$183.02 Million in Sales Expected for Cision Ltd (CISN) This Quarter

Brokerages predict that Cision Ltd (NYSE:CISN) will announce sales of $183.02 million for the current quarter, according to Zacks. Five analysts have made estimates for Cision’s earnings. The lowest sales estimate is $182.00 million and the highest is $184.17 million. Cision posted sales of $169.00 million during the same quarter last year, which would indicate a positive year-over-year growth rate of 8.3%. The company is expected to issue its next quarterly earnings report on Thursday, March 14th.

On average, analysts expect that Cision will report full year sales of $727.03 million for the current financial year, with estimates ranging from $726.00 million to $728.18 million. For the next financial year, analysts expect that the company will post sales of $761.78 million, with estimates ranging from $747.00 million to $779.80 million. Zacks Investment Research’s sales averages are a mean average based on a survey of analysts that cover Cision.

Cision (NYSE:CISN) last issued its quarterly earnings data on Wednesday, November 7th. The company reported $0.19 earnings per share (EPS) for the quarter, meeting analysts’ consensus estimates of $0.19. Cision had a negative net margin of 6.65% and a positive return on equity of 31.58%. The firm had revenue of $177.20 million during the quarter, compared to the consensus estimate of $176.92 million. The business’s revenue was up 10.9% on a year-over-year basis.



CISN has been the topic of a number of analyst reports. Deutsche Bank cut shares of Cision from a “buy” rating to a “hold” rating and lifted their target price for the company from $16.00 to $18.00 in a research note on Monday, October 8th. Goldman Sachs Group initiated coverage on shares of Cision in a research note on Thursday, January 3rd. They set a “neutral” rating and a $12.00 target price on the stock. Zacks Investment Research cut shares of Cision from a “hold” rating to a “sell” rating in a research note on Monday, October 15th. Finally, ValuEngine cut shares of Cision from a “buy” rating to a “hold” rating in a research note on Tuesday, November 6th. One research analyst has rated the stock with a sell rating, four have issued a hold rating and eight have given a buy rating to the company. Cision currently has a consensus rating of “Buy” and an average price target of $17.73.

Hedge funds have recently made changes to their positions in the business. BlackRock Inc. lifted its stake in Cision by 338.3% in the 2nd quarter. BlackRock Inc. now owns 2,639,295 shares of the company’s stock worth $39,457,000 after purchasing an additional 2,037,189 shares in the last quarter. American International Group Inc. lifted its stake in Cision by 40.1% in the 3rd quarter. American International Group Inc. now owns 35,745 shares of the company’s stock worth $601,000 after purchasing an additional 10,238 shares in the last quarter. Bank of New York Mellon Corp increased its holdings in shares of Cision by 188.8% in the 2nd quarter. Bank of New York Mellon Corp now owns 141,037 shares of the company’s stock worth $2,108,000 after buying an additional 92,202 shares during the last quarter. Tower Research Capital LLC TRC bought a new stake in shares of Cision in the 3rd quarter worth about $249,000. Finally, Raymond James & Associates bought a new stake in shares of Cision in the 2nd quarter worth about $2,692,000. Institutional investors and hedge funds own 52.75% of the company’s stock.

Shares of CISN stock traded down $0.15 during mid-day trading on Friday, reaching $12.19. 246,000 shares of the company’s stock traded hands, compared to its average volume of 416,240. Cision has a 12 month low of $10.86 and a 12 month high of $18.28. The company has a debt-to-equity ratio of 3.95, a current ratio of 0.82 and a quick ratio of 0.82. The company has a market cap of $1.67 billion, a price-to-earnings ratio of 21.39 and a beta of 0.57.

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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