Conduent (NASDAQ:CNDT) Issues Quarterly Earnings Results

Conduent (NASDAQ:CNDT) released its quarterly earnings results on Wednesday. The company reported ($0.14) EPS for the quarter, beating analysts’ consensus estimates of ($0.16) by $0.02, Briefing.com reports. The company had revenue of $807.00 million for the quarter, compared to analyst estimates of $817.33 million. Conduent had a net margin of 0.88% and a negative return on equity of 7.81%. The company’s quarterly revenue was down 13.4% compared to the same quarter last year. During the same quarter last year, the firm posted ($0.09) earnings per share. Conduent updated its FY 2024 guidance to EPS.

Conduent Price Performance

Conduent stock traded up $0.05 during trading hours on Friday, hitting $4.13. 170,564 shares of the stock were exchanged, compared to its average volume of 1,095,355. Conduent has a 12 month low of $2.40 and a 12 month high of $4.22. The business’s 50-day moving average is $3.84 and its two-hundred day moving average is $3.63. The company has a debt-to-equity ratio of 1.05, a quick ratio of 1.65 and a current ratio of 1.65. The stock has a market capitalization of $670.71 million, a P/E ratio of 19.43 and a beta of 1.48.

About Conduent

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.