Colliers International Group (CIGI) to Release Quarterly Earnings on Thursday

Colliers International Group (NASDAQ:CIGI - Get Free Report) TSE: CIGI is anticipated 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. Colliers International Group has set its FY 2024 guidance at 5.670-5.990 EPS.Persons that are interested in registering for the company's earnings conference call can do so using this link.

Colliers International Group (NASDAQ:CIGI - Get Free Report) TSE: CIGI last announced its quarterly earnings data on Tuesday, November 5th. The financial services provider reported $1.32 EPS 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 analysts' expectations of $1.17 billion. During the same quarter in the previous year, the company posted $1.10 EPS. The firm's quarterly revenue was up 11.7% compared to the same quarter last year. 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 Stock Performance

Shares of Colliers International Group stock traded up $2.43 on Thursday, reaching $143.19. 101,013 shares of the stock were exchanged, compared to its average volume of 89,508. The firm has a market capitalization of $7.22 billion, a PE ratio of 45.60 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 business has a fifty day moving average price of $141.63 and a two-hundred day moving average price of $143.01. 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 firm also recently declared a semi-annual dividend, which was paid on Tuesday, January 14th. Stockholders of record on Tuesday, December 31st were issued a $0.15 dividend. The ex-dividend date of this dividend was Tuesday, December 31st. This represents a dividend yield of 0.2%. Colliers International Group's dividend payout ratio is currently 9.55%.

Analyst Upgrades and Downgrades

A number of brokerages have recently issued reports on CIGI. Scotiabank cut their price target on shares of Colliers International Group from $172.50 to $170.00 and set a "sector outperform" rating for the company in a report on Tuesday. National Bank Financial raised Colliers International Group from a "hold" rating to a "strong-buy" rating in a research note on Tuesday, November 5th. The Goldman Sachs Group initiated coverage on shares of Colliers International Group in a research note on Friday, December 6th. They set a "neutral" rating and a $170.00 price objective on the stock. StockNews.com lowered Colliers International Group from a "buy" rating to a "hold" rating in a research note on Tuesday, October 8th. Finally, Raymond James upped 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. Four investment analysts have rated the stock with a hold rating, five have issued a buy rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat, the company 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.