GFI Group (GFIG) Announces Quarterly Results
GFI Group (NASDAQ:GFIG) posted its quarterly earnings results on Tuesday. The company reported $0.05 EPS for the quarter, beating the Thomson Reuters consensus estimate of $0.04 by $0.01, Analyst Ratings Net reports. The company had revenue of $240.70 million for the quarter, compared to the consensus estimate of $232.00 million. During the same quarter in the prior year, the company posted $0.06 earnings per share. The company’s quarterly revenue was down 1.5% on a year-over-year basis.
GFIG has been the subject of a number of recent research reports. Analysts at Keefe, Bruyette & Woods cut their price target on shares of GFI Group from $5.00 to $4.50 in a research note on Thursday, April 10th. On a related note, analysts at Zacks upgraded shares of GFI Group from an “underperform” rating to a “neutral” rating in a research note on Monday, April 7th. They now have a $3.60 price target on the stock. Finally, analysts at Zacks downgraded shares of GFI Group from a “neutral” rating to an “underperform” rating in a research note on Monday, February 17th. They now have a $3.70 price target on the stock.
GFI Group (NASDAQ:GFIG) traded up 1.66% on Tuesday, hitting $3.67. The stock had a trading volume of 300,006 shares. GFI Group has a one year low of $3.16 and a one year high of $4.58. The stock’s 50-day moving average is $3.67 and its 200-day moving average is $3.73. The company’s market cap is $453.9 million.
The company also recently declared a quarterly dividend, which is scheduled for Friday, May 30th. Stockholders of record on Friday, May 16th will be given a dividend of $0.05 per share. This represents a $0.20 dividend on an annualized basis and a yield of 5.45%.
GFI Group Inc (NASDAQ:GFIG) is a provider of wholesale brokerage services, clearing services and electronic execution and trading support products for global financial markets.
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