Last $20.51 USD
Change Today -0.01 / -0.05%
Volume 273.8K
As of 5:15 PM 12/24/14 All times are local (Market data is delayed by at least 15 minutes).

convergys corp (CVG) Snapshot

Open
$20.57
Previous Close
$20.52
Day High
$20.57
Day Low
$20.30
52 Week High
01/7/14 - $24.43
52 Week Low
10/8/14 - $17.36
Market Cap
2.1B
Average Volume 10 Days
544.1K
EPS TTM
$1.12
Shares Outstanding
100.3M
EX-Date
12/23/14
P/E TM
18.4x
Dividend
$0.28
Dividend Yield
1.32%
Current Stock Chart for CONVERGYS CORP (CVG)

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convergys corp (CVG) Details

Convergys Corporation provides customer management business process outsourcing solutions for communications, financial services, technology, and other vertical markets worldwide. The company offers various customer lifecycle solutions comprising customer service, customer retention, technical support, business-to-consumer sales, complex device support, business-to-business sales and account management, back office, collections, quality assurance, and direct response services. It also provides contact center technology solutions, such as multichannel interaction solutions, cross-channel integration framework, real-time decisioning engine, intelligent notifications, campaign management, personalized care, personalized selling, agent productivity, retention, and credits services. In addition, the company offers analytics and consulting solutions, including post-contact surveys, relational loyalty research, segmentation and profiling, repeat call analysis, agent path analysis, customer interaction assessment, chat optimization, and integrated contact center analytics. The company operates approximately 75 contact centers and 49,000 production workstations. Convergys Corporation was founded in 1998 and is headquartered in Cincinnati, Ohio.

125,000 Employees
Last Reported Date: 11/5/14
Founded in 1998

convergys corp (CVG) Top Compensated Officers

Chief Executive Officer, President, Director ...
Total Annual Compensation: $733.6K
Chief Financial Officer
Total Annual Compensation: $401.9K
Senior Vice President of Global Operations
Total Annual Compensation: $391.8K
Executive Vice President and General Counsel
Total Annual Compensation: $320.1K
Compensation as of Fiscal Year 2013.

convergys corp (CVG) Key Developments

Convergys Corporation Announces Unaudited Consolidated Earnings Results for the Third Quarter and Nine Months Ended September 30, 2014; Revises Earnings Guidance for the Fiscal 2014; Declares Quarterly Dividend, Payable on January 9, 2015

Convergys Corporation announced unaudited consolidated earnings results for the third quarter and nine months ended September 30, 2014. For the quarter, the company reported total revenues were $749.5 million compared to $521 million for the same period of last year. Operating income was $42.0 million compared to $31.3 million for the same period of last year. Income before income taxes and discontinued operations was $36.4 million compared to $30.9 million for the same period of last year. Income from continuing operations, net of tax was $30.0 million compared to $28.2 million for the same period of last year. Diluted earnings per common share from continuing operations were $0.28 compared to $0.26 for the same period of last year. Net income was $32.8 million compared to $33.9 million for the same period of last year. Diluted earnings per common share were $0.31 compared to $0.31 for the same period of last year. Adjusted operating income was $63.3 million against $37.5 million a year ago. Adjusted income before income taxes and discontinued operations was $57.7 million against $37.1 million a year ago. Adjusted diluted EPS from continuing operations was $0.42 against $0.30 a year ago. Non-GAAP EBITDA was $88.4 million against $57.4 million a year ago. Non-GAAP Adjusted EBITDA was $97 million against $62.2 million a year ago. Net cash provided by operating activities was $115.7 million against $76.6 million a year ago. Capital expenditures were $30.2 million against $16.9 million a year ago. Adjusted free cash flow was $75 million. The company’s growth in the quarter was driven by new client relationships acquired from Stream, volume increases with several existing clients and new program ramps across vertical markets. On a pro forma basis, total revenue decreased 3% year-over-year in the third quarter. This was largely driven by the loss of the postal service contract. For the nine months, the company reported total revenues were $2,091.6 million compared to $1,518.8 million for the same period of last year. Operating income was $100.9 million compared to $97.9 million for the same period of last year. Income before income taxes and discontinued operations was $83.7 million compared $94 million for the same period of last year. Income from continuing operations, net of tax was $68.5 million compared to loss of $2.0 million for the same period of last year. Diluted earnings per common share from continuing operations were $0.65 compared to $0.74 for the same period of last year. Net income was $71.7 million compared to $82.4 million for the same period of last year. Diluted earnings per common share were $0.68 compared to $0.76 for the same period of last year. Adjusted operating income was $168.7 million against $111.3 million a year ago. Adjusted income before income taxes and discontinued operations was $151.5 million against $111.4 million a year ago. Adjusted diluted EPS from continuing operations was $1.09 against $0.82 a year ago. Non-GAAP EBITDA was $221.7 million against $171 million a year ago. Non-GAAP Adjusted EBITDA was $258.5 million against $184.4 million a year ago. Net cash provided by operating activities was $207.4 million against $149.3 million a year ago. Capital expenditures were $86.5 million against $43.2 million a year ago. For the full year 2014, the company has raised guidance for adjusted EPS. The company now expects revenue to approximate $2.85 billion, Adjusted EBITDA to be at approximate $355 million; Adjusted effective tax rate of 23%, and Adjusted EPS to approximate $1.52. The company expects EPS growth rate above 35%. The company announced the next quarterly dividend payment of $0.07 per share is scheduled to be made on January 9, 2015, to shareholders of record at the close of business on December 26, 2014.

Convergys Corporation Appoints Marjorie (Marge) Connelly as Chief Operating Officer

On November 4, 2014, Convergys Corporation announced the appointment of Marjorie (Marge) Connelly, age 52, as Chief Operating Officer, effective immediately. Ms. Connelly previously served as Global Chief Operating Officer (COO) for Barclaycard, the credit card and merchant services division of Barclays and as COO for Wachovia Securities. As Global COO at Barclaycard from 2009 to 2011, she was responsible for operations, including call center operations, and technology support of Barclaycard's consumer and commercial credit cards, merchant acquiring and point of sale finance businesses in the UK, US, Germany, South Africa and Scandinavia. As COO at Wachovia Securities from 2006 to 2008, she was responsible for operations, customer service, and certain business resource units, including supply chain, technology, real estate and project management. She most recently served as Interim President of Longwood College from 2012 - 2013. She also served on the Board of Directors of Portfolio Recovery Associates, from 2013 through November 3, 2014.

Convergys Corporation to Report Q3, 2014 Results on Nov 06, 2014

Convergys Corporation announced that they will report Q3, 2014 results at 9:00 AM, US Eastern Standard Time on Nov 06, 2014

 

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Industry Analysis

CVG

Industry Average

Valuation CVG Industry Range
Price/Earnings 46.6x
Price/Sales 0.8x
Price/Book 1.7x
Price/Cash Flow 10.5x
TEV/Sales 0.5x
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