News articles about Convergys Corporation (NYSE:CVG) have trended negative this week, Accern reports. The research group identifies positive and negative news coverage by analyzing more than twenty million blog and news sources in real time. Accern ranks coverage of companies on a scale of negative one to positive one, with scores nearest to one being the most favorable. Convergys Corporation earned a daily sentiment score of -0.35 on Accern’s scale. Accern also gave press coverage about the business services provider an impact score of 0 out of 100, meaning that recent news coverage is extremely unlikely to have an effect on the company’s share price in the immediate future.
Several research firms recently weighed in on CVG. ValuEngine downgraded shares of Convergys Corporation from a “buy” rating to a “hold” rating in a report on Friday, June 2nd. TheStreet raised shares of Convergys Corporation from a “c+” rating to a “b-” rating in a research report on Tuesday, May 23rd. Zacks Investment Research cut shares of Convergys Corporation from a “hold” rating to a “sell” rating in a research report on Wednesday, May 10th. Finally, Sidoti reissued a “buy” rating on shares of Convergys Corporation in a research report on Monday, March 27th. One equities research analyst has rated the stock with a sell rating, three have assigned a hold rating and one has issued a buy rating to the company’s stock. The stock presently has a consensus rating of “Hold” and a consensus price target of $31.50.
Convergys Corporation (CVG) opened at 24.24 on Monday. Convergys Corporation has a 12 month low of $20.15 and a 12 month high of $30.92. The firm has a 50-day moving average of $23.98 and a 200 day moving average of $23.56. The stock has a market cap of $2.28 billion, a PE ratio of 18.01 and a beta of 1.05.
Convergys Corporation (NYSE:CVG) last released its quarterly earnings data on Monday, May 8th. The business services provider reported $0.52 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.45 by $0.07. Convergys Corporation had a net margin of 4.67% and a return on equity of 14.24%. The company had revenue of $727.60 million during the quarter, compared to analyst estimates of $719.96 million. During the same quarter in the prior year, the business earned $0.50 earnings per share. The business’s quarterly revenue was up .7% compared to the same quarter last year. Analysts anticipate that Convergys Corporation will post $1.85 EPS for the current year.
The firm also recently disclosed a quarterly dividend, which will be paid on Friday, July 7th. Stockholders of record on Friday, June 23rd will be given a $0.10 dividend. The ex-dividend date of this dividend is Wednesday, June 21st. This represents a $0.40 annualized dividend and a dividend yield of 1.65%. This is a positive change from Convergys Corporation’s previous quarterly dividend of $0.09. Convergys Corporation’s dividend payout ratio is presently 30.08%.
In other news, insider Taylor C. Greenwald sold 6,412 shares of the stock in a transaction on Thursday, June 1st. The shares were sold at an average price of $24.24, for a total value of $155,426.88. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director Jeffrey H. Fox sold 10,000 shares of the stock in a transaction on Friday, June 2nd. The stock was sold at an average price of $24.84, for a total transaction of $248,400.00. The disclosure for this sale can be found here. 1.70% of the stock is owned by corporate insiders.
Convergys Corporation 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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