Colliers International Group (CIGI) Projected to Post Quarterly Earnings on Thursday

Colliers International Group (NASDAQ:CIGI) (TSE:CIGI) is expected to release its earnings data before the market opens on Thursday, February 6th. Analysts expect Colliers International Group to post earnings of $2.40 per share and revenue of $1.44 billion for the quarter. Investors interested in registering for the company’s conference call can do so using this link.

Colliers International Group (NASDAQ:CIGI) (TSE:CIGI) last posted its quarterly earnings results on Tuesday, November 5th. The financial services provider reported $1.32 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $1.49 by ($0.17). Colliers International Group had a return on equity of 21.78% and a net margin of 3.38%. The business had revenue of $1.18 billion for the quarter, compared to the consensus estimate of $1.17 billion. During the same quarter in the previous year, the company posted $1.10 earnings per share. Colliers International Group’s quarterly revenue was up 11.7% on a year-over-year basis. On average, analysts expect Colliers International Group to post $5 EPS for the current fiscal year and $7 EPS for the next fiscal year.

Colliers International Group Price Performance

Shares of NASDAQ:CIGI opened at $139.30 on Tuesday. Colliers International Group has a 1-year low of $101.01 and a 1-year high of $156.96. The stock has a market cap of $6.86 billion, a PE ratio of 44.36 and a beta of 1.49. The stock’s fifty day simple moving average is $141.25 and its two-hundred day simple moving average is $143.38. The company has a current ratio of 1.17, a quick ratio of 1.17 and a debt-to-equity ratio of 1.42.

Colliers International Group Dividend Announcement

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

Wall Street Analysts Forecast Growth

CIGI has been the subject of several recent analyst reports. The Goldman Sachs Group started coverage on Colliers International Group in a research report on Friday, December 6th. They set a “neutral” rating and a $170.00 price objective on the stock. StockNews.com lowered shares of Colliers International Group from a “buy” rating to a “hold” rating in a report on Tuesday, October 8th. Royal Bank of Canada increased their price objective on shares of Colliers International Group from $160.00 to $174.00 and gave the stock an “outperform” rating in a research report on Monday, October 21st. Raymond James raised their price objective on Colliers International Group from $160.00 to $175.00 and gave the stock an “outperform” rating in a report on Thursday, January 30th. Finally, Scotiabank cut their price objective on shares of Colliers International Group from $172.50 to $170.00 and set a “sector outperform” rating on the stock in a research report on Tuesday, January 28th. Four 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 company. Based on data from MarketBeat, Colliers International Group currently has an average rating of “Moderate Buy” and an average target price of $164.63.

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.