NYSE:CVG - Convergys Stock Price, News, & Analysis

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$24.55 +0.03 (+0.12 %)
(As of 08/21/2018 01:44 AM ET)
Previous Close$24.52
Today's Range$24.51 - $24.64
52-Week Range$21.13 - $26.72
Volume491,100 shs
Average Volume1.05 million shs
Market Capitalization$2.22 billion
P/E Ratio13.13
Dividend Yield1.79%
Beta0.9
Convergys logoConvergys Corporation provides customer management services to communications and media, technology, financial services, retail, healthcare, government, travel and hospitality, and other vertical markets worldwide. The company offers solutions across the customer lifecycle, including sales, customer service, technical support, customer retention, and collection, as well as security, compliance, and fraud solutions; and solutions in contact center technology comprising omni-channel interaction, cross-channel integration framework, real-time decisioning engine, robotic process automation, intelligent notification, campaign management, personalized care, personalized selling, agent productivity, and retention solutions. It also provides analytics and consulting, and software solutions, such as enterprise feedback management, integrated customer experience analytics, post-contact surveys, relational loyalty research, customer segmentation and profiling, call elimination analysis, analysis of customer effort, digital channel optimization, and integrated contact center analytics solutions, as well as voice of customer software. The company operates through 140 contact centers. Convergys Corporation was founded in 1998 and is headquartered in Cincinnati, Ohio.

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Industry, Sector and Symbol

Stock Exchange NYSE
Industry Computer integrated systems design
Sub-IndustryData Processing & Outsourced Services
SectorBusiness Services
SymbolNYSE:CVG
CUSIP21248510
Phone513-723-7000

Debt

Debt-to-Equity Ratio0.13
Current Ratio2.22
Quick Ratio2.22

Price-To-Earnings

Trailing P/E Ratio13.13
Forward P/E Ratio14.53
P/E Growth1.6

Sales & Book Value

Annual Sales$2.79 billion
Price / Sales0.80
Cash Flow$3.5021 per share
Price / Cash7.01
Book Value$14.91 per share
Price / Book1.65

Profitability

EPS (Most Recent Fiscal Year)$1.87
Net Income$121.40 million
Net Margins3.24%
Return on Equity12.03%
Return on Assets7.02%

Miscellaneous

Employees115,000
Outstanding Shares91,080,000
Market Cap$2.22 billion

Convergys (NYSE:CVG) Frequently Asked Questions

What is Convergys' stock symbol?

Convergys trades on the New York Stock Exchange (NYSE) under the ticker symbol "CVG."

How often does Convergys pay dividends? What is the dividend yield for Convergys?

Convergys announced a quarterly dividend on Tuesday, May 8th. Stockholders of record on Friday, June 22nd will be given a dividend of $0.11 per share on Friday, July 6th. This represents a $0.44 annualized dividend and a dividend yield of 1.79%. The ex-dividend date of this dividend is Thursday, June 21st. This is an increase from Convergys's previous quarterly dividend of $0.10. View Convergys' Dividend History.

How were Convergys' earnings last quarter?

Convergys Corp (NYSE:CVG) announced its earnings results on Tuesday, August, 7th. The business services provider reported $0.36 EPS for the quarter, beating the consensus estimate of $0.36 by $0.00. The business services provider had revenue of $649.40 million for the quarter, compared to analysts' expectations of $634.83 million. Convergys had a net margin of 3.24% and a return on equity of 12.03%. View Convergys' Earnings History.

When is Convergys' next earnings date?

Convergys is scheduled to release their next quarterly earnings announcement on Tuesday, November, 6th 2018. View Earnings Estimates for Convergys.

What price target have analysts set for CVG?

4 equities research analysts have issued 1 year target prices for Convergys' stock. Their predictions range from $26.00 to $28.00. On average, they anticipate Convergys' share price to reach $26.8333 in the next year. This suggests a possible upside of 9.3% from the stock's current price. View Analyst Price Targets for Convergys.

What is the consensus analysts' recommendation for Convergys?

4 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Convergys in the last year. There are currently 4 hold ratings for the stock, resulting in a consensus recommendation of "Hold." View Analyst Ratings for Convergys.

What are Wall Street analysts saying about Convergys stock?

Here are some recent quotes from research analysts about Convergys stock:
  • 1. According to Zacks Investment Research, "Convergys Corporation is a global leader in relationship management. Convergys unique combination of domain expertise, operational excellence, and innovative technologies has delivered process improvement and actionable business insight to clients. Convergys Corporation delivers consistent, quality customer experiences in 58 languages and from more than 150 locations around the globe. Convergys partner with clients to improve customer loyalty, reduce costs, and generate revenue through an extensive portfolio of capabilities, including customer care, analytics, tech support, collections, home agent, and end-to-end selling. Convergys are committed to delighting clients and their customers, delivering value to shareholders, and creating opportunities for talented, caring employees in 33 countries around the world. " (8/17/2018)
  • 2. Barrington Research analysts commented, "We believe the timing of the sale is poor given the meaningful weakness in the company’s communications vertical, especially with its largest client, over the past few years. Since the deal’s announcement, the shares of both SNX and CVG have traded lower, which we believe reflects investor concerns over the high risk associated with predicting Convergys’ future revenue streams. Further, we believe the price action may reflect a lack of confidence in the expected cost synergies of $150 million as the benefits of scale tend to be relatively limited in the contact center business. We would prefer that management diversified its vertical exposure through acquisitions and better organic execution before considering a sale." (6/29/2018)

Who are some of Convergys' key competitors?

Who are Convergys' key executives?

Convergys' management team includes the folowing people:
  • Ms. Andrea J. Ayers, Pres, CEO & Director (Age 54)
  • Mr. Andre S. Valentine, Chief Financial Officer (Age 55)
  • Mr. Jarrod B. Pontius, Chief Admin. Officer, Gen. Counsel & Corp. Sec. (Age 46)
  • Mr. Cormac J. Twomey, Chief Commercial Officer (Age 49)
  • Mr. Taylor C. Greenwald, Sr. VP, Controller & Chief Accounting Officer (Age 50)

Has Convergys been receiving favorable news coverage?

News coverage about CVG stock has been trending somewhat positive recently, according to Accern Sentiment Analysis. The research group identifies negative and positive media coverage by analyzing more than 20 million blog and news sources. Accern ranks coverage of companies on a scale of -1 to 1, with scores closest to one being the most favorable. Convergys earned a media and rumor sentiment score of 0.18 on Accern's scale. They also gave news headlines about the business services provider an impact score of 48.09 out of 100, meaning that recent media coverage is somewhat unlikely to have an effect on the company's share price in the next few days. View Recent Headlines for Convergys.

Who are Convergys' major shareholders?

Convergys' stock is owned by a number of of institutional and retail investors. Top institutional investors include BlackRock Inc. (11.73%), Dimensional Fund Advisors LP (8.39%), LSV Asset Management (5.25%), Fort Washington Investment Advisors Inc. OH (4.76%), Fuller & Thaler Asset Management Inc. (3.73%) and Bank of New York Mellon Corp (2.34%). Company insiders that own Convergys stock include Andre S Valentine, Andrea J Ayers, Jarrod B Pontius, Jeffrey H Fox, Joseph E Gibbs and Taylor C Greenwald. View Institutional Ownership Trends for Convergys.

Which institutional investors are selling Convergys stock?

CVG stock was sold by a variety of institutional investors in the last quarter, including BNP Paribas Arbitrage SA, Fuller & Thaler Asset Management Inc., Bank of Montreal Can, Millennium Management LLC, Fort Washington Investment Advisors Inc. OH, Schroder Investment Management Group, Schwab Charles Investment Management Inc. and American Century Companies Inc.. Company insiders that have sold Convergys company stock in the last year include Andrea J Ayers and Jeffrey H Fox. View Insider Buying and Selling for Convergys.

Which institutional investors are buying Convergys stock?

CVG stock was bought by a variety of institutional investors in the last quarter, including BlackRock Inc., Water Island Capital LLC, MUFG Securities EMEA plc, Wells Fargo & Company MN, First Trust Advisors LP, OTA Financial Group L.P., Ontario Teachers Pension Plan Board and Mackay Shields LLC. View Insider Buying and Selling for Convergys.

How do I buy shares of Convergys?

Shares of CVG can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Scottrade, Fidelity and Charles Schwab.

What is Convergys' stock price today?

One share of CVG stock can currently be purchased for approximately $24.55.

How big of a company is Convergys?

Convergys has a market capitalization of $2.22 billion and generates $2.79 billion in revenue each year. The business services provider earns $121.40 million in net income (profit) each year or $1.87 on an earnings per share basis. Convergys employs 115,000 workers across the globe.

How can I contact Convergys?

Convergys' mailing address is 201 East Fourth Street, Cincinnati OH, 45202. The business services provider can be reached via phone at 513-723-7000 or via email at [email protected]


MarketBeat Community Rating for Convergys (NYSE CVG)

Community Ranking:  2.1 out of 5 (star star)
Outperform Votes:  197 (Vote Outperform)
Underperform Votes:  275 (Vote Underperform)
Total Votes:  472
MarketBeat's community ratings are surveys of what our community members think about Convergys and other stocks. Vote "Outperform" if you believe CVG will outperform the S&P 500 over the long term. Vote "Underperform" if you believe CVG will underperform the S&P 500 over the long term. You may vote once every thirty days.
This page was last updated on 8/21/2018 by MarketBeat.com Staff

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