Raymond James Has Positive View of CGI Group FY2025 Earnings

CGI Group, Inc. (TSE:GIB) – Investment analysts at Raymond James increased their FY2025 earnings per share (EPS) estimates for CGI Group in a note issued to investors on Thursday, January 30th. Raymond James analyst S. Li now expects that the company will post earnings per share of $8.40 for the year, up from their prior estimate of $8.30.

CGI Group (TSE:GIB) last posted its quarterly earnings data on Wednesday, November 6th. The company reported C$1.92 EPS for the quarter, missing analysts’ consensus estimates of C$2.04 by C($0.12). The company had revenue of C$3.66 billion during the quarter, compared to the consensus estimate of C$3.63 billion.

Separately, Cibc World Mkts raised CGI Group from a “hold” rating to a “strong-buy” rating in a research note on Tuesday, October 15th.

CGI Group Price Performance

CGI Group Announces Dividend

The firm also recently declared a dividend, which was paid on Friday, December 20th. Shareholders of record on Wednesday, November 20th were paid a $0.15 dividend. The ex-dividend date of this dividend was Wednesday, November 20th.

CGI Group Company Profile

CGI Inc, together with its subsidiaries, provides information technology (IT) and business process services in Canada; Western, Southern, Central, and Eastern Europe; Australia; Scandinavia; Finland, Poland, and Baltics; the United States; the United Kingdom; and the Asia Pacific. Its services include the management of IT and business outsourcing, systems integration and consulting, and software solutions selling activities.