CGI (GIB) Scheduled to Post Earnings on Wednesday

CGI (NYSE:GIB) (TSE:GIB.A) is scheduled to post its quarterly earnings results before the market opens on Wednesday, May 1st. Analysts expect CGI to post earnings of $1.45 per share for the quarter.

CGI (NYSE:GIB) (TSE:GIB.A) last issued its earnings results on Wednesday, January 31st. The technology company reported $1.34 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.31 by $0.03. CGI had a net margin of 11.34% and a return on equity of 20.65%. The firm had revenue of $2.65 billion for the quarter, compared to analysts’ expectations of $2.59 billion. On average, analysts expect CGI to post $6 EPS for the current fiscal year and $6 EPS for the next fiscal year.

CGI Stock Performance

Shares of NYSE GIB opened at $105.33 on Wednesday. The company has a quick ratio of 0.86, a current ratio of 1.11 and a debt-to-equity ratio of 0.22. The firm’s 50-day moving average price is $111.73 and its two-hundred day moving average price is $106.83. CGI has a 52-week low of $93.07 and a 52-week high of $118.89. The stock has a market capitalization of $24.47 billion, a P/E ratio of 20.53, a P/E/G ratio of 2.28 and a beta of 0.92.

Analyst Ratings Changes

Separately, StockNews.com cut CGI from a “buy” rating to a “hold” rating in a report on Monday, March 11th.

About CGI

CGI Inc, together with its subsidiaries, provides information technology (IT) and business process services. Its services include the business and strategic IT consulting, systems integration, and software solutions. The company also provides application development, modernization and maintenance, holistic enterprise digitization, automation, hybrid and cloud management, and business process services; intellectual property-based solutions; business consulting; managed IT services; and IT infrastructure services.