Colliers International Group (CIGI) to Release Quarterly Earnings on Thursday

Colliers International Group (NASDAQ:CIGI) (TSE:CIGI) will be posting its quarterly earnings results before the market opens on Thursday, May 2nd. Analysts expect Colliers International Group to post earnings of $0.88 per share for the quarter. Colliers International Group has set its FY24 guidance at $5.89-6.42 EPS and its FY 2024 guidance at 5.890-6.420 EPS.Individual interested in registering for the company’s earnings conference call can do so using this link.

Colliers International Group (NASDAQ:CIGI) (TSE:CIGI) last issued its quarterly earnings results on Thursday, February 8th. The financial services provider reported $1.83 earnings per share for the quarter, missing analysts’ consensus estimates of $1.84 by ($0.01). Colliers International Group had a net margin of 1.51% and a return on equity of 32.94%. The firm had revenue of $1.24 billion during the quarter, compared to the consensus estimate of $1.20 billion. On average, analysts expect Colliers International Group to post $6 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 $109.00 on Thursday. The company has a market capitalization of $5.33 billion, a price-to-earnings ratio of 82.86 and a beta of 1.46. The business has a 50 day simple moving average of $118.52 and a 200-day simple moving average of $111.86. The company has a current ratio of 1.02, a quick ratio of 1.02 and a debt-to-equity ratio of 1.76. Colliers International Group has a twelve month low of $83.38 and a twelve month high of $131.05.

Analyst Ratings Changes

A number of brokerages recently commented on CIGI. Royal Bank of Canada restated an “outperform” rating and set a $150.00 price objective on shares of Colliers International Group in a research note on Thursday, February 29th. National Bankshares lowered Colliers International Group from an “outperform” rating to a “sector perform” rating and set a $125.00 price target for the company. in a research report on Thursday, January 4th. Raymond James boosted their price target on Colliers International Group from $140.00 to $145.00 and gave the stock a “strong-buy” rating in a research report on Friday, February 9th. Stifel Nicolaus boosted their price target on Colliers International Group from $130.00 to $145.00 and gave the stock a “buy” rating in a research report on Friday, February 2nd. Finally, Scotiabank reduced their price target on Colliers International Group from $140.00 to $135.00 and set a “sector outperform” rating for the company in a research report on Wednesday, April 17th. Two research analysts have rated the stock with a hold rating, five have given a buy rating and one has given a strong buy rating to the company’s stock. Based on data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $138.50.

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.