Cision (NYSE:CISN) issued an update on its FY19 earnings guidance on Thursday morning. The company provided EPS guidance of $0.80-0.82 for the period, compared to the Thomson Reuters consensus EPS estimate of $0.83. The company issued revenue guidance of $766-773 million, compared to the consensus revenue estimate of $776.98 million.Cision also updated its FY 2019 guidance to $0.80-0.82 EPS.
NYSE CISN opened at $6.65 on Friday. The company has a current ratio of 0.77, a quick ratio of 0.77 and a debt-to-equity ratio of 2.72. The business’s fifty day moving average price is $10.70. The company has a market cap of $986.53 million, a P/E ratio of 8.01 and a beta of 0.62. Cision has a 1 year low of $6.65 and a 1 year high of $18.28.
Cision (NYSE:CISN) last released its earnings results on Thursday, August 8th. The company reported $0.19 EPS for the quarter, meeting the Thomson Reuters’ consensus estimate of $0.19. The firm had revenue of $190.50 million during the quarter, compared to analysts’ expectations of $191.44 million. Cision had a negative net margin of 1.68% and a positive return on equity of 31.61%. The business’s quarterly revenue was up 1.6% compared to the same quarter last year. During the same period in the prior year, the company earned $0.23 EPS. As a group, sell-side analysts anticipate that Cision will post 0.79 earnings per share for the current fiscal year.
Several equities analysts recently commented on CISN shares. Zacks Investment Research upgraded shares of Cision from a sell rating to a hold rating in a research note on Monday, July 15th. BMO Capital Markets cut their target price on shares of Cision from $17.00 to $14.00 and set an outperform rating for the company in a research note on Friday. Four investment analysts have rated the stock with a hold rating and two have given a buy rating to the company. Cision has a consensus rating of Hold and a consensus price target of $14.67.
In related news, insider Rainer Mathes sold 28,000 shares of the company’s stock in a transaction on Thursday, June 20th. The shares were sold at an average price of $11.47, for a total transaction of $321,160.00. Following the completion of the transaction, the insider now directly owns 1,680,949 shares in the company, valued at approximately $19,280,485.03. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. Over the last quarter, insiders have sold 94,301 shares of company stock valued at $1,033,205. Corporate insiders own 6.70% of the company’s stock.
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.
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