FY2025 Earnings Forecast for CIGI Issued By Raymond James

Colliers International Group Inc. (NASDAQ:CIGI) (TSE:CIGI) – Equities researchers at Raymond James dropped their FY2025 earnings estimates for Colliers International Group in a research note issued on Tuesday, January 21st. Raymond James analyst F. Bastien now expects that the financial services provider will post earnings per share of $6.66 for the year, down from their prior forecast of $6.96. Raymond James currently has a “Outperform” rating and a $175.00 price target on the stock. The consensus estimate for Colliers International Group’s current full-year earnings is $5.41 per share.

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

Other research analysts have also recently issued research reports about the stock. Royal Bank of Canada increased their target price on shares of Colliers International Group from $160.00 to $174.00 and gave the stock an “outperform” rating in a report on Monday, October 21st. National Bank Financial upgraded Colliers International Group from a “hold” rating to a “strong-buy” rating in a report on Tuesday, November 5th. Scotiabank upped their target price on Colliers International Group from $155.00 to $167.50 and gave the stock a “sector outperform” rating in a report on Wednesday, November 6th. The Goldman Sachs Group assumed coverage on Colliers International Group in a research note on Friday, December 6th. They issued a “neutral” rating and a $170.00 price target for the company. Finally, StockNews.com cut Colliers International Group from a “buy” rating to a “hold” rating in a research note on Tuesday, October 8th. Four analysts have rated the stock with a hold rating, five have given a buy rating and one has assigned a strong buy rating to the company’s stock. Based on data from MarketBeat, the company currently has an average rating of “Moderate Buy” and an average target price of $164.31.

Colliers International Group Trading Down 0.1 %

NASDAQ:CIGI opened at $140.26 on Wednesday. The company has a quick ratio of 1.17, a current ratio of 1.17 and a debt-to-equity ratio of 1.42. Colliers International Group has a twelve month low of $101.01 and a twelve month high of $156.96. The company has a market cap of $7.07 billion, a P/E ratio of 44.67 and a beta of 1.49. The business has a 50 day moving average price of $141.82 and a two-hundred day moving average price of $142.15.

Hedge Funds Weigh In On Colliers International Group

Institutional investors and hedge funds have recently modified their holdings of the stock. The Manufacturers Life Insurance Company lifted its stake in shares of Colliers International Group by 47.6% during the 2nd quarter. The Manufacturers Life Insurance Company now owns 1,011,898 shares of the financial services provider’s stock worth $112,834,000 after buying an additional 326,453 shares during the last quarter. Bank of Montreal Can lifted its position in Colliers International Group by 0.9% during the second quarter. Bank of Montreal Can now owns 689,358 shares of the financial services provider’s stock worth $76,703,000 after acquiring an additional 6,178 shares during the last quarter. Franklin Resources Inc. boosted its holdings in shares of Colliers International Group by 100.8% during the third quarter. Franklin Resources Inc. now owns 678,836 shares of the financial services provider’s stock worth $102,261,000 after acquiring an additional 340,691 shares during the period. Janus Henderson Group PLC bought a new stake in shares of Colliers International Group during the third quarter worth approximately $69,920,000. Finally, Vulcan Value Partners LLC grew its position in shares of Colliers International Group by 4.6% in the second quarter. Vulcan Value Partners LLC now owns 454,181 shares of the financial services provider’s stock valued at $50,767,000 after purchasing an additional 20,150 shares during the last quarter. 80.09% of the stock is currently owned by institutional investors and hedge funds.

Colliers International Group Announces Dividend

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

About Colliers International Group

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.