Cision Ltd (NYSE:CISN) – SunTrust Banks dropped their Q3 2019 earnings per share estimates for Cision in a note issued to investors on Monday, August 12th, Zacks Investment Research reports. SunTrust Banks analyst M. Thornton now anticipates that the company will post earnings per share of $0.18 for the quarter, down from their prior estimate of $0.19. SunTrust Banks also issued estimates for Cision’s FY2019 earnings at $0.77 EPS.
Cision (NYSE:CISN) last released its earnings results on Thursday, August 8th. The company reported $0.19 earnings per share (EPS) for the quarter, meeting the Thomson Reuters’ consensus estimate of $0.19. Cision had a negative net margin of 1.84% and a positive return on equity of 27.68%. The firm had revenue of $190.50 million during the quarter, compared to analyst estimates of $191.44 million. During the same period last year, the business earned $0.23 earnings per share. The business’s revenue was up 1.6% on a year-over-year basis.
Several other equities analysts have also issued reports on the stock. BMO Capital Markets lowered their target price on shares of Cision from $17.00 to $14.00 and set an “outperform” rating for the company in a report on Friday, August 9th. Cowen set a $14.00 target price on shares of Cision and gave the company a “buy” rating in a report on Monday, August 12th. Finally, Zacks Investment Research upgraded shares of Cision from a “sell” rating to a “hold” rating in a report on Tuesday. Four investment analysts have rated the stock with a hold rating and two have issued a buy rating to the stock. The stock presently has a consensus rating of “Hold” and a consensus price target of $14.50.
Shares of CISN stock traded down $0.01 during trading hours on Thursday, hitting $7.14. 231,600 shares of the company’s stock traded hands, compared to its average volume of 645,030. The stock’s fifty day simple moving average is $8.27 and its two-hundred day simple moving average is $11.21. Cision has a 12-month low of $6.02 and a 12-month high of $18.26. The stock has a market cap of $1.00 billion, a price-to-earnings ratio of 8.60 and a beta of 0.79. The company has a quick ratio of 0.81, a current ratio of 0.81 and a debt-to-equity ratio of 2.75.
In related news, insider Rainer Mathes sold 15,662 shares of the business’s stock in a transaction that occurred on Thursday, July 11th. The shares were sold at an average price of $10.95, for a total value of $171,498.90. Following the completion of the transaction, the insider now directly owns 1,659,249 shares in the company, valued at approximately $18,168,776.55. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Over the last 90 days, insiders sold 58,662 shares of company stock valued at $645,809. 4.80% of the stock is owned by company insiders.
Hedge funds and other institutional investors have recently made changes to their positions in the stock. Colony Group LLC purchased a new position in shares of Cision during the 2nd quarter valued at $1,553,000. Spitfire Capital LLC boosted its stake in shares of Cision by 3.7% during the second quarter. Spitfire Capital LLC now owns 512,900 shares of the company’s stock valued at $6,016,000 after purchasing an additional 18,500 shares in the last quarter. Steadfast Capital Management LP boosted its stake in shares of Cision by 2.0% during the second quarter. Steadfast Capital Management LP now owns 923,066 shares of the company’s stock valued at $10,828,000 after purchasing an additional 17,691 shares in the last quarter. Nuveen Asset Management LLC bought a new position in shares of Cision during the second quarter valued at approximately $5,843,000. Finally, D. E. Shaw & Co. Inc. boosted its stake in shares of Cision by 798.0% during the second quarter. D. E. Shaw & Co. Inc. now owns 342,712 shares of the company’s stock valued at $4,020,000 after purchasing an additional 304,549 shares in the last quarter. Institutional investors own 54.05% of the company’s stock.
Cision Company Profile
Cision Ltd. provides public relations (PR) software, media distribution, media intelligence, and related professional services to businesses worldwide. The company enables public relations and communications professionals to manage, execute, and measure their strategic PR and communications programs.