Analysts Expect Cision Ltd (CISN) Will Post Earnings of $0.23 Per Share
Equities analysts expect Cision Ltd (NYSE:CISN) to announce $0.23 earnings per share (EPS) for the current quarter, Zacks Investment Research reports. Four analysts have provided estimates for Cision’s earnings, with the highest EPS estimate coming in at $0.24 and the lowest estimate coming in at $0.22. Cision posted earnings of $0.15 per share during the same quarter last year, which indicates a positive year over year growth rate of 53.3%. The business is expected to announce its next earnings report on Wednesday, November 14th.
According to Zacks, analysts expect that Cision will report full-year earnings of $0.87 per share for the current year, with EPS estimates ranging from $0.85 to $0.89. For the next year, analysts anticipate that the business will report earnings of $1.03 per share, with EPS estimates ranging from $0.95 to $1.18. Zacks Investment Research’s earnings per share averages are a mean average based on a survey of sell-side research analysts that cover Cision.
Cision (NYSE:CISN) last announced its quarterly earnings data on Wednesday, August 8th. The company reported $0.23 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.22 by $0.01. The firm had revenue of $187.50 million during the quarter, compared to analyst estimates of $182.67 million. Cision had a positive return on equity of 3.04% and a negative net margin of 15.10%. Cision’s quarterly revenue was up 19.2% on a year-over-year basis. During the same period in the previous year, the company earned $0.14 earnings per share.
Shares of Cision opened at $15.49 on Tuesday, Marketbeat.com reports. The company has a debt-to-equity ratio of 3.71, a current ratio of 0.87 and a quick ratio of 0.87. Cision has a 52 week low of $10.75 and a 52 week high of $17.07. The company has a market capitalization of $2.06 billion, a price-to-earnings ratio of 121.39 and a beta of -0.05.
In other Cision news, Director L. Dyson Dryden sold 244,755 shares of the company’s stock in a transaction on Tuesday, June 19th. The stock was sold at an average price of $14.45, for a total value of $3,536,709.75. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, Director Mark Ein sold 110,140 shares of the company’s stock in a transaction on Tuesday, July 10th. The shares were sold at an average price of $14.45, for a total value of $1,591,523.00. The disclosure for this sale can be found here. Corporate insiders own 6.70% of the company’s stock.
Several hedge funds and other institutional investors have recently bought and sold shares of CISN. BlackRock Inc. increased its holdings in shares of Cision by 338.3% in the second quarter. BlackRock Inc. now owns 2,639,295 shares of the company’s stock valued at $39,457,000 after buying an additional 2,037,189 shares in the last quarter. Vaughan Nelson Investment Management L.P. bought a new position in shares of Cision in the second quarter valued at $27,017,000. JPMorgan Chase & Co. increased its holdings in shares of Cision by 24.1% in the first quarter. JPMorgan Chase & Co. now owns 5,925,492 shares of the company’s stock valued at $68,558,000 after buying an additional 1,149,712 shares in the last quarter. Spitfire Capital LLC bought a new position in shares of Cision in the first quarter valued at $7,022,000. Finally, First Pacific Advisors LLC bought a new position in shares of Cision in the first quarter valued at $7,009,000. 31.15% of the stock is currently owned by institutional investors.
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.
Further Reading: Earnings Per Share (EPS)
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