$0.45 EPS Expected for Convergys Corporation (CVG) This Quarter

Brokerages expect that Convergys Corporation (NYSE:CVG) will announce earnings per share (EPS) of $0.45 for the current quarter, according to Zacks. Four analysts have made estimates for Convergys Corporation’s earnings, with the highest EPS estimate coming in at $0.46 and the lowest estimate coming in at $0.44. Convergys Corporation reported earnings of $0.47 per share in the same quarter last year, which suggests a negative year over year growth rate of 4.3%. The business is scheduled to report its next quarterly earnings report on Wednesday, February 28th.

According to Zacks, analysts expect that Convergys Corporation will report full-year earnings of $1.85 per share for the current financial year, with EPS estimates ranging from $1.84 to $1.86. For the next fiscal year, analysts anticipate that the firm will report earnings of $1.84 per share, with EPS estimates ranging from $1.74 to $1.89. Zacks Investment Research’s EPS calculations are a mean average based on a survey of sell-side analysts that follow Convergys Corporation.

Convergys Corporation (NYSE:CVG) last posted its quarterly earnings data on Tuesday, November 7th. The business services provider reported $0.42 EPS for the quarter, missing the consensus estimate of $0.44 by ($0.02). The firm had revenue of $688.30 million for the quarter, compared to the consensus estimate of $692.34 million. Convergys Corporation had a return on equity of 13.92% and a net margin of 4.54%. The company’s revenue was down 7.1% compared to the same quarter last year. During the same quarter last year, the firm earned $0.46 EPS.

Several research firms have recently commented on CVG. SunTrust Banks, Inc. reaffirmed a “hold” rating and issued a $26.00 price objective on shares of Convergys Corporation in a report on Monday, October 9th. Robert W. Baird restated a “hold” rating and set a $28.00 price objective on shares of Convergys Corporation in a research report on Tuesday, October 24th. Barrington Research initiated coverage on shares of Convergys Corporation in a research report on Tuesday, October 17th. They issued a “market perform” rating for the company. BidaskClub cut shares of Convergys Corporation from a “hold” rating to a “sell” rating in a research report on Tuesday, August 1st. Finally, Zacks Investment Research cut shares of Convergys Corporation from a “hold” rating to a “sell” rating in a research report on Friday, November 10th. One equities research analyst has rated the stock with a sell rating, six have assigned a hold rating and one has given a buy rating to the company. The stock currently has a consensus rating of “Hold” and an average target price of $26.00.

Shares of Convergys Corporation (NYSE CVG) opened at $24.00 on Friday. The firm has a market cap of $2,217.89, a P/E ratio of 12.83, a price-to-earnings-growth ratio of 1.44 and a beta of 1.11. Convergys Corporation has a 12-month low of $20.15 and a 12-month high of $26.66. The company has a debt-to-equity ratio of 0.25, a quick ratio of 2.60 and a current ratio of 2.60.

The company also recently disclosed a quarterly dividend, which will be paid on Friday, January 5th. Investors of record on Friday, December 22nd will be given a $0.10 dividend. The ex-dividend date of this dividend is Thursday, December 21st. This represents a $0.40 dividend on an annualized basis and a yield of 1.67%. Convergys Corporation’s dividend payout ratio (DPR) is 30.77%.

In related news, Director Jeffrey H. Fox sold 25,000 shares of the business’s stock in a transaction dated Thursday, November 16th. The shares were sold at an average price of $23.77, for a total value of $594,250.00. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, Director Jeffrey H. Fox sold 43,609 shares of the business’s stock in a transaction dated Wednesday, September 6th. The shares were sold at an average price of $23.53, for a total transaction of $1,026,119.77. Following the completion of the transaction, the director now directly owns 338,804 shares of the company’s stock, valued at approximately $7,972,058.12. The disclosure for this sale can be found here. 1.70% of the stock is currently owned by insiders.

A number of hedge funds have recently made changes to their positions in the stock. PNC Financial Services Group Inc. raised its stake in Convergys Corporation by 0.3% in the 2nd quarter. PNC Financial Services Group Inc. now owns 37,296 shares of the business services provider’s stock valued at $886,000 after purchasing an additional 112 shares during the last quarter. BB&T Corp raised its stake in Convergys Corporation by 0.6% in the 2nd quarter. BB&T Corp now owns 51,243 shares of the business services provider’s stock valued at $1,218,000 after purchasing an additional 317 shares during the last quarter. Texas Permanent School Fund raised its stake in Convergys Corporation by 0.5% in the 2nd quarter. Texas Permanent School Fund now owns 68,723 shares of the business services provider’s stock valued at $1,634,000 after purchasing an additional 332 shares during the last quarter. Northwestern Mutual Investment Management Company LLC raised its stake in Convergys Corporation by 2.4% in the 2nd quarter. Northwestern Mutual Investment Management Company LLC now owns 16,664 shares of the business services provider’s stock valued at $417,000 after purchasing an additional 385 shares during the last quarter. Finally, State Treasurer State of Michigan increased its stake in shares of Convergys Corporation by 1.0% during the 2nd quarter. State Treasurer State of Michigan now owns 38,800 shares of the business services provider’s stock valued at $923,000 after acquiring an additional 400 shares during the last quarter. 94.06% of the stock is owned by hedge funds and other institutional investors.

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Convergys Corporation Company Profile

Convergys Corporation is engaged in customer experience outsourcing. The Company’s geographical segments include North America and Rest of World. The Company offers services across industries, including communications and media, technology, financial services, retail, government and healthcare. The Company helps businesses to create customer experiences across multiple interaction channels, such as voice, chat, e-mail and interactive voice response.

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Earnings History and Estimates for Convergys Corporation (NYSE:CVG)

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