Colliers International Group (CIGI) Projected to Post Quarterly Earnings on Thursday

Colliers International Group (NASDAQ:CIGI) (TSE:CIGI) is anticipated to issue its quarterly earnings data before the market opens on Thursday, February 6th. Analysts expect the company to announce earnings of $2.40 per share and revenue of $1.44 billion for the quarter. Colliers International Group has set its FY 2024 guidance at 5.670-5.990 EPS.Parties that wish to listen to the company’s conference call can do so using this link.

Colliers International Group (NASDAQ:CIGI) (TSE:CIGI) last announced its quarterly earnings results on Tuesday, November 5th. The financial services provider reported $1.32 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $1.49 by ($0.17). The firm had revenue of $1.18 billion during the quarter, compared to the consensus estimate of $1.17 billion. Colliers International Group had a return on equity of 21.78% and a net margin of 3.38%. The business’s revenue for the quarter was up 11.7% on a year-over-year basis. During the same quarter in the previous year, the firm earned $1.10 EPS. On average, analysts expect Colliers International Group to post $5 EPS for the current fiscal year and $7 EPS for the next fiscal year.

Colliers International Group Stock Performance

Shares of Colliers International Group stock opened at $140.76 on Thursday. The stock has a market cap of $7.10 billion, a price-to-earnings ratio of 44.83 and a beta of 1.49. The firm’s 50-day moving average is $141.63 and its 200 day moving average is $143.01. Colliers International Group has a 1 year low of $101.01 and a 1 year high of $156.96. The company has a debt-to-equity ratio of 1.42, a current ratio of 1.17 and a quick ratio of 1.17.

Colliers International Group Dividend Announcement

The firm also recently announced a semi-annual dividend, which was paid on Tuesday, January 14th. Shareholders of record on Tuesday, December 31st were given a $0.15 dividend. This represents a yield of 0.2%. The ex-dividend date was Tuesday, December 31st. Colliers International Group’s dividend payout ratio (DPR) is 9.55%.

Wall Street Analyst Weigh In

A number of equities analysts have weighed in on CIGI shares. Raymond James boosted their target price on Colliers International Group from $160.00 to $175.00 and gave the stock an “outperform” rating in a research report on Wednesday, January 22nd. Scotiabank decreased their target price on Colliers International Group from $172.50 to $170.00 and set a “sector outperform” rating for the company in a research report on Tuesday. National Bank Financial raised Colliers International Group from a “hold” rating to a “strong-buy” rating in a research report on Tuesday, November 5th. The Goldman Sachs Group started coverage on Colliers International Group in a research report on Friday, December 6th. They issued a “neutral” rating and a $170.00 target price for the company. Finally, Royal Bank of Canada boosted their target price on Colliers International Group from $160.00 to $174.00 and gave the stock an “outperform” rating in a research report on Monday, October 21st. Four equities research analysts have rated the stock with a hold rating, five have assigned a buy rating and one has given a strong buy rating to the company’s stock. According to data from MarketBeat, the company has an average rating of “Moderate Buy” and an average price target of $164.63.

Colliers International Group Company Profile

Colliers International Group Inc provides commercial real estate professional and investment management services to corporate and institutional clients in the Americas, Europe, the Middle East, Africa, and the Asia Pacific. The company offers outsourcing and advisory services, such as engineering and project management, property management, valuation, and other services, as well as loan servicing for commercial real estate clients.