IGM Financial (IGM) to Release Earnings on Thursday

IGM Financial (TSE:IGM - Get Free Report) will be posting its quarterly earnings results after the market closes on Thursday, November 7th. Analysts expect IGM Financial to post earnings of C$1.02 per share for the quarter.

IGM Financial (TSE:IGM - Get Free Report) last issued its quarterly earnings data on Wednesday, August 7th. The financial services provider reported C$0.93 earnings per share (EPS) for the quarter, missing the consensus estimate of C$0.95 by C($0.02). IGM Financial had a return on equity of 12.80% and a net margin of 29.47%. The business had revenue of C$816.31 million for the quarter, compared to analyst estimates of C$826.00 million.

IGM Financial Stock Performance

IGM stock traded down C$1.02 on Thursday, reaching C$41.83. The company's stock had a trading volume of 480,822 shares, compared to its average volume of 241,565. IGM Financial has a 52 week low of C$30.92 and a 52 week high of C$43.07. The company has a debt-to-equity ratio of 35.99, a current ratio of 2.12 and a quick ratio of 0.31. The company has a market capitalization of C$9.90 billion, a P/E ratio of 11.85, a price-to-earnings-growth ratio of 4.09 and a beta of 1.53. The firm has a fifty day moving average of C$40.33 and a two-hundred day moving average of C$38.18.

IGM Financial Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Thursday, October 31st. Stockholders of record on Thursday, October 31st will be paid a $0.563 dividend. The ex-dividend date of this dividend is Friday, September 27th. This represents a $2.25 annualized dividend and a dividend yield of 5.38%. IGM Financial's payout ratio is 63.38%.

Wall Street Analyst Weigh In

Several equities research analysts recently weighed in on IGM shares. BMO Capital Markets reduced their price objective on shares of IGM Financial from C$40.00 to C$39.00 in a report on Friday, August 9th. Royal Bank of Canada increased their price objective on shares of IGM Financial from C$46.00 to C$47.00 in a report on Thursday, August 8th. Scotiabank boosted their target price on IGM Financial from C$45.00 to C$46.00 in a report on Wednesday, July 24th. Jefferies Financial Group increased their price target on IGM Financial from C$38.00 to C$39.00 and gave the company a "buy" rating in a research note on Monday, July 29th. Finally, National Bankshares boosted their price objective on IGM Financial from C$47.00 to C$50.00 and gave the stock an "outperform" rating in a research note on Wednesday. Two equities research analysts have rated the stock with a hold rating and four have assigned a buy rating to the company's stock. According to MarketBeat, IGM Financial has an average rating of "Moderate Buy" and an average price target of C$44.14.

About IGM Financial

IGM Financial Inc operates as a wealth and asset management company in Canada. It operates through Wealth Management and Asset Management segments. The Wealth Management segment offers investments that are focused on providing financial planning and related services; and provides mutual fund management and discretionary portfolio management services.