Brokers Issue Forecasts for CGI Q1 Earnings

CGI Inc. (NYSE:GIB - Free Report) TSE: GIB.A - Equities research analysts at National Bank Financial issued their Q1 2025 EPS estimates for CGI in a note issued to investors on Wednesday, November 6th. National Bank Financial analyst R. Tse expects that the technology company will post earnings of $1.43 per share for the quarter. The consensus estimate for CGI's current full-year earnings is $5.54 per share. National Bank Financial also issued estimates for CGI's FY2025 earnings at $6.05 EPS.

A number of other equities research analysts have also issued reports on GIB. Cibc World Mkts upgraded CGI from a "hold" rating to a "strong-buy" rating in a research note on Tuesday, October 15th. CIBC upgraded shares of CGI from a "neutral" rating to an "outperformer" rating and lifted their price objective for the company from $155.00 to $178.00 in a research note on Tuesday, October 15th. UBS Group initiated coverage on shares of CGI in a research report on Friday, July 19th. They set a "neutral" rating and a $112.00 target price on the stock. Sanford C. Bernstein raised shares of CGI to a "strong-buy" rating in a report on Thursday, August 1st. Finally, Jefferies Financial Group lifted their price target on shares of CGI from $120.00 to $121.00 and gave the stock a "buy" rating in a research note on Tuesday, July 16th. One equities research analyst has rated the stock with a sell rating, one has assigned a hold rating, two have assigned a buy rating and two have assigned a strong buy rating to the company. According to data from MarketBeat.com, the company has a consensus rating of "Moderate Buy" and a consensus target price of $137.00.

CGI Trading Down 1.2 %

GIB stock traded down $1.35 during midday trading on Friday, reaching $111.17. 99,961 shares of the company's stock traded hands, compared to its average volume of 148,027. CGI has a fifty-two week low of $96.92 and a fifty-two week high of $118.89. The business has a 50-day moving average price of $113.97 and a two-hundred day moving average price of $107.65. The company has a market capitalization of $25.34 billion, a P/E ratio of 20.66, a PEG ratio of 2.38 and a beta of 0.96. The company has a debt-to-equity ratio of 0.22, a current ratio of 1.16 and a quick ratio of 0.86.

CGI (NYSE:GIB - Get Free Report) TSE: GIB.A last issued its earnings results on Wednesday, November 6th. The technology company reported $1.41 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $1.38 by $0.03. The business had revenue of $2.68 billion during the quarter, compared to analysts' expectations of $2.62 billion. CGI had a return on equity of 20.21% and a net margin of 11.51%.

CGI Announces Dividend

The business also recently declared a -- dividend, which will be paid on Friday, December 20th. Investors of record on Wednesday, November 20th will be paid a $0.111 dividend. The ex-dividend date is Wednesday, November 20th. This represents a dividend yield of 0.4%. CGI's dividend payout ratio (DPR) is presently 2.04%.

Institutional Investors Weigh In On CGI

Institutional investors have recently modified their holdings of the stock. BNP Paribas Financial Markets bought a new stake in shares of CGI in the 1st quarter valued at approximately $423,000. Forsta AP Fonden increased its stake in CGI by 13.3% during the first quarter. Forsta AP Fonden now owns 51,000 shares of the technology company's stock valued at $5,632,000 after purchasing an additional 6,000 shares during the last quarter. Henry James International Management Inc. increased its stake in CGI by 7.2% during the first quarter. Henry James International Management Inc. now owns 82,029 shares of the technology company's stock valued at $9,063,000 after purchasing an additional 5,517 shares during the last quarter. Mitsubishi UFJ Trust & Banking Corp raised its holdings in shares of CGI by 3.7% during the first quarter. Mitsubishi UFJ Trust & Banking Corp now owns 141,968 shares of the technology company's stock worth $15,639,000 after purchasing an additional 5,100 shares during the period. Finally, Intech Investment Management LLC bought a new position in shares of CGI in the 1st quarter worth about $5,529,000. Institutional investors and hedge funds own 66.68% of the company's stock.

CGI Company Profile

CGI Inc, together with its subsidiaries, provides information technology (IT) and business process services. Its services include the business and strategic IT consulting, systems integration, and software solutions. The company also provides application development, modernization and maintenance, holistic enterprise digitization, automation, hybrid and cloud management, and business process services; intellectual property-based solutions; business consulting; managed IT services; and IT infrastructure services.