Colliers International Group (CIGI) Scheduled to Post Earnings on Tuesday

Colliers International Group (NASDAQ:CIGI) (TSE:CIGI) is scheduled to be issuing its quarterly earnings data before the market opens on Tuesday, November 5th. Analysts expect the company to announce earnings of $1.45 per share for the quarter. Individual interested in listening to the company’s earnings conference call can do so using this link.

Colliers International Group (NASDAQ:CIGI) (TSE:CIGI) last posted its quarterly earnings data on Thursday, August 1st. The financial services provider reported $1.36 EPS for the quarter, missing the consensus estimate of $1.37 by ($0.01). The business had revenue of $1.14 billion during the quarter, compared to analysts’ expectations of $1.11 billion. Colliers International Group had a net margin of 3.20% and a return on equity of 23.60%. The company’s revenue for the quarter was up 5.7% compared to the same quarter last year. During the same period in the previous year, the business posted $1.21 EPS. On average, analysts expect Colliers International Group to post $6 EPS for the current fiscal year and $7 EPS for the next fiscal year.

Colliers International Group Stock Performance

NASDAQ:CIGI opened at $151.94 on Monday. Colliers International Group has a 52 week low of $83.38 and a 52 week high of $156.29. The company has a fifty day simple moving average of $147.86 and a two-hundred day simple moving average of $128.93. The company has a quick ratio of 1.03, a current ratio of 1.03 and a debt-to-equity ratio of 1.13. The company has a market cap of $7.46 billion, a price-to-earnings ratio of 51.68 and a beta of 1.50.

Wall Street Analysts Forecast Growth

Several brokerages recently weighed in on CIGI. BMO Capital Markets raised their target price on shares of Colliers International Group from $163.00 to $164.00 and gave the company an “outperform” rating in a report on Friday, September 13th. National Bankshares upped their price objective on Colliers International Group from $125.00 to $137.00 and gave the stock a “sector perform” rating in a research report on Friday, August 2nd. Scotiabank boosted their target price on Colliers International Group from $150.00 to $155.00 and gave the stock a “sector outperform” rating in a research note on Friday, August 2nd. Royal Bank of Canada boosted their price objective on shares of Colliers International Group from $160.00 to $174.00 and gave the stock an “outperform” rating in a research report on Monday, October 21st. Finally, Stifel Nicolaus lifted their price target on shares of Colliers International Group from $155.00 to $160.00 and gave the stock a “buy” rating in a research note on Friday, August 2nd. Two equities research analysts have rated the stock with a hold rating and five have given a buy rating to the company’s stock. According to data from MarketBeat.com, Colliers International Group currently has a consensus rating of “Moderate Buy” and an average target price of $158.33.

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.