Colliers International Group (CIGI) Projected to Post Quarterly Earnings on Thursday

Colliers International Group (NASDAQ:CIGI) (TSE:CIGI) is expected to be releasing its earnings data before the market opens on Thursday, February 6th. Analysts expect Colliers International Group to post earnings of $2.40 per share and revenue of $1.44 billion for the quarter. Investors that wish to listen to the company’s conference call can do so using this link.

Colliers International Group (NASDAQ:CIGI) (TSE:CIGI) last announced its quarterly earnings results on Tuesday, November 5th. The financial services provider reported $1.32 EPS for the quarter, missing analysts’ consensus estimates of $1.49 by ($0.17). The firm had revenue of $1.18 billion for the quarter, compared to analyst estimates of $1.17 billion. Colliers International Group had a net margin of 3.38% and a return on equity of 21.78%. The business’s revenue for the quarter was up 11.7% compared to the same quarter last year. During the same period in the previous year, the business posted $1.10 earnings per share. On average, analysts expect Colliers International Group to post $5 EPS for the current fiscal year and $7 EPS for the next fiscal year.

Colliers International Group Stock Up 2.9 %

Shares of NASDAQ CIGI opened at $143.31 on Wednesday. The company has a 50 day simple moving average of $141.09 and a 200 day simple moving average of $143.47. The company has a debt-to-equity ratio of 1.42, a current ratio of 1.17 and a quick ratio of 1.17. Colliers International Group has a 1 year low of $101.01 and a 1 year high of $156.96. The firm has a market cap of $7.06 billion, a PE ratio of 45.64 and a beta of 1.49.

Colliers International Group Announces Dividend

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

Wall Street Analyst Weigh In

A number of equities analysts have recently issued reports on CIGI shares. Royal Bank of Canada raised their price objective on Colliers International Group from $160.00 to $174.00 and gave the stock an “outperform” rating in a research report on Monday, October 21st. National Bank Financial upgraded shares of Colliers International Group from a “hold” rating to a “strong-buy” rating in a research report on Tuesday, November 5th. Raymond James increased their price objective on shares of Colliers International Group from $160.00 to $175.00 and gave the stock an “outperform” rating in a research report on Thursday, January 30th. JPMorgan Chase & Co. began coverage on shares of Colliers International Group in a research note on Monday, December 16th. They set a “neutral” rating and a $167.00 target price for the company. Finally, The Goldman Sachs Group started coverage on shares of Colliers International Group in a research report on Friday, December 6th. They set a “neutral” rating and a $170.00 price target on the stock. Four research analysts have rated the stock with a hold rating, five have assigned a buy rating and one has given a strong buy rating to the company’s stock. According to data from MarketBeat, Colliers International Group has a consensus rating of “Moderate Buy” and a consensus price target of $164.63.

Colliers International Group Company Profile

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.