Equities research analysts predict that Colliers International Group Inc. (NASDAQ:CIGI – Get Rating) (TSE:CIGI) will post $1.04 billion in sales for the current quarter, according to Zacks Investment Research. Two analysts have provided estimates for Colliers International Group’s earnings, with the lowest sales estimate coming in at $1.04 billion and the highest estimate coming in at $1.05 billion. Colliers International Group posted sales of $945.99 million during the same quarter last year, which would indicate a positive year-over-year growth rate of 9.9%. The company is scheduled to announce its next quarterly earnings results on Monday, January 1st.
On average, analysts expect that Colliers International Group will report full year sales of $4.56 billion for the current year, with estimates ranging from $4.52 billion to $4.61 billion. For the next financial year, analysts anticipate that the company will report sales of $4.91 billion, with estimates ranging from $4.85 billion to $5.01 billion. Zacks’ sales calculations are a mean average based on a survey of sell-side analysts that follow Colliers International Group.
Colliers International Group (NASDAQ:CIGI – Get Rating) (TSE:CIGI) last announced its quarterly earnings results on Tuesday, May 3rd. The financial services provider reported $1.44 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.23 by $0.21. The business had revenue of $1.01 billion during the quarter, compared to analyst estimates of $905.20 million. Colliers International Group had a negative return on equity of 75.86% and a negative net margin of 9.58%. The firm’s revenue was up 30.2% on a year-over-year basis. During the same period in the previous year, the company earned $0.11 EPS.
Shares of Colliers International Group stock opened at $108.36 on Wednesday. The firm has a market cap of $4.59 billion, a price-to-earnings ratio of -11.25 and a beta of 1.49. The company has a debt-to-equity ratio of 1.77, a current ratio of 1.09 and a quick ratio of 1.01. Colliers International Group has a 52-week low of $104.35 and a 52-week high of $158.42. The stock has a 50-day simple moving average of $122.83 and a 200-day simple moving average of $136.44.
A number of hedge funds and other institutional investors have recently modified their holdings of CIGI. Royal Bank of Canada increased its position in Colliers International Group by 17.2% in the 3rd quarter. Royal Bank of Canada now owns 2,816,366 shares of the financial services provider’s stock worth $359,677,000 after buying an additional 412,417 shares during the period. Turtle Creek Asset Management Inc. bought a new position in Colliers International Group in the 3rd quarter worth approximately $45,601,000. Norges Bank bought a new stake in shares of Colliers International Group during the fourth quarter valued at approximately $47,324,000. FIL Ltd increased its position in shares of Colliers International Group by 9.3% during the third quarter. FIL Ltd now owns 3,564,880 shares of the financial services provider’s stock valued at $456,319,000 after purchasing an additional 304,424 shares during the period. Finally, American Century Companies Inc. increased its position in shares of Colliers International Group by 41.2% during the fourth quarter. American Century Companies Inc. now owns 446,607 shares of the financial services provider’s stock valued at $66,498,000 after purchasing an additional 130,422 shares during the period. 63.84% of the stock is currently owned by institutional investors.
Colliers International Group Company Profile (Get Rating)
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. It offers sales brokerage services, including real estate sales, debt origination and placement, equity capital raising, market value opinions, acquisition advisory, and transaction management services; and landlord and tenant representation services.
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