FY2025 EPS Estimates for IGM Financial Lifted by Analyst

IGM Financial Inc. (TSE:IGM) – Investment analysts at National Bank Financial upped their FY2025 EPS estimates for IGM Financial in a research note issued to investors on Sunday, February 2nd. National Bank Financial analyst J. Gloyn now expects that the financial services provider will post earnings per share of $4.44 for the year, up from their previous estimate of $4.43. The consensus estimate for IGM Financial’s current full-year earnings is $4.01 per share. National Bank Financial also issued estimates for IGM Financial’s FY2026 earnings at $4.83 EPS.

Other equities analysts have also issued reports about the stock. National Bankshares increased their price target on shares of IGM Financial from C$47.00 to C$50.00 and gave the company an “outperform” rating in a research note on Wednesday, October 30th. Scotiabank lifted their price target on shares of IGM Financial from C$53.00 to C$56.00 in a research note on Friday, November 8th. BMO Capital Markets boosted their price target on shares of IGM Financial from C$43.00 to C$47.00 in a research report on Monday, November 11th. TD Securities raised their price objective on IGM Financial from C$46.00 to C$50.00 in a report on Monday, November 11th. Finally, CIBC boosted their target price on IGM Financial from C$47.00 to C$50.00 in a report on Friday, November 8th. Three investment analysts have rated the stock with a hold rating and three have issued a buy rating to the company. Based on data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average price target of C$49.29.

IGM Financial Trading Up 0.7 %

Shares of TSE:IGM opened at C$44.69 on Tuesday. IGM Financial has a 52 week low of C$32.95 and a 52 week high of C$47.96. The company’s 50 day moving average is C$46.10 and its two-hundred day moving average is C$42.55. The company has a market cap of C$10.58 billion, a PE ratio of 12.59, a P/E/G ratio of 4.09 and a beta of 1.53. The company has a current ratio of 2.12, a quick ratio of 0.31 and a debt-to-equity ratio of 35.99.

IGM Financial (TSE:IGM) last announced its quarterly earnings data on Thursday, November 7th. The financial services provider reported C$1.01 earnings per share (EPS) for the quarter, missing the consensus estimate of C$1.03 by C($0.02). IGM Financial had a net margin of 29.47% and a return on equity of 12.80%. During the same period last year, the firm earned $0.89 earnings per share.

IGM Financial Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Friday, January 31st. Investors of record on Tuesday, December 31st were issued a $0.563 dividend. This represents a $2.25 dividend on an annualized basis and a dividend yield of 5.04%. The ex-dividend date of this dividend was Tuesday, December 31st. IGM Financial’s dividend payout ratio is currently 63.38%.

IGM Financial Company Profile

IGM Financial Inc operates as a wealth and asset management company in Canada. It operates through Wealth Management and Asset Management segments. The Wealth Management segment offers investments that are focused on providing financial planning and related services; and provides mutual fund management and discretionary portfolio management services.