FY2025 EPS Estimates for IGM Financial Increased by Analyst

IGM Financial Inc. (TSE:IGM) – National Bank Financial increased their FY2025 earnings per share estimates for shares of IGM Financial in a report issued on Sunday, February 2nd. National Bank Financial analyst J. Gloyn now forecasts that the financial services provider will post earnings of $4.44 per share for the year, up from their previous forecast of $4.43. The consensus estimate for IGM Financial’s current full-year earnings is $4.01 per share. National Bank Financial also issued estimates for IGM Financial’s FY2026 earnings at $4.83 EPS.

IGM Financial (TSE:IGM) last posted its earnings results on Thursday, November 7th. The financial services provider reported C$1.01 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of C$1.03 by C($0.02). IGM Financial had a net margin of 29.47% and a return on equity of 12.80%. During the same period in the previous year, the business posted $0.89 earnings per share.

Other equities analysts also recently issued reports about the company. National Bankshares lifted their price target on IGM Financial from C$47.00 to C$50.00 and gave the stock an “outperform” rating in a research note on Wednesday, October 30th. BMO Capital Markets boosted their price objective on IGM Financial from C$43.00 to C$47.00 in a research report on Monday, November 11th. TD Securities boosted their price objective on IGM Financial from C$46.00 to C$50.00 in a research report on Monday, November 11th. Scotiabank boosted their price objective on IGM Financial from C$53.00 to C$56.00 in a research report on Friday, November 8th. Finally, CIBC boosted their target price on IGM Financial from C$47.00 to C$50.00 in a report on Friday, November 8th. Three analysts have rated the stock with a hold rating and three have issued a buy rating to the company. According to MarketBeat, IGM Financial has an average rating of “Moderate Buy” and an average price target of C$49.29.

IGM Financial Stock Down 4.8 %

Shares of TSE IGM opened at C$44.37 on Tuesday. IGM Financial has a 1 year low of C$32.95 and a 1 year high of C$47.96. The firm has a market cap of C$10.50 billion, a price-to-earnings ratio of 12.50, a PEG ratio of 4.09 and a beta of 1.53. The company has a debt-to-equity ratio of 35.99, a quick ratio of 0.31 and a current ratio of 2.12. The stock’s 50-day simple moving average is C$46.16 and its 200-day simple moving average is C$42.50.

IGM Financial Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Friday, January 31st. Stockholders of record on Tuesday, December 31st were issued a dividend of $0.563 per share. This represents a $2.25 annualized dividend and a dividend yield of 5.08%. The ex-dividend date was Tuesday, December 31st. IGM Financial’s dividend payout ratio is currently 63.38%.

About IGM Financial

IGM Financial Inc operates as a wealth and asset management company in Canada. It operates through Wealth Management and Asset Management segments. The Wealth Management segment offers investments that are focused on providing financial planning and related services; and provides mutual fund management and discretionary portfolio management services.