CGI Inc. to Post Q3 2024 Earnings of $1.41 Per Share, National Bank Financial Forecasts (NYSE:GIB)

CGI Inc. (NYSE:GIB) (TSE:GIB.A) – National Bank Financial issued their Q3 2024 earnings estimates for shares of CGI in a research report issued on Wednesday, May 1st. National Bank Financial analyst R. Tse expects that the technology company will earn $1.41 per share for the quarter. The consensus estimate for CGI’s current full-year earnings is $5.69 per share.

CGI (NYSE:GIB) (TSE:GIB.A) last posted its earnings results on Wednesday, January 31st. The technology company reported $1.34 earnings per share for the quarter, topping analysts’ consensus estimates of $1.31 by $0.03. CGI had a net margin of 11.38% and a return on equity of 20.73%. The firm had revenue of $2.65 billion for the quarter, compared to analyst estimates of $2.59 billion.

Other equities research analysts have also issued reports about the stock. StockNews.com lowered shares of CGI from a “buy” rating to a “hold” rating in a report on Monday, March 11th. CIBC decreased their price objective on shares of CGI from $169.00 to $165.00 and set an “outperformer” rating for the company in a research report on Thursday. Finally, TD Securities upgraded shares of CGI from a “hold” rating to a “buy” rating in a research report on Thursday.

CGI Trading Up 2.8 %

GIB opened at $102.11 on Friday. CGI has a fifty-two week low of $93.07 and a fifty-two week high of $118.89. The company has a debt-to-equity ratio of 0.22, a current ratio of 1.11 and a quick ratio of 0.86. The firm has a market capitalization of $23.72 billion, a price-to-earnings ratio of 19.67, a PEG ratio of 2.18 and a beta of 0.93. The company’s 50 day moving average price is $110.10 and its two-hundred day moving average price is $106.86.

Institutional Investors Weigh In On CGI

Several large investors have recently modified their holdings of GIB. Exchange Traded Concepts LLC grew its holdings in CGI by 471.7% in the third quarter. Exchange Traded Concepts LLC now owns 263 shares of the technology company’s stock worth $26,000 after purchasing an additional 217 shares during the period. Hexagon Capital Partners LLC grew its holdings in CGI by 297.1% in the fourth quarter. Hexagon Capital Partners LLC now owns 270 shares of the technology company’s stock worth $29,000 after purchasing an additional 202 shares during the period. Dixon Mitchell Investment Counsel Inc. acquired a new stake in CGI in the first quarter worth $30,000. Group One Trading L.P. acquired a new stake in CGI in the third quarter worth $36,000. Finally, Quantbot Technologies LP acquired a new stake in CGI in the third quarter worth $41,000. 66.68% of the stock is currently owned by institutional investors and hedge funds.

About CGI

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.