News articles about Convergys (NYSE:CVG) have trended somewhat positive on Wednesday, according to Accern Sentiment. The research group rates the sentiment of news coverage by monitoring more than 20 million news and blog sources in real time. Accern ranks coverage of companies on a scale of negative one to positive one, with scores closest to one being the most favorable. Convergys earned a news impact score of 0.09 on Accern’s scale. Accern also gave press coverage about the business services provider an impact score of 46.5603894237977 out of 100, indicating that recent news coverage is somewhat unlikely to have an impact on the company’s share price in the near term.
Shares of Convergys (CVG) traded down $0.47 during mid-day trading on Wednesday, hitting $23.12. The stock had a trading volume of 542,628 shares, compared to its average volume of 506,064. Convergys has a one year low of $20.15 and a one year high of $26.66. The firm has a market capitalization of $2,171.69, a price-to-earnings ratio of 17.78, a PEG ratio of 1.42 and a beta of 1.08. The company has a current ratio of 2.60, a quick ratio of 2.60 and a debt-to-equity ratio of 0.25.
Convergys (NYSE:CVG) last issued its quarterly earnings results on Tuesday, November 7th. The business services provider reported $0.42 EPS for the quarter, missing analysts’ consensus estimates of $0.44 by ($0.02). Convergys had a return on equity of 13.92% and a net margin of 4.54%. The business had revenue of $688.30 million for the quarter, compared to analyst estimates of $692.34 million. During the same quarter last year, the firm earned $0.46 earnings per share. The firm’s quarterly revenue was down 7.1% compared to the same quarter last year. equities analysts expect that Convergys will post 1.85 EPS for the current fiscal year.
The firm also recently declared a quarterly dividend, which will be paid on Friday, January 5th. Stockholders of record on Friday, December 22nd will be issued a dividend of $0.10 per share. The ex-dividend date is Thursday, December 21st. This represents a $0.40 dividend on an annualized basis and a dividend yield of 1.73%. Convergys’s dividend payout ratio (DPR) is presently 30.77%.
Several brokerages have recently issued reports on CVG. Robert W. Baird reiterated a “hold” rating on shares of Convergys in a report on Sunday, September 17th. Barrington Research assumed coverage on Convergys in a report on Tuesday, October 17th. They issued a “market perform” rating for the company. ValuEngine lowered Convergys from a “buy” rating to a “hold” rating in a report on Sunday. Citigroup reduced their target price on Convergys from $25.00 to $24.00 and set a “neutral” rating for the company in a report on Friday, November 10th. Finally, Zacks Investment Research lowered Convergys from a “hold” rating to a “sell” rating in a report on Friday, November 10th. One equities research analyst has rated the stock with a sell rating, six have given a hold rating and one has issued a buy rating to the company’s stock. The stock currently has a consensus rating of “Hold” and a consensus price target of $26.00.
In other news, CEO Andrea J. Ayers sold 30,000 shares of the business’s stock in a transaction that occurred on Tuesday, December 5th. The stock was sold at an average price of $24.15, for a total transaction of $724,500.00. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, Director Jeffrey H. Fox sold 25,000 shares of the business’s stock in a transaction that occurred on Thursday, November 16th. The shares were sold at an average price of $23.77, for a total value of $594,250.00. The disclosure for this sale can be found here. Insiders own 1.70% of the company’s stock.
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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