Consensus Cloud Solutions (NASDAQ:CCSI) Releases Earnings Results, Misses Estimates By $0.10 EPS

Consensus Cloud Solutions (NASDAQ:CCSI) released its quarterly earnings results on Wednesday. The company reported $1.09 EPS for the quarter, missing the consensus estimate of $1.19 by ($0.10), Zacks reports. Consensus Cloud Solutions had a net margin of 25.10% and a negative return on equity of 66.28%.

Consensus Cloud Solutions Trading Down 3.8 %

Shares of NASDAQ CCSI traded down $1.11 during mid-day trading on Wednesday, reaching $28.03. 173,592 shares of the company’s stock were exchanged, compared to its average volume of 105,063. The business has a fifty day simple moving average of $25.79 and a 200 day simple moving average of $23.80. Consensus Cloud Solutions has a twelve month low of $11.62 and a twelve month high of $32.10. The firm has a market capitalization of $540.98 million, a price-to-earnings ratio of 6.13 and a beta of 1.45.

Analyst Upgrades and Downgrades

CCSI has been the subject of several analyst reports. Citigroup lifted their price target on shares of Consensus Cloud Solutions from $19.00 to $20.00 and gave the stock a “sell” rating in a research report on Friday, January 17th. Oppenheimer raised their price target on Consensus Cloud Solutions from $23.00 to $27.00 and gave the stock an “outperform” rating in a research report on Friday, November 8th. BTIG Research upped their price objective on Consensus Cloud Solutions from $30.00 to $32.00 and gave the company a “buy” rating in a report on Monday, November 11th. Finally, Wedbush raised their target price on Consensus Cloud Solutions from $24.00 to $32.00 and gave the stock an “outperform” rating in a report on Friday, November 8th. Two investment analysts have rated the stock with a sell rating and three have assigned a buy rating to the company. Based on data from MarketBeat.com, Consensus Cloud Solutions presently has a consensus rating of “Hold” and a consensus price target of $26.40.

About Consensus Cloud Solutions

Consensus Cloud Solutions, Inc, together with its subsidiaries, provides information delivery services with a software-as-a-service platform worldwide. The company offers eFax Corporate, a digital cloud-fax technology; Unite, a single platform that allows the user to choose between various protocols to send and receive healthcare information and can integrate into an existing electronic health record system or stand-alone if no EHR is present.