Consensus Cloud Solutions (NASDAQ:CCSI) Releases FY 2024 Earnings Guidance

Consensus Cloud Solutions (NASDAQ:CCSI) updated its FY 2024 earnings guidance on Friday. The company provided earnings per share guidance of 5.450-5.550 for the period, compared to the consensus earnings per share estimate of 5.300. The company issued revenue guidance of $338.0 million-$353.0 million, compared to the consensus revenue estimate of $343.9 million.

Consensus Cloud Solutions Stock Performance

Shares of CCSI opened at $20.17 on Friday. The company’s 50-day simple moving average is $18.68 and its 200-day simple moving average is $17.11. Consensus Cloud Solutions has a 1 year low of $11.62 and a 1 year high of $33.39. The stock has a market capitalization of $387.67 million, a PE ratio of 4.45 and a beta of 1.35.

Analyst Ratings Changes

Several equities analysts have commented on the stock. Oppenheimer boosted their price target on shares of Consensus Cloud Solutions from $20.00 to $23.00 and gave the stock an outperform rating in a research note on Friday, August 9th. Wedbush restated an outperform rating and set a $24.00 price target on shares of Consensus Cloud Solutions in a report on Friday, May 10th.

Consensus Cloud Solutions Company Profile

Consensus Cloud Solutions, Inc, together with its subsidiaries, provides information delivery services with a software-as-a-service platform worldwide. The company offers eFax Corporate, a digital cloud-fax technology; Unite, a single platform that allows the user to choose between various protocols to send and receive healthcare information and can integrate into an existing electronic health record system or stand-alone if no EHR is present.