Sidoti Csr Weighs in on Conduent Incorporated’s Q2 2024 Earnings (NASDAQ:CNDT)

Conduent Incorporated (NASDAQ:CNDTFree Report) – Equities research analysts at Sidoti Csr issued their Q2 2024 EPS estimates for Conduent in a research report issued to clients and investors on Thursday, May 30th. Sidoti Csr analyst M. Riddick expects that the company will earn ($0.26) per share for the quarter. The consensus estimate for Conduent’s current full-year earnings is ($0.66) per share. Sidoti Csr also issued estimates for Conduent’s Q3 2024 earnings at ($0.18) EPS, Q4 2024 earnings at ($0.13) EPS, FY2024 earnings at ($0.66) EPS, Q1 2025 earnings at ($0.12) EPS, Q2 2025 earnings at ($0.14) EPS, Q3 2025 earnings at ($0.06) EPS, Q4 2025 earnings at $0.03 EPS and FY2025 earnings at ($0.29) EPS.

Several other brokerages also recently weighed in on CNDT. StockNews.com downgraded shares of Conduent from a “buy” rating to a “hold” rating in a research note on Tuesday, May 28th. Noble Financial started coverage on shares of Conduent in a research report on Thursday, March 14th. They issued an “outperform” rating and a $9.00 price objective for the company.

View Our Latest Stock Analysis on Conduent

Conduent Price Performance

Shares of CNDT opened at $3.50 on Monday. Conduent has a fifty-two week low of $2.40 and a fifty-two week high of $4.08. The company has a market capitalization of $716.03 million, a price-to-earnings ratio of -3.89 and a beta of 1.60. The firm has a 50-day simple moving average of $3.42 and a 200-day simple moving average of $3.42. The company has a debt-to-equity ratio of 1.54, a quick ratio of 1.87 and a current ratio of 1.87.

Conduent (NASDAQ:CNDTGet Free Report) last announced its earnings results on Wednesday, May 1st. The company reported ($0.09) earnings per share for the quarter, topping the consensus estimate of ($0.15) by $0.06. Conduent had a negative net margin of 5.13% and a negative return on equity of 2.50%. The business had revenue of $921.00 million during the quarter, compared to the consensus estimate of $896.00 million.

Institutional Investors Weigh In On Conduent

A number of hedge funds have recently added to or reduced their stakes in the company. Vanguard Group Inc. increased its holdings in Conduent by 0.3% in the third quarter. Vanguard Group Inc. now owns 17,422,018 shares of the company’s stock valued at $60,629,000 after buying an additional 48,742 shares in the last quarter. Charles Schwab Investment Management Inc. increased its holdings in Conduent by 4.4% in the fourth quarter. Charles Schwab Investment Management Inc. now owns 3,979,612 shares of the company’s stock valued at $14,526,000 after buying an additional 165,969 shares in the last quarter. AMH Equity Ltd increased its holdings in Conduent by 7.4% in the fourth quarter. AMH Equity Ltd now owns 1,600,000 shares of the company’s stock valued at $5,840,000 after buying an additional 110,000 shares in the last quarter. Allianz Asset Management GmbH increased its holdings in Conduent by 14.8% in the fourth quarter. Allianz Asset Management GmbH now owns 1,143,039 shares of the company’s stock valued at $4,172,000 after buying an additional 147,244 shares in the last quarter. Finally, Redwood Investment Management LLC increased its holdings in Conduent by 9.9% in the first quarter. Redwood Investment Management LLC now owns 955,116 shares of the company’s stock valued at $3,228,000 after buying an additional 85,843 shares in the last quarter. Institutional investors and hedge funds own 77.28% of the company’s stock.

About Conduent

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Conduent Incorporated provides digital business solutions and services for the commercial, government, and transportation spectrum in the United States, Europe, and internationally. It operates through three segments: Commercial, Government Services, and Transportation. The Commercial segment offers business process services and customized solutions to clients in various industries; and customer experience management, business operations, healthcare claims and administration, and human capital solutions.

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Earnings History and Estimates for Conduent (NASDAQ:CNDT)

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