FY2024 Earnings Estimate for CIGI Issued By Scotiabank

Colliers International Group Inc. (NASDAQ:CIGI - Free Report) TSE: CIGI - Equities researchers at Scotiabank dropped their FY2024 earnings per share estimates for shares of Colliers International Group in a research report issued to clients and investors on Wednesday, January 8th. Scotiabank analyst H. Gupta now anticipates that the financial services provider will post earnings per share of $5.40 for the year, down from their previous estimate of $5.58. Scotiabank currently has a "Sector Outperform" rating and a $167.50 target price on the stock. The consensus estimate for Colliers International Group's current full-year earnings is $5.44 per share. Scotiabank also issued estimates for Colliers International Group's FY2025 earnings at $6.49 EPS.

A number of other equities analysts have also weighed in on CIGI. JPMorgan Chase & Co. initiated coverage on shares of Colliers International Group in a research note on Monday, December 16th. They issued a "neutral" rating and a $167.00 target price for the company. BMO Capital Markets increased their price objective on Colliers International Group from $163.00 to $164.00 and gave the stock an "outperform" rating in a report on Friday, September 13th. The Goldman Sachs Group started coverage on Colliers International Group in a research note on Friday, December 6th. They issued a "neutral" rating and a $170.00 target price on the stock. StockNews.com cut shares of Colliers International Group from a "buy" rating to a "hold" rating in a research note on Tuesday, October 8th. Finally, National Bank Financial upgraded shares of Colliers International Group from a "hold" rating to a "strong-buy" rating in a report on Tuesday, November 5th. Four analysts have rated the stock with a hold rating, five have given a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat.com, the company has a consensus rating of "Moderate Buy" and an average price target of $162.44.

Colliers International Group Trading Down 2.9 %

CIGI traded down $3.95 during mid-day trading on Friday, hitting $130.86. The stock had a trading volume of 81,903 shares, compared to its average volume of 96,150. The stock's fifty day simple moving average is $144.59 and its 200-day simple moving average is $140.39. The firm has a market capitalization of $6.60 billion, a price-to-earnings ratio of 41.68 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 company has a debt-to-equity ratio of 1.42, a current ratio of 1.17 and a quick ratio of 1.17.

Colliers International Group (NASDAQ:CIGI - Get Free Report) TSE: CIGI last issued its earnings results on Tuesday, November 5th. The financial services provider reported $1.32 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $1.49 by ($0.17). The company had revenue of $1.18 billion for the quarter, compared to the consensus estimate of $1.17 billion. Colliers International Group had a return on equity of 21.78% and a net margin of 3.38%. Colliers International Group's quarterly revenue was up 11.7% on a year-over-year basis. During the same quarter last year, the business posted $1.10 EPS.

Colliers International Group Dividend Announcement

The company also recently disclosed a semi-annual dividend, which will be paid on Tuesday, January 14th. Stockholders of record on Tuesday, December 31st will be given a $0.15 dividend. This represents a dividend yield of 0.2%. The ex-dividend date of this dividend is Tuesday, December 31st. Colliers International Group's dividend payout ratio (DPR) is presently 9.55%.

Institutional Investors Weigh In On Colliers International Group

Hedge funds have recently bought and sold shares of the company. Franklin Resources Inc. raised its stake in Colliers International Group by 100.8% in the third quarter. Franklin Resources Inc. now owns 678,836 shares of the financial services provider's stock valued at $102,261,000 after buying an additional 340,691 shares during the period. Barclays PLC acquired a new stake in Colliers International Group during the 3rd quarter valued at $1,629,000. Public Employees Retirement System of Ohio bought a new position in Colliers International Group during the third quarter worth $3,543,000. National Bank of Canada FI boosted its position in Colliers International Group by 21.0% during the third quarter. National Bank of Canada FI now owns 84,362 shares of the financial services provider's stock worth $12,806,000 after purchasing an additional 14,633 shares during the period. Finally, Jane Street Group LLC increased its holdings in shares of Colliers International Group by 10.5% in the third quarter. Jane Street Group LLC now owns 34,916 shares of the financial services provider's stock valued at $5,299,000 after purchasing an additional 3,314 shares during the last quarter. 80.09% of the stock is currently owned by institutional investors and hedge funds.

About Colliers International Group

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.