Sidoti Csr Brokers Decrease Earnings Estimates for Conduent

Conduent Inc. (NASDAQ:CNDT) – Equities researchers at Sidoti Csr lowered their FY2025 earnings per share estimates for Conduent in a research report issued on Monday, November 10th. Sidoti Csr analyst M. Riddick now forecasts that the company will earn ($0.40) per share for the year, down from their prior estimate of ($0.29). The consensus estimate for Conduent’s current full-year earnings is ($0.34) per share. Sidoti Csr also issued estimates for Conduent’s Q4 2025 earnings at ($0.02) EPS.

A number of other research analysts also recently issued reports on the stock. Weiss Ratings reaffirmed a “sell (d)” rating on shares of Conduent in a research report on Wednesday, October 8th. Singular Research raised shares of Conduent to a “strong-buy” rating in a research note on Tuesday, August 19th. Finally, Wall Street Zen upgraded Conduent from a “sell” rating to a “hold” rating in a research report on Saturday, August 23rd. One research analyst has rated the stock with a Strong Buy rating and one has given a Sell rating to the stock. Based on data from MarketBeat, the company has a consensus rating of “Moderate Buy”.

Conduent Trading Up 6.0%

Shares of Conduent stock traded up $0.12 during trading on Thursday, hitting $2.03. The stock had a trading volume of 403,190 shares, compared to its average volume of 1,132,551. The company has a debt-to-equity ratio of 0.97, a current ratio of 1.64 and a quick ratio of 1.65. The stock has a market cap of $309.60 million, a PE ratio of -2.07 and a beta of 1.39. The firm’s fifty day simple moving average is $2.58 and its 200-day simple moving average is $2.55. Conduent has a 12 month low of $1.72 and a 12 month high of $4.90.

Conduent (NASDAQ:CNDT) last announced its quarterly earnings data on Friday, November 7th. The company reported ($0.09) EPS for the quarter, missing the consensus estimate of ($0.07) by ($0.02). Conduent had a negative net margin of 4.85% and a negative return on equity of 8.74%. The firm had revenue of $767.00 million for the quarter, compared to the consensus estimate of $792.00 million. During the same quarter in the previous year, the business earned ($0.14) earnings per share. The firm’s revenue for the quarter was down 1.8% on a year-over-year basis. Conduent has set its FY 2025 guidance at EPS.

Hedge Funds Weigh In On Conduent

A number of institutional investors and hedge funds have recently modified their holdings of the stock. Charles Schwab Investment Management Inc. boosted its holdings in Conduent by 12.0% in the 1st quarter. Charles Schwab Investment Management Inc. now owns 2,199,536 shares of the company’s stock worth $5,939,000 after buying an additional 235,179 shares during the last quarter. Graham Capital Management L.P. grew its holdings in shares of Conduent by 66.0% in the first quarter. Graham Capital Management L.P. now owns 232,970 shares of the company’s stock valued at $629,000 after purchasing an additional 92,663 shares in the last quarter. Hsbc Holdings PLC grew its position in shares of Conduent by 65.8% during the first quarter. Hsbc Holdings PLC now owns 259,850 shares of the company’s stock worth $704,000 after buying an additional 103,099 shares in the last quarter. American Century Companies Inc. increased its holdings in shares of Conduent by 32.1% in the 1st quarter. American Century Companies Inc. now owns 3,110,253 shares of the company’s stock valued at $8,398,000 after acquiring an additional 755,953 shares during the last quarter. Finally, Cubist Systematic Strategies LLC acquired a new stake in shares of Conduent during the first quarter worth about $1,117,000. Hedge funds and other institutional investors own 77.28% of the company’s stock.

Conduent Company Profile

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.