Equities research analysts expect Convergys Corp (NYSE:CVG) to report sales of $695.78 million for the current fiscal quarter, according to Zacks Investment Research. Four analysts have provided estimates for Convergys’ earnings. The lowest sales estimate is $689.03 million and the highest is $700.20 million. Convergys posted sales of $757.90 million during the same quarter last year, which suggests a negative year over year growth rate of 8.2%. The company is expected to issue its next quarterly earnings report on Wednesday, February 28th.

On average, analysts expect that Convergys will report full-year sales of $695.78 million for the current year, with estimates ranging from $2.79 billion to $2.80 billion. For the next financial year, analysts anticipate that the firm will post sales of $2.72 billion per share, with estimates ranging from $2.67 billion to $2.77 billion. Zacks’ sales calculations are an average based on a survey of sell-side research analysts that follow Convergys.

Convergys (NYSE:CVG) last released its earnings results on Tuesday, November 7th. The business services provider reported $0.42 earnings per share 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 firm had revenue of $688.30 million for the quarter, compared to analyst estimates of $692.34 million. During the same period last year, the business earned $0.46 earnings per share. The firm’s quarterly revenue was down 7.1% compared to the same quarter last year.

A number of equities research analysts recently weighed in on the company. Robert W. Baird reissued a “hold” rating and set a $28.00 target price on shares of Convergys in a research report on Tuesday, October 24th. ValuEngine downgraded Convergys from a “buy” rating to a “hold” rating in a report on Sunday, December 31st. Barrington Research assumed coverage on Convergys in a report on Tuesday, October 17th. They set a “market perform” rating on the stock. Citigroup decreased their price objective on Convergys from $25.00 to $24.00 and set a “neutral” rating on the stock in a report on Friday, November 10th. Finally, SunTrust Banks reaffirmed a “hold” rating and set a $26.00 price objective on shares of Convergys in a report on Monday, October 9th. One equities research analyst has rated the stock with a sell rating, six have issued a hold rating and one has issued a buy rating to the stock. The stock has an average rating of “Hold” and an average target price of $26.00.

In other Convergys news, Director Jeffrey H. Fox sold 25,000 shares of Convergys stock in a transaction that occurred on Thursday, November 16th. The stock was sold at an average price of $23.77, for a total transaction of $594,250.00. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Also, CEO Andrea J. Ayers sold 30,000 shares of Convergys stock in a transaction that occurred on Tuesday, December 5th. The shares were sold at an average price of $24.15, for a total value of $724,500.00. The disclosure for this sale can be found here. 1.70% of the stock is currently owned by insiders.

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Victory Capital Management Inc. raised its stake in shares of Convergys by 17.7% in the second quarter. Victory Capital Management Inc. now owns 7,498 shares of the business services provider’s stock valued at $178,000 after acquiring an additional 1,125 shares during the last quarter. Riverhead Capital Management LLC raised its stake in shares of Convergys by 71.0% in the second quarter. Riverhead Capital Management LLC now owns 7,525 shares of the business services provider’s stock valued at $179,000 after acquiring an additional 3,125 shares during the last quarter. Flinton Capital Management LLC raised its stake in shares of Convergys by 69.1% in the second quarter. Flinton Capital Management LLC now owns 8,428 shares of the business services provider’s stock valued at $200,000 after acquiring an additional 3,444 shares during the last quarter. Teacher Retirement System of Texas bought a new position in shares of Convergys in the third quarter valued at approximately $201,000. Finally, Crossmark Global Holdings Inc. bought a new position in shares of Convergys in the third quarter valued at approximately $222,000. 98.72% of the stock is currently owned by institutional investors.

Convergys (CVG) traded down $0.12 during mid-day trading on Friday, reaching $22.70. The company had a trading volume of 2,257,900 shares, compared to its average volume of 955,675. Convergys has a fifty-two week low of $20.15 and a fifty-two week high of $26.66. The firm has a market capitalization of $2,190.00, a P/E ratio of 17.46, 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.

The business also recently disclosed a quarterly dividend, which was paid on Friday, January 5th. Shareholders of record on Friday, December 22nd were issued a dividend of $0.10 per share. This represents a $0.40 dividend on an annualized basis and a yield of 1.76%. The ex-dividend date of this dividend was Thursday, December 21st. Convergys’s payout ratio is 30.77%.

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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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