National Bank Financial Expects Reduced Earnings for CGI

CGI Inc. (NYSE:GIB) (TSE:GIB.A) – National Bank Financial cut their FY2025 earnings per share (EPS) estimates for CGI in a report issued on Wednesday, January 29th. National Bank Financial analyst R. Tse now forecasts that the technology company will post earnings of $5.83 per share for the year, down from their prior estimate of $6.05. The consensus estimate for CGI’s current full-year earnings is $5.85 per share.

GIB has been the topic of several other reports. CIBC upgraded CGI from a “neutral” rating to an “outperformer” rating and upped their price objective for the company from $155.00 to $178.00 in a research note on Tuesday, October 15th. Royal Bank of Canada reiterated an “outperform” rating and issued a $178.00 price objective on shares of CGI in a research note on Monday, January 6th. Jefferies Financial Group reduced their target price on CGI from $140.00 to $135.00 and set a “buy” rating on the stock in a report on Tuesday, January 21st. StockNews.com raised CGI from a “sell” rating to a “hold” rating in a report on Friday, November 15th. Finally, Cibc World Mkts raised CGI from a “hold” rating to a “strong-buy” rating in a report on Tuesday, October 15th. Two analysts have rated the stock with a hold rating, three have issued a buy rating and two have given a strong buy rating to the company’s stock. According to data from MarketBeat.com, the company presently has an average rating of “Buy” and a consensus target price of $150.75.

CGI Trading Down 1.0 %

GIB stock opened at $117.87 on Monday. CGI has a 1-year low of $96.92 and a 1-year high of $121.55. The firm has a market cap of $26.86 billion, a P/E ratio of 21.31, a P/E/G ratio of 2.49 and a beta of 0.95. The business’s 50 day moving average is $111.08 and its 200-day moving average is $111.44. The company has a current ratio of 1.36, a quick ratio of 1.02 and a debt-to-equity ratio of 0.29.

CGI (NYSE:GIB) (TSE:GIB.A) last issued its quarterly earnings results on Wednesday, January 29th. The technology company reported $1.41 earnings per share (EPS) for the quarter, meeting the consensus estimate of $1.41. CGI had a return on equity of 19.59% and a net margin of 11.72%.

CGI Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Friday, March 21st. Shareholders of record on Friday, February 14th will be issued a dividend of $0.1039 per share. This represents a $0.42 annualized dividend and a yield of 0.35%. The ex-dividend date is Friday, February 14th. CGI’s dividend payout ratio is 8.32%.

Institutional Inflows and Outflows

Several large investors have recently bought and sold shares of the company. Crestwood Advisors Group LLC lifted its holdings in CGI by 2.4% during the 3rd quarter. Crestwood Advisors Group LLC now owns 4,222 shares of the technology company’s stock worth $485,000 after buying an additional 97 shares in the last quarter. West Family Investments Inc. lifted its holdings in CGI by 5.5% during the 3rd quarter. West Family Investments Inc. now owns 2,323 shares of the technology company’s stock worth $267,000 after buying an additional 121 shares in the last quarter. Signal Advisors Wealth LLC lifted its holdings in CGI by 4.5% during the 4th quarter. Signal Advisors Wealth LLC now owns 3,158 shares of the technology company’s stock worth $345,000 after buying an additional 135 shares in the last quarter. CWM LLC lifted its holdings in CGI by 14.8% during the 3rd quarter. CWM LLC now owns 1,365 shares of the technology company’s stock worth $157,000 after buying an additional 176 shares in the last quarter. Finally, Sequoia Financial Advisors LLC raised its position in shares of CGI by 0.6% during the 3rd quarter. Sequoia Financial Advisors LLC now owns 31,098 shares of the technology company’s stock valued at $3,575,000 after acquiring an additional 181 shares during the last quarter. Institutional investors and hedge funds own 66.68% of the company’s stock.

CGI Company Profile

CGI Inc, together with its subsidiaries, provides information technology (IT) and business process services. Its services include the business and strategic IT consulting, systems integration, and software solutions. The company also provides application development, modernization and maintenance, holistic enterprise digitization, automation, hybrid and cloud management, and business process services; intellectual property-based solutions; business consulting; managed IT services; and IT infrastructure services.