Stifel Canada Issues Pessimistic Estimate for CIGI Earnings

Colliers International Group Inc. (NASDAQ:CIGI) (TSE:CIGI) – Equities research analysts at Stifel Canada lowered their FY2025 earnings estimates for shares of Colliers International Group in a report issued on Monday, January 13th. Stifel Canada analyst D. Young now anticipates that the financial services provider will earn $6.41 per share for the year, down from their previous estimate of $6.59. The consensus estimate for Colliers International Group’s current full-year earnings is $5.44 per share.

A number of other analysts also recently weighed in on the stock. StockNews.com downgraded shares of Colliers International Group from a “buy” rating to a “hold” rating in a report on Tuesday, October 8th. National Bank Financial raised Colliers International Group from a “hold” rating to a “strong-buy” rating in a research note on Tuesday, November 5th. The Goldman Sachs Group assumed coverage on Colliers International Group in a report on Friday, December 6th. They issued a “neutral” rating and a $170.00 target price for the company. Royal Bank of Canada boosted their price objective on shares of Colliers International Group from $160.00 to $174.00 and gave the company an “outperform” rating in a research report on Monday, October 21st. Finally, JPMorgan Chase & Co. started coverage on shares of Colliers International Group in a report on Monday, December 16th. They issued a “neutral” rating and a $167.00 target price for the company. Four equities research analysts have rated the stock with a hold rating, five have issued a buy rating and one has given a strong buy rating to the stock. According to MarketBeat, the company currently has an average rating of “Moderate Buy” and an average price target of $162.44.

Colliers International Group Trading Down 0.6 %

Shares of CIGI opened at $127.73 on Wednesday. The stock has a market capitalization of $6.44 billion, a PE ratio of 40.68 and a beta of 1.49. The company’s fifty day moving average is $143.23 and its 200 day moving average is $141.22. The company has a debt-to-equity ratio of 1.42, a quick ratio of 1.17 and a current ratio of 1.17. Colliers International Group has a fifty-two week low of $101.01 and a fifty-two week high of $156.96.

Colliers International Group (NASDAQ:CIGI) (TSE:CIGI) last posted its earnings results on Tuesday, November 5th. The financial services provider reported $1.32 EPS for the quarter, missing analysts’ consensus estimates of $1.49 by ($0.17). The firm had revenue of $1.18 billion during the quarter, compared to analysts’ expectations of $1.17 billion. Colliers International Group had a return on equity of 21.78% and a net margin of 3.38%. Colliers International Group’s quarterly revenue was up 11.7% on a year-over-year basis. During the same quarter in the prior year, the firm posted $1.10 earnings per share.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently bought and sold shares of the company. Whittier Trust Co. of Nevada Inc. lifted its stake in Colliers International Group by 26.4% in the third quarter. Whittier Trust Co. of Nevada Inc. now owns 593 shares of the financial services provider’s stock worth $90,000 after acquiring an additional 124 shares during the period. Plato Investment Management Ltd purchased a new stake in Colliers International Group during the third quarter worth $112,000. Blue Trust Inc. increased its holdings in shares of Colliers International Group by 197.8% in the 3rd quarter. Blue Trust Inc. now owns 932 shares of the financial services provider’s stock valued at $141,000 after acquiring an additional 619 shares during the period. Stonegate Investment Group LLC bought a new position in shares of Colliers International Group in the 3rd quarter worth $264,000. Finally, HighTower Advisors LLC boosted its position in Colliers International Group by 13.6% during the third quarter. HighTower Advisors LLC now owns 2,119 shares of the financial services provider’s stock valued at $323,000 after purchasing an additional 254 shares in the last quarter. Institutional investors own 80.09% of the company’s stock.

Colliers International Group Dividend Announcement

The company also recently declared a semi-annual dividend, which was paid on Tuesday, January 14th. Investors of record on Tuesday, December 31st were issued a $0.15 dividend. The ex-dividend date was Tuesday, December 31st. This represents a dividend yield of 0.2%. Colliers International Group’s payout ratio is 9.55%.

Colliers International Group Company Profile

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.