Colliers International Group (NASDAQ:CIGI) (TSE:CIGI) posted its earnings results on Wednesday. The financial services provider reported $2.01 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $1.61 by $0.40, Briefing.com reports. Colliers International Group had a net margin of 3.58% and a return on equity of 25.57%. The firm had revenue of $928.30 million for the quarter, compared to analysts’ expectations of $948.77 million. During the same quarter last year, the firm earned $1.77 EPS. The company’s quarterly revenue was up 4.3% compared to the same quarter last year.
Shares of NASDAQ:CIGI traded up $3.40 during mid-day trading on Friday, reaching $90.94. The company had a trading volume of 10,686 shares, compared to its average volume of 50,970. The company has a current ratio of 0.84, a quick ratio of 0.84 and a debt-to-equity ratio of 1.81. The firm has a market cap of $3.30 billion, a price-to-earnings ratio of 33.53 and a beta of 1.62. The company’s 50-day moving average price is $81.17 and its 200-day moving average price is $73.59. Colliers International Group has a one year low of $60.28 and a one year high of $87.54.
Several equities analysts have commented on CIGI shares. ValuEngine raised shares of Colliers International Group from a “sell” rating to a “hold” rating in a research report on Sunday, December 22nd. Royal Bank of Canada lifted their target price on shares of Colliers International Group to $94.00 and gave the stock a “positive” rating in a research report on Friday. BidaskClub raised shares of Colliers International Group from a “hold” rating to a “buy” rating in a research report on Thursday, January 16th. Raymond James set a $88.00 target price on shares of Colliers International Group and gave the stock an “outperform” rating in a research report on Wednesday, January 29th. Finally, Zacks Investment Research cut shares of Colliers International Group from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, December 31st. Two analysts have rated the stock with a hold rating and five have assigned a buy rating to the company’s stock. The stock presently has a consensus rating of “Buy” and an average price target of $85.25.
Colliers International Group Inc provides commercial real estate services to corporate and institutional clients in the Americas, Europe, the Middle East, Africa, Asia, Australasia, and internationally. The company offers sales brokerage services, which include purchases and sales, debt placement, equity capital raising, market value opinions, acquisition advisory, and transaction management services; and lease brokerage services comprising landlord and tenant representation services.
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