Consensus Cloud Solutions (NASDAQ:CCSI) Announces Quarterly Earnings Results, Misses Expectations By $0.10 EPS

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

Consensus Cloud Solutions Trading Down 3.8 %

CCSI stock traded down $1.11 during trading hours on Wednesday, hitting $28.03. 173,613 shares of the stock were exchanged, compared to its average volume of 105,231. Consensus Cloud Solutions has a 12 month low of $11.62 and a 12 month high of $32.10. The firm has a market capitalization of $540.98 million, a P/E ratio of 6.13 and a beta of 1.45. The company has a 50-day simple moving average of $25.79 and a two-hundred day simple moving average of $23.80.

Wall Street Analysts Forecast Growth

A number of research analysts recently weighed in on the company. Wedbush boosted 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. BTIG Research lifted their price objective on shares of Consensus Cloud Solutions from $30.00 to $32.00 and gave the stock a “buy” rating in a research report on Monday, November 11th. Oppenheimer increased their price objective on shares of Consensus Cloud Solutions from $23.00 to $27.00 and gave the company an “outperform” rating in a research report on Friday, November 8th. Finally, Citigroup lifted their target price on shares of Consensus Cloud Solutions from $19.00 to $20.00 and gave the stock a “sell” rating in a report on Friday, January 17th. Two analysts have rated the stock with a sell rating and three have given a buy rating to the company. According to MarketBeat.com, the stock has a consensus rating of “Hold” and a consensus price target of $26.40.

Consensus Cloud Solutions Company Profile

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.