Colliers International Group (CIGI) to Release Earnings on Thursday

Colliers International Group (NASDAQ:CIGI) (TSE:CIGI) is expected to post 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. Parties interested in participating in the company’s conference call can do so using this link.

Colliers International Group (NASDAQ:CIGI) (TSE:CIGI) last announced its earnings results on Tuesday, November 5th. The financial services provider reported $1.32 earnings per share for the quarter, missing analysts’ consensus estimates 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 firm had revenue of $1.18 billion for the quarter, compared to the consensus estimate of $1.17 billion. During the same period in the prior year, the business earned $1.10 EPS. Colliers International Group’s quarterly revenue 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 Down 2.1 %

CIGI opened at $139.30 on Tuesday. The company has a market cap of $6.86 billion, a P/E ratio of 44.36 and a beta of 1.49. The company has a fifty day moving average price of $141.25 and a two-hundred day moving average price of $143.38. Colliers International Group has a 1-year low of $101.01 and a 1-year high of $156.96. The company has a current ratio of 1.17, a quick ratio of 1.17 and a debt-to-equity ratio of 1.42.

Colliers International Group Announces Dividend

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

Wall Street Analysts Forecast Growth

Several research firms have issued reports on CIGI. Scotiabank lowered 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. Royal Bank of Canada raised their target price on shares of Colliers International Group from $160.00 to $174.00 and gave the stock an “outperform” rating in a research report on Monday, October 21st. Raymond James lifted their target price on shares of Colliers International Group from $160.00 to $175.00 and gave the stock an “outperform” rating in a report on Thursday, January 30th. StockNews.com lowered shares of Colliers International Group from a “buy” rating to a “hold” rating in a research report on Tuesday, October 8th. Finally, The Goldman Sachs Group initiated coverage on shares of Colliers International Group in a report on Friday, December 6th. They issued a “neutral” rating and a $170.00 target price on the stock. Four investment analysts have rated the stock with a hold rating, five have issued a buy rating and one has given a strong buy rating to the stock. According to MarketBeat, Colliers International Group currently has an average rating of “Moderate Buy” and an average price target of $164.63.

Colliers International Group Company Profile

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.