Colliers International Group Inc (TSE:CIG) to Post FY2024 Earnings of $7.50 Per Share, Stifel Canada Forecasts

Colliers International Group Inc (TSE:CIG) (NASDAQ:CIGI) – Analysts at Stifel Canada boosted their FY2024 EPS estimates for Colliers International Group in a report released on Wednesday, July 24th. Stifel Canada analyst D. Young now expects that the company will post earnings of $7.50 per share for the year, up from their previous estimate of $7.49.

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

Colliers International Group Price Performance

Colliers International Group has a 12-month low of C$1.89 and a 12-month high of C$47.85.

Insider Buying and Selling

In related news, Senior Officer Rebecca Finley sold 5,000 shares of the firm’s stock in a transaction that occurred on Monday, June 17th. The shares were sold at an average price of C$150.85, for a total value of C$754,255.00. In related news, 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. Also, Senior Officer Rebecca Finley sold 5,000 shares of Colliers International Group stock in a transaction on Monday, June 17th. The shares were sold at an average price of C$150.85, for a total transaction of C$754,255.00. In the last 90 days, insiders sold 15,075 shares of company stock valued at $2,260,236.

Colliers International Group Increases Dividend

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

Colliers International Group Company Profile

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.