Canaccord Genuity Group Inc. (TSE:CF – Get Rating) – Cormark lowered their Q1 2023 earnings estimates for Canaccord Genuity Group in a note issued to investors on Monday, June 6th. Cormark analyst J. Fenwick now forecasts that the financial services provider will post earnings per share of $0.34 for the quarter, down from their prior estimate of $0.35. Cormark currently has a “Buy” rating and a $14.50 target price on the stock. Cormark also issued estimates for Canaccord Genuity Group’s Q2 2023 earnings at $0.40 EPS, FY2023 earnings at $1.67 EPS, Q1 2024 earnings at $0.50 EPS, Q2 2024 earnings at $0.52 EPS, Q3 2024 earnings at $0.53 EPS, Q4 2024 earnings at $0.50 EPS and FY2024 earnings at $2.05 EPS.
Separately, TD Securities decreased their price objective on shares of Canaccord Genuity Group from C$18.00 to C$14.00 and set a “buy” rating on the stock in a research report on Monday.
The company also recently disclosed a quarterly dividend, which will be paid on Thursday, June 30th. Stockholders of record on Friday, June 17th will be given a dividend of $0.085 per share. The ex-dividend date is Thursday, June 16th. This represents a $0.34 annualized dividend and a dividend yield of 3.16%. Canaccord Genuity Group’s payout ratio is 10.36%.
Canaccord Genuity Group Company Profile (Get Rating)
Canaccord Genuity Group Inc, a full-service financial services company, provides investment solutions, and brokerage and investment banking services to individual, institutional, corporate, and government clients. It operates in two segments, Canaccord Genuity Capital Markets and Canaccord Genuity Wealth Management.
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