Canaccord Genuity Group (TSE:CF) Announces Quarterly Earnings Results

Canaccord Genuity Group (TSE:CF) announced its quarterly earnings results on Thursday. The financial services provider reported C$0.20 earnings per share for the quarter, missing analysts’ consensus estimates of C$0.22 by C($0.02), reports. The company had revenue of C$428.64 million during the quarter, compared to analyst estimates of C$440.60 million. Canaccord Genuity Group had a return on equity of 3.45% and a net margin of 0.18%.

Canaccord Genuity Group Stock Performance

Shares of TSE CF opened at C$9.70 on Friday. Canaccord Genuity Group has a 12 month low of C$6.50 and a 12 month high of C$10.50. The company has a market cap of C$937.70 million, a P/E ratio of -97.00, a P/E/G ratio of 0.54 and a beta of 1.61. The business’s 50 day moving average is C$9.17 and its two-hundred day moving average is C$8.85. The company has a quick ratio of 1.05, a current ratio of 1.21 and a debt-to-equity ratio of 52.93.

Canaccord Genuity Group Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, December 10th. Shareholders of record on Friday, November 29th will be issued a $0.085 dividend. This represents a $0.34 dividend on an annualized basis and a yield of 3.51%. The ex-dividend date is Friday, November 29th. Canaccord Genuity Group’s dividend payout ratio (DPR) is currently -340.00%.

Wall Street Analysts Forecast Growth

A number of brokerages recently weighed in on CF. Ventum Cap Mkts raised Canaccord Genuity Group to a “strong-buy” rating in a research note on Monday, August 12th. Raymond James dropped their price target on shares of Canaccord Genuity Group from C$11.00 to C$10.00 and set a “buy” rating on the stock in a research report on Wednesday, August 14th. Finally, TD Securities decreased their price objective on shares of Canaccord Genuity Group from C$11.00 to C$10.00 in a report on Tuesday, August 13th.

About Canaccord Genuity Group

Canaccord Genuity Group Inc operates as a full-service investment dealer in Canada, the United States, the United Kingdom, Europe, Crown Dependencies, and Australia. It operates through two segments: Canaccord Genuity Capital Markets and Canaccord Genuity Wealth Management. The Canaccord Genuity Capital Markets segment offers investment banking, advisory, research, and trading services for corporate, institutional, and government clients.