Colliers International Group (NASDAQ:CIGI – Get Free Report) (TSE:CIGI) will issue its quarterly earnings data before the market opens on Thursday, August 1st. Analysts expect the company to announce earnings of $1.26 per share for the quarter. Colliers International Group has set its FY24 guidance at $5.89 to $6.42 EPS.Investors interested in listening to the company’s conference call can do so using this link.
Colliers International Group (NASDAQ:CIGI – Get Free Report) (TSE:CIGI) last released its earnings results on Thursday, May 2nd. The financial services provider reported $0.66 earnings per share for the quarter, missing analysts’ consensus estimates of $0.86 by ($0.20). Colliers International Group had a net margin of 2.25% and a return on equity of 26.28%. The company had revenue of $1 billion for the quarter, compared to the consensus estimate of $989.03 million. 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 Down 2.1 %
Shares of NASDAQ CIGI opened at $134.18 on Wednesday. Colliers International Group has a 52 week low of $83.38 and a 52 week high of $140.30. The stock’s fifty day moving average is $116.42 and its 200 day moving average is $116.43. The company has a debt-to-equity ratio of 1.15, a quick ratio of 1.18 and a current ratio of 1.18. The stock has a market capitalization of $6.57 billion, a P/E ratio of 65.45 and a beta of 1.50.
Colliers International Group Announces Dividend
Analyst Ratings Changes
Several analysts recently issued reports on the stock. Royal Bank of Canada reiterated an “outperform” rating and set a $145.00 price target on shares of Colliers International Group in a research report on Tuesday, June 4th. Scotiabank raised their target price on Colliers International Group from $135.00 to $150.00 and gave the company an “outperform” rating in a report on Tuesday, July 23rd. Raymond James boosted their price target on Colliers International Group from $145.00 to $150.00 and gave the stock a “strong-buy” rating in a report on Wednesday, June 5th. Finally, BMO Capital Markets raised their price objective on Colliers International Group from $137.00 to $140.00 and gave the company an “outperform” rating in a research note on Tuesday, June 4th. Two research analysts have rated the stock with a hold rating, four have issued a buy rating and one has given a strong buy rating to the stock. According to MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $142.50.
Read Our Latest Research Report on CIGI
About Colliers International Group
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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