Colliers International Group (CIGI) Projected to Post Quarterly Earnings on Thursday

Colliers International Group (NASDAQ:CIGI) (TSE:CIGI) is expected to be posting its quarterly earnings results before the market opens on Thursday, February 6th. Analysts expect Colliers International Group to post earnings of $2.40 per share and revenue of $1.44 billion for the quarter. Individual that are interested in registering for the company’s earnings conference call can do so using this link.

Colliers International Group (NASDAQ:CIGI) (TSE:CIGI) last posted its quarterly earnings data on Tuesday, November 5th. The financial services provider reported $1.32 earnings per share for the quarter, missing the consensus estimate of $1.49 by ($0.17). Colliers International Group had a return on equity of 21.78% and a net margin of 3.38%. The business had revenue of $1.18 billion during the quarter, compared to analysts’ expectations of $1.17 billion. During the same period in the prior year, the firm posted $1.10 EPS. The firm’s revenue for the quarter was up 11.7% on a year-over-year basis. On average, analysts expect Colliers International Group to post $5 EPS for the current fiscal year and $7 EPS for the next fiscal year.

Colliers International Group Trading Up 2.9 %

Shares of Colliers International Group stock opened at $143.31 on Wednesday. The firm has a market cap of $7.06 billion, a PE ratio of 45.64 and a beta of 1.49. Colliers International Group has a 1 year low of $101.01 and a 1 year high of $156.96. The company has a debt-to-equity ratio of 1.42, a current ratio of 1.17 and a quick ratio of 1.17. The stock has a fifty day moving average price of $141.09 and a 200-day moving average price of $143.47.

Colliers International Group Announces Dividend

The business also recently declared a semi-annual dividend, which was paid on Tuesday, January 14th. Investors of record on Tuesday, December 31st were given a dividend of $0.15 per share. The ex-dividend date was Tuesday, December 31st. This represents a yield of 0.2%. Colliers International Group’s payout ratio is currently 9.55%.

Analyst Ratings Changes

A number of research analysts have weighed in on the stock. Scotiabank dropped their target price on shares of Colliers International Group from $172.50 to $170.00 and set a “sector outperform” rating on the stock in a research note on Tuesday, January 28th. JPMorgan Chase & Co. began coverage on Colliers International Group in a research note on Monday, December 16th. They issued a “neutral” rating and a $167.00 price objective on the stock. The Goldman Sachs Group assumed coverage on Colliers International Group in a research report on Friday, December 6th. They issued a “neutral” rating and a $170.00 target price for the company. StockNews.com cut Colliers International Group from a “buy” rating to a “hold” rating in a research report on Tuesday, October 8th. Finally, Raymond James lifted their price objective on Colliers International Group from $160.00 to $175.00 and gave the stock an “outperform” rating in a report on Thursday, January 30th. Four analysts have rated the stock with a hold rating, five have issued a buy rating and one has issued a strong buy rating to the company. According to data from MarketBeat.com, Colliers International Group presently has an average rating of “Moderate Buy” and a consensus price target of $164.63.

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.