Wall Street brokerages expect that CGI Group Inc (NYSE:GIB) (TSE:GIB.A) will report earnings of $0.75 per share for the current quarter, Zacks Investment Research reports. Five analysts have issued estimates for CGI Group’s earnings, with the highest EPS estimate coming in at $0.79 and the lowest estimate coming in at $0.71. CGI Group reported earnings of $0.67 per share during the same quarter last year, which would suggest a positive year-over-year growth rate of 11.9%. The company is expected to report its next quarterly earnings results on Wednesday, February 7th.

According to Zacks, analysts expect that CGI Group will report full-year earnings of $3.15 per share for the current year, with EPS estimates ranging from $2.94 to $3.24. For the next financial year, analysts anticipate that the company will post earnings of $3.45 per share, with EPS estimates ranging from $3.33 to $3.63. Zacks Investment Research’s earnings per share averages are an average based on a survey of analysts that that provide coverage for CGI Group.

A number of research firms recently weighed in on GIB. Zacks Investment Research downgraded CGI Group from a “buy” rating to a “hold” rating in a research report on Friday, November 3rd. Scotiabank lifted their target price on CGI Group from $71.00 to $72.00 and gave the stock an “outperform” rating in a research report on Thursday, November 9th. Royal Bank Of Canada reissued an “outperform” rating and set a $85.00 target price (up from $75.00) on shares of CGI Group in a research report on Thursday, November 9th. Barclays reissued an “overweight” rating and set a $60.00 target price (up from $55.00) on shares of CGI Group in a research report on Thursday, August 3rd. Finally, BidaskClub downgraded CGI Group from a “buy” rating to a “hold” rating in a research report on Thursday, August 10th. One equities research analyst has rated the stock with a sell rating, four have given a hold rating and four have given a buy rating to the stock. CGI Group currently has a consensus rating of “Hold” and an average price target of $68.75.

CGI Group (NYSE GIB) traded down $0.10 during mid-day trading on Thursday, reaching $52.79. The company had a trading volume of 190,903 shares, compared to its average volume of 175,847. CGI Group has a fifty-two week low of $45.81 and a fifty-two week high of $54.42. The firm has a market capitalization of $15,839.62, a P/E ratio of 19.23, a PEG ratio of 1.90 and a beta of 0.91. The company has a current ratio of 1.06, a quick ratio of 0.72 and a debt-to-equity ratio of 0.29.

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Guardian Capital LP boosted its holdings in CGI Group by 1.9% during the third quarter. Guardian Capital LP now owns 3,369,589 shares of the technology company’s stock valued at $174,262,000 after purchasing an additional 64,252 shares in the last quarter. Bank of Nova Scotia Trust Co. boosted its holdings in CGI Group by 26.1% during the third quarter. Bank of Nova Scotia Trust Co. now owns 66,167 shares of the technology company’s stock valued at $3,432,000 after purchasing an additional 13,682 shares in the last quarter. Oppenheimer Asset Management Inc. boosted its holdings in CGI Group by 19.3% during the third quarter. Oppenheimer Asset Management Inc. now owns 17,226 shares of the technology company’s stock valued at $894,000 after purchasing an additional 2,788 shares in the last quarter. Lenox Wealth Management Inc. boosted its holdings in CGI Group by 31.5% during the third quarter. Lenox Wealth Management Inc. now owns 26,658 shares of the technology company’s stock valued at $1,382,000 after purchasing an additional 6,393 shares in the last quarter. Finally, AMP Capital Investors Ltd boosted its holdings in CGI Group by 12.1% during the third quarter. AMP Capital Investors Ltd now owns 149,877 shares of the technology company’s stock valued at $7,753,000 after purchasing an additional 16,214 shares in the last quarter. 57.46% of the stock is currently owned by institutional investors.

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About CGI Group

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.

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Earnings History and Estimates for CGI Group (NYSE:GIB)

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