CI Financial (CIX) to Release Earnings on Thursday

CI Financial (TSE:CIX – Get Rating) will issue its quarterly earnings data before the market opens on Thursday, May 12th.

CI Financial (TSE:CIX – Get Rating) last announced its quarterly earnings results on Tuesday, February 22nd. The company reported C$0.87 earnings per share for the quarter, topping the consensus estimate of C$0.86 by C$0.01. The business had revenue of C$762.90 million during the quarter.

CIX stock opened at C$17.01 on Thursday. The company has a quick ratio of 0.23, a current ratio of 0.68 and a debt-to-equity ratio of 245.52. CI Financial has a twelve month low of C$16.50 and a twelve month high of C$30.88. The stock has a market capitalization of C$3.33 billion and a price-to-earnings ratio of 8.42. The firm’s fifty day simple moving average is C$19.30 and its two-hundred day simple moving average is C$23.90.

A number of research analysts have weighed in on CIX shares. TD Securities cut their price objective on shares of CI Financial from C$28.00 to C$24.00 and set a “hold” rating on the stock in a research report on Wednesday, February 23rd. CIBC cut their price objective on shares of CI Financial from C$31.00 to C$28.00 in a research report on Tuesday, April 26th. Barclays cut their price objective on shares of CI Financial from C$34.00 to C$29.00 and set an “overweight” rating on the stock in a research report on Wednesday, January 26th. Scotiabank cut their price objective on shares of CI Financial from C$27.00 to C$25.00 in a research report on Tuesday. Finally, Keefe, Bruyette & Woods cut their price objective on shares of CI Financial from C$36.00 to C$29.00 and set a “market perform” rating on the stock in a research report on Wednesday, February 23rd. Three investment analysts have rated the stock with a hold rating and four have assigned a buy rating to the company. According to data from MarketBeat, CI Financial presently has a consensus rating of “Buy” and an average price target of C$29.25.

CI Financial Company Profile (Get Rating)

CI Financial Corp. is a publicly owned asset management holding company. Through its subsidiaries, the firm manages separate client focused equity, fixed income, and alternative investments portfolios. It also manages mutual funds, hedge funds, and fund of funds for its clients through its subsidiaries.

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