Q2 2024 EPS Estimates for Colliers International Group Inc (TSE:CIG) Lowered by Stifel Canada

Posted by Faye Duncan on Jul 28th, 2024

Colliers International Group Inc (TSE:CIG – Free Report) (NASDAQ:CIGI) – Stock analysts at Stifel Canada lowered their Q2 2024 earnings estimates for Colliers International Group in a report issued on Wednesday, July 24th. Stifel Canada analyst D. Young now anticipates that the company will earn $1.63 per share for the quarter, down from their prior forecast of $1.65.

Colliers International Group Stock Performance

Colliers International Group has a 52-week low of C$1.89 and a 52-week high of C$47.85.

Colliers International Group (TSE:CIG – Get Free Report) (NASDAQ:CIGI) last released its earnings results on Thursday, May 2nd. The company reported C$0.89 earnings per share for the quarter, missing analysts’ consensus estimates of C$1.16 by C($0.27). The company had revenue of C$1.35 billion for the quarter, compared to the consensus estimate of C$1.34 billion.

Insiders Place Their Bets

In related news, Senior Officer Rebecca Finley sold 5,000 shares of the firm’s stock in a transaction on Thursday, June 20th. The shares were sold at an average price of C$148.49, for a total transaction of C$742,465.00. In related news, Senior Officer Rebecca Finley sold 5,000 shares of the business’s stock in a transaction dated Thursday, June 20th. The stock was sold at an average price of C$148.49, for a total value of C$742,465.00. Also, Director Jane Gavan sold 4,975 shares of the firm’s stock in a transaction that occurred on Friday, June 14th. The shares were sold at an average price of C$150.43, for a total value of C$748,384.77. Insiders sold 15,075 shares of company stock worth $2,260,236 in the last three months.

Colliers International Group Increases Dividend

The firm also recently declared a Semi-Annual dividend, which was paid on Friday, July 12th. Investors of record on Friday, June 28th were issued a $0.207 dividend. The ex-dividend date of this dividend was Friday, June 28th. This is a boost from Colliers International Group’s previous Semi-Annual dividend of $0.20.

About Colliers International Group

(Get Free Report)

Colliers International Group Inc is engaged in the provision of commercial real estate services. The Company offers services, including outsourcing and advisory services, lease brokerage and sales brokerage. Its segments include Americas; Europe, Middle East and Africa (EMEA); Asia Pacific, and Corporate.