Wall Street brokerages expect Cision Ltd (NYSE:CISN) to announce $0.22 earnings per share for the current quarter, according to Zacks. Four analysts have provided estimates for Cision’s earnings, with the lowest EPS estimate coming in at $0.20 and the highest estimate coming in at $0.24. Cision posted earnings of $0.15 per share during the same quarter last year, which suggests a positive year over year growth rate of 46.7%. The firm is scheduled to announce its next quarterly earnings report on Wednesday, November 14th.
On average, analysts expect that Cision will report full year earnings of $0.86 per share for the current year, with EPS estimates ranging from $0.85 to $0.87. For the next financial year, analysts expect that the firm will report earnings of $0.99 per share, with EPS estimates ranging from $0.92 to $1.02. Zacks Investment Research’s earnings per share calculations are a mean average based on a survey of research firms that follow Cision.
Cision (NYSE:CISN) last released its earnings results on Wednesday, August 8th. The company reported $0.23 earnings per share for the quarter, topping analysts’ consensus estimates of $0.22 by $0.01. Cision had a positive return on equity of 8.79% and a negative net margin of 12.62%. The business had revenue of $187.50 million for the quarter, compared to the consensus estimate of $182.67 million. During the same period last year, the business earned $0.14 earnings per share. The firm’s revenue for the quarter was up 19.2% compared to the same quarter last year.
CISN stock traded down $0.12 during trading on Tuesday, reaching $16.26. 376,800 shares of the stock were exchanged, compared to its average volume of 501,678. Cision has a twelve month low of $11.05 and a twelve month high of $17.07. The company has a market cap of $2.08 billion, a PE ratio of 28.53 and a beta of -0.05. The company has a quick ratio of 0.81, a current ratio of 0.81 and a debt-to-equity ratio of 3.90.
In other Cision news, Director Mark Ein sold 110,140 shares of Cision stock in a transaction that occurred on Tuesday, July 10th. The stock was sold at an average price of $14.45, for a total transaction of $1,591,523.00. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Also, Director L. Dyson Dryden sold 244,755 shares of Cision stock in a transaction that occurred on Tuesday, June 19th. The shares were sold at an average price of $14.45, for a total value of $3,536,709.75. The disclosure for this sale can be found here. 6.70% of the stock is currently owned by insiders.
A number of hedge funds and other institutional investors have recently added to or reduced their stakes in CISN. Bank of New York Mellon Corp boosted its holdings in Cision by 93.2% during the fourth quarter. Bank of New York Mellon Corp now owns 43,881 shares of the company’s stock valued at $521,000 after purchasing an additional 21,170 shares in the last quarter. BlackRock Inc. boosted its holdings in shares of Cision by 56.4% in the 4th quarter. BlackRock Inc. now owns 202,689 shares of the company’s stock worth $2,405,000 after acquiring an additional 73,096 shares in the last quarter. Renaissance Technologies LLC boosted its holdings in shares of Cision by 39.8% in the 4th quarter. Renaissance Technologies LLC now owns 153,200 shares of the company’s stock worth $1,818,000 after acquiring an additional 43,600 shares in the last quarter. Goldman Sachs Group Inc. acquired a new position in shares of Cision in the 4th quarter worth approximately $237,000. Finally, Millennium Management LLC acquired a new position in shares of Cision in the 4th quarter worth approximately $1,439,000. 31.71% of the stock is currently owned by institutional investors.
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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