Colliers International Group (NASDAQ:CIGI) Announces Quarterly Earnings Results, Misses Estimates By $0.53 EPS

Colliers International Group (NASDAQ:CIGI - Get Free Report) TSE: CIGI posted its earnings results on Thursday. The financial services provider reported $1.87 earnings per share for the quarter, missing the consensus estimate of $2.40 by ($0.53), Zacks reports. Colliers International Group had a net margin of 3.38% and a return on equity of 21.78%.

Colliers International Group Trading Down 10.7 %

CIGI traded down $15.61 on Thursday, reaching $130.31. 222,041 shares of the company's stock were exchanged, compared to its average volume of 100,825. The company has a market cap of $6.42 billion, a price-to-earnings ratio of 41.66 and a beta of 1.49. The company has a debt-to-equity ratio of 1.42, a quick ratio of 1.17 and a current ratio of 1.17. Colliers International Group has a twelve month low of $101.01 and a twelve month high of $156.96. The company's 50 day moving average is $140.95 and its 200-day moving average is $143.49.

Colliers International Group Dividend Announcement

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

Wall Street Analysts Forecast Growth

A number of equities research analysts have commented on CIGI shares. JPMorgan Chase & Co. started coverage on Colliers International Group in a report on Monday, December 16th. They set a "neutral" rating and a $167.00 target price on the stock. Raymond James upped their target price on shares of Colliers International Group from $160.00 to $175.00 and gave the company an "outperform" rating in a report on Thursday, January 30th. The Goldman Sachs Group started coverage on shares of Colliers International Group in a research report on Friday, December 6th. They issued a "neutral" rating and a $170.00 price objective for the company. 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. Finally, Scotiabank decreased their price objective on Colliers International Group from $172.50 to $170.00 and set a "sector outperform" rating on the stock in a report on Tuesday, January 28th. Four equities research 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. According to data from MarketBeat.com, the stock presently 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.

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