Equities Analysts Set Expectations for Canaccord Genuity Group Inc.’s Q3 2024 Earnings (TSE:CF)

Canaccord Genuity Group Inc. (TSE:CF) – Equities researchers at Raymond James dropped their Q3 2024 EPS estimates for shares of Canaccord Genuity Group in a note issued to investors on Wednesday, November 15th. Raymond James analyst S. Boland now forecasts that the financial services provider will earn $0.10 per share for the quarter, down from their prior forecast of $0.14. Raymond James currently has a “Strong-Buy” rating and a $11.00 target price on the stock. The consensus estimate for Canaccord Genuity Group’s current full-year earnings is $0.52 per share. Raymond James also issued estimates for Canaccord Genuity Group’s FY2024 earnings at $0.39 EPS.

Separately, TD Securities lowered shares of Canaccord Genuity Group from a “buy” rating to a “hold” rating and reduced their target price for the stock from C$10.00 to C$8.50 in a report on Thursday. Two equities research analysts have rated the stock with a hold rating, two have issued a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average price target of C$9.91.

Canaccord Genuity Group Stock Performance

Shares of CF stock opened at C$7.02 on Friday. The company has a debt-to-equity ratio of 36.44, a quick ratio of 1.05 and a current ratio of 1.23. The company has a market capitalization of C$699.47 million, a price-to-earnings ratio of -6.00, a price-to-earnings-growth ratio of 0.54 and a beta of 1.65. The company’s 50-day moving average is C$7.65 and its 200 day moving average is C$8.33. Canaccord Genuity Group has a one year low of C$6.50 and a one year high of C$11.80.

Canaccord Genuity Group Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Friday, December 15th. Stockholders of record on Friday, December 1st will be given a dividend of $0.085 per share. The ex-dividend date of this dividend is Thursday, November 30th. This represents a $0.34 dividend on an annualized basis and a dividend yield of 4.84%. Canaccord Genuity Group’s dividend payout ratio (DPR) is -29.06%.

Canaccord Genuity Group Company Profile

Canaccord Genuity Group Inc, a full-service financial services company, provides investment products, and investment banking and brokerage services to institutional, corporate, and private clients. It operates in two segments, Canaccord Genuity Capital Markets and Canaccord Genuity Wealth Management.