Consensus Cloud Solutions (NASDAQ:CCSI) Announces Earnings Results

Consensus Cloud Solutions (NASDAQ:CCSI) issued its quarterly earnings results on Wednesday. The company reported $1.09 earnings per share for the quarter, missing the consensus estimate 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 Stock Performance

Consensus Cloud Solutions stock traded down $1.11 during midday 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 stock’s 50-day simple moving average is $25.79 and its 200 day simple moving average is $23.80. The firm has a market cap of $540.98 million, a price-to-earnings ratio of 6.13 and a beta of 1.45. Consensus Cloud Solutions has a 52 week low of $11.62 and a 52 week high of $32.10.

Wall Street Analysts Forecast Growth

Several equities research analysts have issued reports on CCSI shares. Wedbush lifted their price target on shares of Consensus Cloud Solutions from $24.00 to $32.00 and gave the company an “outperform” rating in a research note on Friday, November 8th. Oppenheimer lifted their target price on Consensus Cloud Solutions from $23.00 to $27.00 and gave the company an “outperform” rating in a research report on Friday, November 8th. Citigroup increased their price target on Consensus Cloud Solutions from $19.00 to $20.00 and gave the company a “sell” rating in a research report on Friday, January 17th. Finally, BTIG Research boosted their price target on Consensus Cloud Solutions from $30.00 to $32.00 and gave the stock a “buy” rating in a research report on Monday, November 11th. Two equities research analysts have rated the stock with a sell rating and three have issued a buy rating to the company. According to data from MarketBeat, Consensus Cloud Solutions presently has an average 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.