Colliers International Group (NASDAQ:CIGI) (TSE:CIGI) posted its quarterly earnings data on Tuesday. The financial services provider reported $0.92 EPS for the quarter, beating the Zacks’ consensus estimate of $0.32 by $0.60, MarketWatch Earnings reports. Colliers International Group had a net margin of 2.66% and a return on equity of 29.50%. The business had revenue of $715.70 million for the quarter, compared to analyst estimates of $698.53 million. During the same quarter last year, the business earned $0.66 earnings per share. The business’s revenue for the quarter was up 15.7% on a year-over-year basis.
Colliers International Group stock traded up $3.31 during mid-day trading on Tuesday, hitting $65.55. The company’s stock had a trading volume of 8,391 shares, compared to its average volume of 33,557. The company has a debt-to-equity ratio of 1.27, a quick ratio of 1.11 and a current ratio of 1.11. The firm has a market cap of $2.40 billion, a price-to-earnings ratio of 21.78 and a beta of 1.43. Colliers International Group has a twelve month low of $46.60 and a twelve month high of $84.20.
A number of research analysts recently commented on the stock. BidaskClub lowered shares of Colliers International Group from a “sell” rating to a “strong sell” rating in a research note on Friday, October 12th. ValuEngine lowered shares of Colliers International Group from a “strong-buy” rating to a “buy” rating in a research note on Tuesday, October 2nd. Royal Bank of Canada raised their price objective on shares of Colliers International Group from $85.00 to $89.00 and gave the company an “outperform” rating in a research note on Wednesday, August 1st. Finally, Zacks Investment Research lowered shares of Colliers International Group from a “buy” rating to a “hold” rating in a research note on Tuesday, July 3rd. One research analyst has rated the stock with a sell rating, one has assigned a hold rating and six have given a buy rating to the company. Colliers International Group has a consensus rating of “Buy” and a consensus price target of $81.00.
Colliers International Group Inc provides commercial real estate services to corporations, financial institutions, governments, and individuals worldwide. The company's Sales and Lease Brokerage division offers transaction brokerage services, including landlord representation, tenant representation, and capital markets and investment services, as well as property management, leasing, and valuations.
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