Media stories about Convergys (NYSE:CVG) have trended somewhat positive on Saturday, according to Accern Sentiment Analysis. Accern identifies positive and negative news coverage by analyzing more than 20 million blog and news sources in real-time. Accern ranks coverage of public companies on a scale of negative one to one, with scores closest to one being the most favorable. Convergys earned a news sentiment score of 0.18 on Accern’s scale. Accern also gave media headlines about the business services provider an impact score of 45.4671596353339 out of 100, indicating that recent news coverage is somewhat unlikely to have an impact on the stock’s share price in the near term.
Several brokerages recently commented on CVG. Zacks Investment Research upgraded shares of Convergys from a “sell” rating to a “hold” rating in a report on Monday, January 15th. ValuEngine downgraded shares of Convergys from a “buy” rating to a “hold” rating in a report on Sunday, December 31st. Citigroup dropped their target price on shares of Convergys from $25.00 to $24.00 and set a “neutral” rating on the stock in a report on Friday, November 10th. Barrington Research began coverage on shares of Convergys in a report on Tuesday, October 17th. They issued a “market perform” rating on the stock. Finally, SunTrust Banks reiterated a “hold” rating and issued a $26.00 target price on shares of Convergys in a report on Monday, October 9th. Seven research analysts have rated the stock with a hold rating and one has given a buy rating to the company. Convergys currently has an average rating of “Hold” and an average price target of $26.00.
Convergys (NYSE CVG) opened at $22.48 on Friday. The company has a market cap of $2,083.90, a price-to-earnings ratio of 17.29, a P/E/G ratio of 1.36 and a beta of 1.08. Convergys has a twelve month low of $20.15 and a twelve month high of $26.66. The company has a quick ratio of 2.60, a current ratio of 2.60 and a debt-to-equity ratio of 0.25.
Convergys (NYSE:CVG) last announced its earnings results on Tuesday, November 7th. The business services provider reported $0.42 EPS for the quarter, missing the consensus estimate of $0.44 by ($0.02). The firm had revenue of $688.30 million during the quarter, compared to the consensus estimate of $692.34 million. Convergys had a return on equity of 13.92% and a net margin of 4.54%. The business’s revenue was down 7.1% compared to the same quarter last year. During the same quarter last year, the business earned $0.46 EPS. analysts expect that Convergys will post 1.85 earnings per share for the current fiscal year.
The company also recently announced a quarterly dividend, which was paid on Friday, January 5th. Investors of record on Friday, December 22nd were issued a $0.10 dividend. The ex-dividend date of this dividend was Thursday, December 21st. This represents a $0.40 annualized dividend and a yield of 1.78%. Convergys’s dividend payout ratio (DPR) is presently 30.77%.
In other news, CEO Andrea J. Ayers sold 30,000 shares of the business’s stock in a transaction dated Tuesday, December 5th. The shares were sold at an average price of $24.15, for a total transaction of $724,500.00. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, Director Jeffrey H. Fox sold 25,000 shares of the business’s stock in a transaction dated Thursday, November 16th. The stock was sold at an average price of $23.77, for a total transaction of $594,250.00. The disclosure for this sale can be found here. Insiders own 1.70% of the company’s stock.
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Convergys Company Profile
Convergys Corporation is engaged in customer experience outsourcing. The Company’s geographical segments include North America and Rest of World. The Company offers services across industries, including communications and media, technology, financial services, retail, government and healthcare. The Company helps businesses to create customer experiences across multiple interaction channels, such as voice, chat, e-mail and interactive voice response.
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