92 million. Cision had a negative net margin of 6.65% and a positive return on equity of 31.58%. The company’s quarterly revenue was up 10.9% on a year-over-year basis.
CISN has been the topic of a number of recent research reports. Zacks Investment Research upgraded shares of Cision from a “sell” rating to a “hold” rating in a research report on Tuesday, August 21st. ValuEngine downgraded shares of Cision from a “buy” rating to a “hold” rating in a research report on Tuesday, November 6th. William Blair started coverage on shares of Cision in a research report on Wednesday, August 15th. They issued an “outperform” rating on the stock. Finally, Deutsche Bank downgraded shares of Cision from a “buy” rating to a “hold” rating and lifted their price objective for the company from $16.00 to $18.00 in a research report on Monday, October 8th. One analyst has rated the stock with a sell rating, three have issued a hold rating and eight have assigned a buy rating to the stock. The company has a consensus rating of “Buy” and an average price target of $18.30.
In other Cision news, Director Mark Ein sold 715,599 shares of the business’s stock in a transaction dated Monday, September 17th. The shares were sold at an average price of $15.44, for a total transaction of $11,048,848.56. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. Also, Director L. Dyson Dryden sold 35,911 shares of the business’s stock in a transaction dated Wednesday, September 19th. The stock was sold at an average price of $15.44, for a total transaction of $554,465.84. The disclosure for this sale can be found here. Insiders have sold a total of 751,769 shares of company stock worth $11,606,500 over the last 90 days. 6.70% of the stock is owned by insiders.
Institutional investors and hedge funds have recently made changes to their positions in the company. Bessemer Group Inc. acquired a new stake in shares of Cision in the 3rd quarter valued at approximately $123,000. SG Americas Securities LLC bought a new stake in shares of Cision in the 3rd quarter worth $143,000. California Public Employees Retirement System bought a new stake in shares of Cision in the 2nd quarter worth $162,000. Strs Ohio bought a new stake in shares of Cision in the 2nd quarter worth $171,000. Finally, Prudential Financial Inc. bought a new stake in shares of Cision in the 3rd quarter worth $171,000. 46.55% of the stock is currently owned by institutional investors.
Shares of CISN stock opened at $12.52 on Monday. The firm has a market cap of $1.66 billion, a price-to-earnings ratio of 21.96 and a beta of 0.57. The company has a quick ratio of 0.82, a current ratio of 0.82 and a debt-to-equity ratio of 3.95. Cision has a 1-year low of $11.16 and a 1-year high of $18.28.
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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