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

Colliers International Group (NASDAQ:CIGIGet Free Report) (TSE:CIGI) will likely be announcing its earnings results before the market opens on Thursday, February 6th. Analysts expect the company to announce earnings of $2.40 per share and revenue of $1.44 billion for the quarter. Colliers International Group has set its FY 2024 guidance at 5.670-5.990 EPS.Parties that are interested in registering for the company’s conference call can do so using this link.

Colliers International Group (NASDAQ:CIGIGet Free Report) (TSE:CIGI) last posted its 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 the consensus estimate of $1.17 billion. Colliers International Group had a net margin of 3.38% and a return on equity of 21.78%. The firm’s revenue was up 11.7% compared to the same quarter last year. During the same quarter in the prior year, the company 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 Down 2.0 %

NASDAQ CIGI opened at $140.76 on Thursday. The company has a debt-to-equity ratio of 1.42, a quick ratio of 1.17 and a current ratio of 1.17. The company has a market capitalization of $7.10 billion, a P/E ratio of 44.83 and a beta of 1.49. Colliers International Group has a one year low of $101.01 and a one year high of $156.96. The stock has a 50 day moving average price of $141.63 and a 200-day moving average price of $143.01.

Colliers International Group Dividend Announcement

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

Analysts Set New Price Targets

CIGI has been the subject of a number of research reports. The Goldman Sachs Group initiated coverage on Colliers International Group in a research report on Friday, December 6th. They set a “neutral” rating and a $170.00 target price for the company. Royal Bank of Canada increased their price target on Colliers International Group from $160.00 to $174.00 and gave the company an “outperform” rating in a report on Monday, October 21st. JPMorgan Chase & Co. assumed coverage on Colliers International Group in a report on Monday, December 16th. They set a “neutral” rating and a $167.00 price target on the stock. National Bank Financial upgraded Colliers International Group from a “hold” rating to a “strong-buy” rating in a report on Tuesday, November 5th. Finally, Scotiabank decreased their price target on Colliers International Group from $172.50 to $170.00 and set a “sector outperform” rating on the stock in a report on Tuesday. Four investment analysts have rated the stock with a hold rating, five have issued a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat.com, Colliers International Group currently has a consensus rating of “Moderate Buy” and a consensus price target of $164.63.

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Colliers International Group Company Profile

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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.

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Earnings History for Colliers International Group (NASDAQ:CIGI)

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