Wall Street analysts expect CGI Inc. (NYSE:GIB) (TSE:GIB.A) to report $2.52 billion in sales for the current fiscal quarter, according to Zacks. Two analysts have issued estimates for CGI’s earnings. CGI reported sales of $2.20 billion during the same quarter last year, which indicates a positive year-over-year growth rate of 14.5%. The firm is expected to issue its next earnings results on Wednesday, August 4th.
According to Zacks, analysts expect that CGI will report full year sales of $9.84 billion for the current year, with estimates ranging from $9.80 billion to $9.87 billion. For the next financial year, analysts anticipate that the company will report sales of $10.19 billion, with estimates ranging from $10.15 billion to $10.23 billion. Zacks Investment Research’s sales averages are a mean average based on a survey of analysts that that provide coverage for CGI.
CGI (NYSE:GIB) (TSE:GIB.A) last announced its earnings results on Tuesday, April 27th. The technology company reported $1.35 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $1.03 by $0.32. CGI had a net margin of 9.20% and a return on equity of 18.58%. The firm had revenue of $3.08 billion for the quarter, compared to analyst estimates of $3.09 billion. During the same quarter in the prior year, the business posted $1.26 EPS. The business’s revenue was down 1.7% compared to the same quarter last year.
Hedge funds have recently added to or reduced their stakes in the company. Guardian Capital LP raised its stake in shares of CGI by 1.5% during the fourth quarter. Guardian Capital LP now owns 1,677,953 shares of the technology company’s stock valued at $133,011,000 after acquiring an additional 25,058 shares during the last quarter. Amundi Pioneer Asset Management Inc. raised its stake in shares of CGI by 66.9% during the fourth quarter. Amundi Pioneer Asset Management Inc. now owns 233,827 shares of the technology company’s stock valued at $18,547,000 after acquiring an additional 93,733 shares during the last quarter. Oxler Private Wealth LLC bought a new position in shares of CGI during the fourth quarter valued at $618,000. Healthcare of Ontario Pension Plan Trust Fund raised its stake in shares of CGI by 510.1% during the fourth quarter. Healthcare of Ontario Pension Plan Trust Fund now owns 10,743 shares of the technology company’s stock valued at $853,000 after acquiring an additional 8,982 shares during the last quarter. Finally, Credit Suisse AG raised its stake in shares of CGI by 2.3% during the fourth quarter. Credit Suisse AG now owns 545,357 shares of the technology company’s stock valued at $43,253,000 after acquiring an additional 12,266 shares during the last quarter. 51.30% of the stock is owned by hedge funds and other institutional investors.
Shares of NYSE GIB traded up $0.38 during trading hours on Friday, hitting $89.26. 10,100 shares of the stock were exchanged, compared to its average volume of 145,606. The company has a debt-to-equity ratio of 0.45, a quick ratio of 1.06 and a current ratio of 1.35. The company has a market cap of $22.65 billion, a PE ratio of 28.39, a price-to-earnings-growth ratio of 2.33 and a beta of 1.03. The company’s fifty day simple moving average is $84.31 and its two-hundred day simple moving average is $77.36. CGI has a 1-year low of $58.60 and a 1-year high of $89.61.
CGI Inc, together with its subsidiaries, provides information technology (IT) and business process services in Canada; Western, Southern, Central, and Eastern Europe; Australia; Scandinavia; Finland, Poland, and Baltics; the United States; the United Kingdom; and the Asia Pacific. Its services include the management of IT and business outsourcing, systems integration and consulting, and software solutions selling activities.
Recommended Story: Stocks at 52 Week High
For more information about research offerings from Zacks Investment Research, visit Zacks.com
Receive News & Ratings for CGI Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for CGI and related companies with MarketBeat.com's FREE daily email newsletter.