Cision Ltd (CISN) Expected to Announce Quarterly Sales of $178.20 Million

Wall Street analysts expect that Cision Ltd (NYSE:CISN) will post sales of $178.20 million for the current quarter, Zacks Investment Research reports. Five analysts have made estimates for Cision’s earnings, with estimates ranging from $174.42 million to $182.79 million. Cision posted sales of $159.73 million in the same quarter last year, which suggests a positive year-over-year growth rate of 11.6%. The business is expected to announce its next earnings results on Wednesday, November 14th.

According to Zacks, analysts expect that Cision will report full year sales of $728.11 million for the current financial year, with estimates ranging from $726.54 million to $729.17 million. For the next financial year, analysts forecast that the company will post sales of $759.56 million per share, with estimates ranging from $751.00 million to $764.85 million. Zacks’ sales averages are an average based on a survey of research firms that follow Cision.

Cision (NYSE:CISN) last issued its earnings results on Wednesday, August 8th. The company reported $0.23 earnings per share for the quarter, topping the consensus estimate of $0.22 by $0.01. The business had revenue of $187.50 million for the quarter, compared to analyst estimates of $182.67 million. Cision had a positive return on equity of 8.79% and a negative net margin of 12.62%. The business’s quarterly revenue was up 19.2% on a year-over-year basis. During the same period last year, the company posted $0.14 EPS.

Several research analysts have commented on the company. Cowen assumed coverage on Cision in a research report on Friday, June 29th. They issued an “outperform” rating and a $19.00 price objective on the stock. Zacks Investment Research raised Cision from a “strong sell” rating to a “hold” rating in a research report on Tuesday, July 10th. SunTrust Banks assumed coverage on Cision in a research report on Tuesday, June 19th. They issued a “buy” rating and a $20.00 price objective on the stock. Citigroup assumed coverage on Cision in a research report on Thursday, August 2nd. They issued a “buy” rating and a $21.00 price objective on the stock. Finally, William Blair assumed coverage on Cision in a research report on Wednesday, August 15th. They issued an “outperform” rating on the stock. Two analysts have rated the stock with a hold rating and eleven have given a buy rating to the company. The company has an average rating of “Buy” and a consensus target price of $18.10.

Shares of CISN traded up $0.06 during trading hours on Wednesday, hitting $15.98. The stock had a trading volume of 1,185,579 shares, compared to its average volume of 314,783. The company has a current ratio of 0.81, a quick ratio of 0.81 and a debt-to-equity ratio of 3.90. The firm has a market capitalization of $2.15 billion, a P/E ratio of 28.04 and a beta of 0.15. Cision has a 12-month low of $11.13 and a 12-month high of $18.28.

In other news, Director L. Dyson Dryden sold 244,755 shares of the firm’s stock in a transaction dated Tuesday, June 19th. The stock was sold at an average price of $14.45, for a total transaction of $3,536,709.75. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, Director Mark Ein sold 110,140 shares of the firm’s stock in a transaction dated Tuesday, July 10th. The shares were sold at an average price of $14.45, for a total value of $1,591,523.00. The disclosure for this sale can be found here. Company insiders own 6.70% of the company’s stock.

Several institutional investors have recently made changes to their positions in CISN. BlackRock Inc. grew its stake in Cision by 197.1% in the first quarter. BlackRock Inc. now owns 602,106 shares of the company’s stock worth $6,966,000 after purchasing an additional 399,417 shares in the last quarter. Citadel Advisors LLC acquired a new position in Cision in the first quarter worth about $6,890,000. Millennium Management LLC grew its stake in Cision by 402.5% in the first quarter. Millennium Management LLC now owns 609,366 shares of the company’s stock worth $7,050,000 after purchasing an additional 488,098 shares in the last quarter. First Pacific Advisors LLC acquired a new position in Cision in the first quarter worth about $7,009,000. Finally, New York State Common Retirement Fund acquired a new position in Cision in the first quarter worth about $3,109,000. Institutional investors own 42.88% of the company’s stock.

Cision Company Profile

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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