CI Financial (CIX) Set to Announce Earnings on Thursday

CI Financial (TSE:CIX - Get Free Report) is set to post its quarterly earnings results before the market opens on Thursday, November 14th.

CI Financial (TSE:CIX - Get Free Report) last released its earnings results on Thursday, August 8th. The company reported C$0.90 earnings per share (EPS) for the quarter. The firm had revenue of C$985.96 million for the quarter. CI Financial had a negative return on equity of 4.48% and a negative net margin of 1.54%.

CI Financial Stock Performance

CIX stock traded up C$0.03 during trading on Thursday, hitting C$23.86. 205,137 shares of the company traded hands, compared to its average volume of 427,108. The company has a market cap of C$3.37 billion, a PE ratio of -88.26, a P/E/G ratio of 0.04 and a beta of 1.67. The company has a debt-to-equity ratio of 577.47, a current ratio of 0.34 and a quick ratio of 0.17. The stock's 50-day simple moving average is C$19.47 and its 200 day simple moving average is C$16.88. CI Financial has a 1 year low of C$13.44 and a 1 year high of C$24.07.

Analyst Upgrades and Downgrades

A number of research firms recently commented on CIX. TD Securities decreased their price objective on CI Financial from C$21.00 to C$20.00 and set a "buy" rating on the stock in a report on Wednesday, July 17th. Jefferies Financial Group increased their target price on shares of CI Financial from C$20.00 to C$27.00 and gave the stock a "buy" rating in a report on Friday, November 1st. Four research analysts have rated the stock with a hold rating and four have assigned a buy rating to the stock. According to data from MarketBeat, CI Financial currently has an average rating of "Moderate Buy" and a consensus target price of C$20.25.

CI Financial Company Profile

CI Financial Corp. is a publicly owned asset management holding company. Through its subsidiaries, the firm manages separate client focused equity, fixed income, and alternative investments portfolios. It also manages mutual funds, hedge funds, and fund of funds for its clients through its subsidiaries.