Canaccord Genuity Group (CF) Scheduled to Post Quarterly Earnings on Thursday

Canaccord Genuity Group (TSE:CF) will be issuing its quarterly earnings data after the market closes on Thursday, August 8th. Analysts expect the company to announce earnings of C$0.21 per share for the quarter.

Canaccord Genuity Group (TSE:CF) last issued its quarterly earnings data on Wednesday, June 5th. The financial services provider reported C$0.15 earnings per share for the quarter, missing analysts’ consensus estimates of C$0.20 by C($0.05). Canaccord Genuity Group had a positive return on equity of 1.90% and a negative net margin of 0.98%. The business had revenue of C$409.05 million for the quarter, compared to analysts’ expectations of C$421.00 million.

Canaccord Genuity Group Price Performance

CF stock opened at C$8.63 on Wednesday. The stock’s 50 day moving average price is C$8.74 and its 200 day moving average price is C$8.52. The firm has a market cap of C$881.90 million, a P/E ratio of -28.77, a PEG ratio of 0.54 and a beta of 1.65. The company has a debt-to-equity ratio of 41.38, a quick ratio of 1.05 and a current ratio of 1.24. Canaccord Genuity Group has a 1 year low of C$6.50 and a 1 year high of C$9.63.

Canaccord Genuity Group Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, July 2nd. Stockholders of record on Tuesday, July 2nd were given a $0.085 dividend. The ex-dividend date was Friday, June 21st. This represents a $0.34 annualized dividend and a dividend yield of 3.94%. Canaccord Genuity Group’s dividend payout ratio is currently -113.33%.

Wall Street Analysts Forecast Growth

Several research analysts recently weighed in on the stock. Cormark boosted their target price on shares of Canaccord Genuity Group from C$10.25 to C$11.50 in a research note on Friday, June 7th. TD Securities lifted their price target on shares of Canaccord Genuity Group from C$10.00 to C$11.00 and gave the stock a “buy” rating in a report on Friday, June 7th.

Canaccord Genuity Group Company Profile

Canaccord Genuity Group Inc, a full-service financial services company, provides investment products, and investment banking and brokerage services to institutional, corporate, and private clients. It operates in two segments, Canaccord Genuity Capital Markets and Canaccord Genuity Wealth Management.