CGI (GIB) to Release Earnings on Wednesday

CGI (NYSE:GIB - Get Free Report) TSE: GIB.A is set to post its quarterly earnings results before the market opens on Wednesday, November 6th. Analysts expect CGI to post earnings of $1.39 per share for the quarter.

CGI (NYSE:GIB - Get Free Report) TSE: GIB.A last posted its quarterly earnings results on Wednesday, July 31st. The technology company reported $1.40 earnings per share for the quarter, meeting the consensus estimate of $1.40. The firm had revenue of $2.68 billion for the quarter, compared to analyst estimates of $2.67 billion. CGI had a return on equity of 20.21% and a net margin of 11.51%. On average, analysts expect CGI to post $6 EPS for the current fiscal year and $6 EPS for the next fiscal year.

CGI Stock Down 1.4 %

NYSE:GIB traded down $1.56 during trading hours on Wednesday, hitting $112.57. 136,272 shares of the company's stock traded hands, compared to its average volume of 148,119. The firm has a market cap of $25.98 billion, a P/E ratio of 21.69, a P/E/G ratio of 2.41 and a beta of 0.95. CGI has a twelve month low of $95.68 and a twelve month high of $118.89. The company has a debt-to-equity ratio of 0.22, a quick ratio of 0.86 and a current ratio of 1.16. The stock's fifty day moving average price is $113.73 and its two-hundred day moving average price is $107.26.

Analysts Set New Price Targets

Several analysts have recently issued reports on the company. CIBC upgraded CGI from a "neutral" rating to an "outperformer" rating and upped their price target for the stock from $155.00 to $178.00 in a research note on Tuesday, October 15th. Jefferies Financial Group increased their target price on CGI from $120.00 to $121.00 and gave the company a "buy" rating in a research note on Tuesday, July 16th. UBS Group began coverage on CGI in a research note on Friday, July 19th. They set a "neutral" rating and a $112.00 target price for the company. Sanford C. Bernstein raised CGI to a "strong-buy" rating in a report on Thursday, August 1st. Finally, Cibc World Mkts upgraded CGI from a "hold" rating to a "strong-buy" rating in a research report on Tuesday, October 15th. Two research analysts have rated the stock with a hold rating, two have issued a buy rating and two have given a strong buy rating to the stock. According to MarketBeat.com, the company currently has an average rating of "Buy" and a consensus price target of $137.00.

About CGI

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.