Colliers International Group Inc. (CIGI) to Release Earnings on Tuesday
Colliers International Group Inc. (NASDAQ:CIGI) (TSE:CIGI) is scheduled to release its earnings data before the market opens on Tuesday, October 31st. Analysts expect Colliers International Group to post earnings of $0.26 per share for the quarter.
Colliers International Group (NASDAQ:CIGI) (TSE:CIGI) last issued its quarterly earnings data on Tuesday, August 1st. The financial services provider reported $0.73 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.57 by $0.16. The firm had revenue of $544.20 million during the quarter, compared to the consensus estimate of $515.45 million. Colliers International Group had a return on equity of 49.70% and a net margin of 3.23%. The company’s quarterly revenue was up 12.8% on a year-over-year basis. During the same period last year, the company earned $0.63 EPS. On average, analysts expect Colliers International Group to post $1.72 EPS for the current fiscal year and $1.92 EPS for the next fiscal year.
Shares of Colliers International Group Inc. (NASDAQ:CIGI) traded down 0.74% during mid-day trading on Tuesday, hitting $54.00. The company had a trading volume of 40,700 shares. The firm has a 50-day moving average of $51.24 and a 200-day moving average of $52.16. Colliers International Group Inc. has a 12 month low of $34.20 and a 12 month high of $60.75. The company has a market cap of $2.10 billion, a PE ratio of 32.63 and a beta of 1.74.
Colliers International Group declared that its board has authorized a stock buyback program on Thursday, July 13th that allows the company to buyback 2,700,000 outstanding shares. This buyback authorization allows the financial services provider to purchase shares of its stock through open market purchases. Stock buyback programs are usually a sign that the company’s management believes its stock is undervalued.
Several equities analysts recently weighed in on the company. Raymond James Financial, Inc. reiterated an “outperform” rating and set a $75.00 target price (up from $59.00) on shares of Colliers International Group in a research report on Wednesday, August 2nd. Royal Bank Of Canada reiterated an “outperform” rating and set a $62.00 target price (up from $58.00) on shares of Colliers International Group in a research report on Tuesday, August 8th. BidaskClub upgraded Colliers International Group from a “buy” rating to a “strong-buy” rating in a research report on Friday, June 30th. Zacks Investment Research downgraded Colliers International Group from a “hold” rating to a “strong sell” rating in a research report on Monday, August 7th. Finally, ValuEngine downgraded Colliers International Group from a “buy” rating to a “hold” rating in a research report on Monday, October 2nd. Three equities research analysts have rated the stock with a hold rating and six have given a buy rating to the stock. The company presently has an average rating of “Buy” and an average price target of $68.88.
Colliers International Group Company Profile
Colliers International Group Inc is engaged in the provision of commercial real estate services. The Company offers services, including outsourcing and advisory services, lease brokerage and sales brokerage. Its segments include Americas; Europe, Middle East and Africa (EMEA); Asia Pacific, and Corporate.
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