Last $20.02 USD
Change Today -0.14 / -0.69%
Volume 369.1K
CVG On Other Exchanges
Symbol
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As of 8:04 PM 07/29/14 All times are local (Market data is delayed by at least 15 minutes).

convergys corp (CVG) Snapshot

Open
$20.17
Previous Close
$20.16
Day High
$20.32
Day Low
$19.98
52 Week High
01/7/14 - $24.43
52 Week Low
09/3/13 - $17.16
Market Cap
2.0B
Average Volume 10 Days
401.1K
EPS TTM
$1.08
Shares Outstanding
101.5M
EX-Date
06/17/14
P/E TM
18.5x
Dividend
$0.28
Dividend Yield
1.25%
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: 05/12/14
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
Senior 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 First Quarter Ended March 31, 2014; Approves Quarterly Dividend, Payable on July 3, 2014; Provides Earnings Guidance for the Second Quarter, Second Half and Full Year of 2014

Convergys Corporation announced that the Board of Directors of the company approved a 17% increase in the quarterly dividend to $0.07 per share. The first dividend payment of $0.07 per share is scheduled to be made on July 3, 2014, to shareholders of record at the close of business on June 19, 2014. The company announced unaudited consolidated earnings results for the first quarter ended March 31, 2014. For the quarter, the company reported total revenues of $605.7 million against $493.5 million a year ago. The strong growth in revenue was driven by higher-than-expected volumes early in the quarter with clients in the communications, health care and retail verticals. Operating income was $22.0 million against $36.5 million a year ago. Income from continuing operations, net of tax was $13.7 million or $0.13 per diluted share against $30.2 million or $0.27 per diluted share a year ago. Net income was $14.2 million or $0.13 per diluted share against $25.1 million or $0.23 per diluted share a year ago. The profit improvement was driven primarily by the impact of higher client volumes early in the quarter. Income before income taxes and discontinued operations was $16.1 million against $35.9 million a year ago. Adjusted operating income was $52.3 million against $37.7 million a year ago. Adjusted income from continuing operations, net of tax was $34.0 million or $0.32 per diluted share against $30.9 million or $0.28 per diluted share a year ago. Adjusted EBITDA was $75.1 million against $60.93 million a year ago. Net cash provided by operating activities was $15.7 million against $22.7 million a year ago. Capital expenditures were $18.3 million against $12.1 million a year ago. The company expects consolidated revenue growth and adjusted profit improvement for the full year 2014 compared with 2013, including: Revenue to exceed $2.9 billion, increasing over 40% from prior year $2.0 billion; Adjusted EBITDA of $350 million to $360 million, improving from prior year $251 million; Adjusted effective tax rate to approximate 23%; Adjusted EPS of $1.45 to $1.50, improving over 30% from prior year $1.10. The company expects normal seasonal impacts in the second quarter of 2014 with sequential increase in second-half 2014 results compared with first-half 2014 results. For the second quarter, The company expects adjusted EPS to be similar to its first quarter result.

Convergys Corporation to Report Q1, 2014 Results on May 13, 2014

Convergys Corporation announced that they will report Q1, 2014 results at 9:00 AM, US Eastern Standard Time on May 13, 2014

Convergys Corporation, Q1 2014 Earnings Call, May 13, 2014

Convergys Corporation, Q1 2014 Earnings Call, May 13, 2014

 

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Industry Analysis

CVG

Industry Average

Valuation CVG Industry Range
Price/Earnings 52.1x
Price/Sales 0.9x
Price/Book 1.6x
Price/Cash Flow 13.8x
TEV/Sales 0.5x
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