CGI (NYSE:GIB) Issues Quarterly Earnings Results

CGI (NYSE:GIB) (TSE:GIB.A) announced its earnings results on Wednesday. The technology company reported $1.41 earnings per share (EPS) for the quarter, hitting analysts’ consensus estimates of $1.41, Zacks reports. CGI had a net margin of 11.53% and a return on equity of 19.74%.

CGI Stock Up 0.8 %

Shares of CGI stock opened at $115.36 on Wednesday. The company has a fifty day moving average price of $110.71 and a 200 day moving average price of $111.24. The company has a current ratio of 1.36, a quick ratio of 1.02 and a debt-to-equity ratio of 0.29. CGI has a twelve month low of $96.92 and a twelve month high of $118.89. The stock has a market cap of $26.29 billion, a price-to-earnings ratio of 21.50, a price-to-earnings-growth ratio of 2.40 and a beta of 0.95.

CGI Announces Dividend

The company also recently disclosed a — dividend, which was paid on Friday, December 20th. Stockholders of record on Wednesday, November 20th were paid a $0.111 dividend. This represents a dividend yield of 0.4%. The ex-dividend date of this dividend was Wednesday, November 20th. CGI’s dividend payout ratio is currently 8.55%.

Wall Street Analysts Forecast Growth

A number of research firms recently issued reports on GIB. Royal Bank of Canada reaffirmed an “outperform” rating and issued a $178.00 target price on shares of CGI in a research note on Monday, January 6th. Jefferies Financial Group reduced their price objective on CGI from $140.00 to $135.00 and set a “buy” rating on the stock in a research report on Tuesday, January 21st. Cibc World Mkts upgraded shares of CGI from a “hold” rating to a “strong-buy” rating in a report on Tuesday, October 15th. CIBC upgraded shares of CGI from a “neutral” rating to an “outperformer” rating and lifted their price target for the stock from $155.00 to $178.00 in a report on Tuesday, October 15th. Finally, StockNews.com raised shares of CGI from a “sell” rating to a “hold” rating in a research note on Friday, November 15th. Two investment analysts have rated the stock with a hold rating, three have issued a buy rating and two have given a strong buy rating to the stock. According to MarketBeat, the stock currently has an average rating of “Buy” and an average price target of $150.75.

About CGI

CGI Inc, together with its subsidiaries, provides information technology (IT) and business process services. Its services include the business and strategic IT consulting, systems integration, and software solutions. The company also provides application development, modernization and maintenance, holistic enterprise digitization, automation, hybrid and cloud management, and business process services; intellectual property-based solutions; business consulting; managed IT services; and IT infrastructure services.