Cision (CISN) Updates Q2 Earnings Guidance

Cision (NYSE:CISN) issued an update on its second quarter earnings guidance on Thursday morning. The company provided earnings per share guidance of $0.20-0.21 for the period, compared to the Thomson Reuters consensus earnings per share estimate of $0.22. The company issued revenue guidance of $190-192 million, compared to the consensus revenue estimate of $198.20 million.Cision also updated its FY19 guidance to $0.82-0.85 EPS.

CISN traded up $0.29 during trading on Tuesday, reaching $11.39. The company’s stock had a trading volume of 21,988 shares, compared to its average volume of 571,644. Cision has a 52-week low of $10.86 and a 52-week high of $18.28. The firm has a market capitalization of $1.72 billion, a PE ratio of 13.72 and a beta of 0.51. The company has a current ratio of 0.89, a quick ratio of 0.89 and a debt-to-equity ratio of 4.18.

Cision (NYSE:CISN) last announced its quarterly earnings data on Thursday, May 9th. The company reported $0.19 earnings per share for the quarter, meeting the Zacks’ consensus estimate of $0.19. Cision had a positive return on equity of 36.56% and a negative net margin of 1.68%. The company had revenue of $185.80 million for the quarter, compared to analyst estimates of $188.40 million. During the same quarter in the previous year, the company earned $0.19 EPS. The firm’s revenue for the quarter was up 3.6% compared to the same quarter last year. On average, sell-side analysts predict that Cision will post 0.8 EPS for the current year.

CISN has been the topic of a number of analyst reports. Zacks Investment Research raised Cision from a sell rating to a hold rating in a report on Thursday, January 24th. ValuEngine raised Cision from a hold rating to a buy rating in a report on Wednesday, March 20th. Five research analysts have rated the stock with a hold rating and seven have issued a buy rating to the stock. Cision currently has a consensus rating of Buy and an average target price of $18.44.

In other news, insider Rainer Mathes sold 15,000 shares of the business’s stock in a transaction that occurred on Tuesday, April 30th. The stock was sold at an average price of $12.12, for a total transaction of $181,800.00. Following the sale, the insider now owns 1,712,769 shares of the company’s stock, valued at approximately $20,758,760.28. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. 6.70% of the stock is owned by insiders.

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Cision Company Profile

Cision Ltd. provides public relations (PR) software, media distribution, media intelligence, and related professional services to businesses worldwide. The company enables public relations and communications professionals to manage, execute, and measure their strategic PR and communications programs.

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