Colliers International Group (CIGI) Set to Announce Earnings on Thursday

Colliers International Group (NASDAQ:CIGI) (TSE:CIGI) is scheduled to be issuing its quarterly earnings data before the market opens on Thursday, May 2nd. Analysts expect the company to announce earnings of $0.88 per share for the quarter. Colliers International Group has set its FY24 guidance at $5.89-6.42 EPS and its FY 2024 guidance at 5.890-6.420 EPS.Parties interested in listening to the company’s conference call can do so using this link.

Colliers International Group (NASDAQ:CIGI) (TSE:CIGI) last released its earnings results on Thursday, February 8th. The financial services provider reported $1.83 EPS for the quarter, missing the consensus estimate of $1.84 by ($0.01). The firm had revenue of $1.24 billion during the quarter, compared to analyst estimates of $1.20 billion. Colliers International Group had a net margin of 1.51% and a return on equity of 32.94%. On average, analysts expect Colliers International Group to post $6 EPS for the current fiscal year and $7 EPS for the next fiscal year.

Colliers International Group Stock Down 0.8 %

NASDAQ CIGI opened at $109.00 on Thursday. The stock has a fifty day moving average of $118.52 and a 200-day moving average of $111.86. The stock has a market capitalization of $5.33 billion, a P/E ratio of 82.86 and a beta of 1.46. Colliers International Group has a 52 week low of $83.38 and a 52 week high of $131.05. The company has a debt-to-equity ratio of 1.76, a quick ratio of 1.02 and a current ratio of 1.02.

Wall Street Analyst Weigh In

Several equities research analysts have recently commented on the company. Stifel Nicolaus lifted their target price on Colliers International Group from $130.00 to $145.00 and gave the company a “buy” rating in a research note on Friday, February 2nd. Royal Bank of Canada restated an “outperform” rating and issued a $150.00 price target on shares of Colliers International Group in a research report on Thursday, February 29th. National Bankshares lowered Colliers International Group from an “outperform” rating to a “sector perform” rating and set a $125.00 price target on the stock. in a research report on Thursday, January 4th. BMO Capital Markets raised their price target on Colliers International Group from $129.00 to $137.00 and gave the stock an “outperform” rating in a research report on Friday, February 9th. Finally, Scotiabank reduced their price target on Colliers International Group from $140.00 to $135.00 and set a “sector outperform” rating on the stock in a research report on Wednesday, April 17th. Two equities research analysts have rated the stock with a hold rating, five have assigned a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average price target of $138.50.

About Colliers International Group

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. The company offers outsourcing and advisory services, such as engineering and project management, property management, valuation, and other services, as well as loan servicing for commercial real estate clients.