CGI Group, Inc. (NYSE:GIB) Expected to Earn Q4 2017 Earnings of $0.77 Per Share
CGI Group, Inc. (NYSE:GIB) (TSE:GIB.A) – Cormark dropped their Q4 2017 earnings per share (EPS) estimates for CGI Group in a research report issued to clients and investors on Thursday. Cormark analyst R. Peters now expects that the technology company will post earnings per share of $0.77 for the quarter, down from their previous estimate of $0.78.
GIB has been the subject of a number of other research reports. Beacon Securities reissued a “buy” rating on shares of CGI Group in a research note on Wednesday, May 3rd. BidaskClub raised shares of CGI Group from a “hold” rating to a “buy” rating in a research note on Thursday, June 29th. Barclays PLC reissued an “overweight” rating and set a $60.00 target price (up previously from $55.00) on shares of CGI Group in a research note on Thursday. Finally, Zacks Investment Research raised shares of CGI Group from a “sell” rating to a “buy” rating and set a $57.00 target price for the company in a research note on Tuesday, July 4th. One research analyst has rated the stock with a sell rating, three have given a hold rating, five have assigned a buy rating and one has assigned a strong buy rating to the stock. The stock presently has an average rating of “Buy” and an average price target of $61.00.
COPYRIGHT VIOLATION NOTICE: “CGI Group, Inc. (NYSE:GIB) Expected to Earn Q4 2017 Earnings of $0.77 Per Share” was published by American Banking News and is the property of of American Banking News. If you are reading this story on another site, it was stolen and republished in violation of United States and international copyright and trademark legislation. The legal version of this story can be viewed at https://www.americanbankingnews.com/2017/08/07/cgi-group-inc-nysegib-expected-to-earn-q4-2017-earnings-of-0-77-per-share.html.
CGI Group (GIB) opened at 51.45 on Monday. CGI Group has a one year low of $45.73 and a one year high of $53.65. The firm has a market cap of $15.14 billion, a price-to-earnings ratio of 18.00 and a beta of 0.93. The stock has a 50 day moving average of $51.60 and a 200 day moving average of $48.95.
CGI Group (NYSE:GIB) (TSE:GIB.A) last announced its quarterly earnings results on Wednesday, August 2nd. The technology company reported $0.70 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.71 by $0.01. CGI Group had a net margin of 10.18% and a return on equity of 17.10%. The firm had revenue of $2.84 billion during the quarter, compared to analyst estimates of $2.78 billion. During the same period last year, the firm earned $0.89 EPS. CGI Group’s quarterly revenue was up 6.4% on a year-over-year basis.
A number of large investors have recently bought and sold shares of GIB. US Bancorp DE increased its stake in CGI Group by 2.4% in the first quarter. US Bancorp DE now owns 2,215 shares of the technology company’s stock valued at $106,000 after buying an additional 52 shares during the period. Quantbot Technologies LP bought a new stake in CGI Group during the first quarter valued at $173,000. Quantitative Systematic Strategies LLC bought a new stake in CGI Group during the second quarter valued at $202,000. Campbell & CO Investment Adviser LLC bought a new stake in CGI Group during the first quarter valued at $205,000. Finally, Marshall Wace North America L.P. bought a new stake in CGI Group during the second quarter valued at $214,000. 63.36% of the stock is owned by hedge funds and other institutional investors.
CGI Group Company Profile
CGI Group Inc (CGI), directly or through its subsidiaries, manages information technology (IT) services, as well as business process services (BPS). The Company’s services include the management of IT and business functions (outsourcing), systems integration and consulting, as well as the sale of software solutions.
Receive News & Ratings for CGI Group Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for CGI Group Inc. and related companies with MarketBeat.com's FREE daily email newsletter.