Colliers International Group (CIGI) to Release Earnings on Thursday

Colliers International Group (NASDAQ:CIGI – Get Rating) (TSE:CIGI) will be posting its quarterly earnings results before the market opens on Thursday, February 9th. Analysts expect Colliers International Group to post earnings of $2.25 per share for the quarter. Individual interested in listening to the company’s earnings conference call can do so using this link.

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Colliers International Group (NASDAQ:CIGI – Get Rating) (TSE:CIGI) last posted its quarterly earnings results on Tuesday, November 1st. The financial services provider reported $1.33 earnings per share for the quarter, missing the consensus estimate of $1.71 by ($0.38). Colliers International Group had a net margin of 1.46% and a return on equity of 22.78%. The firm had revenue of $1.11 billion during the quarter, compared to analysts’ expectations of $1.08 billion. On average, analysts expect Colliers International Group to post $7 EPS for the current fiscal year and $7 EPS for the next fiscal year.

Colliers International Group Stock Performance

Colliers International Group stock opened at $108.57 on Thursday. The firm has a 50 day simple moving average of $95.25 and a 200-day simple moving average of $103.30. Colliers International Group has a 1-year low of $84.16 and a 1-year high of $158.42. The company has a debt-to-equity ratio of 2.86, a current ratio of 1.03 and a quick ratio of 1.03. The stock has a market cap of $4.52 billion, a price-to-earnings ratio of 75.40 and a beta of 1.44.

Colliers International Group Announces Dividend

The company also recently declared a Semi-Annual dividend, which was paid on Friday, January 13th. Stockholders of record on Friday, December 30th were paid a $0.15 dividend. The ex-dividend date of this dividend was Thursday, December 29th. This represents a dividend yield of 0.3%. Colliers International Group’s dividend payout ratio (DPR) is 20.83%.

Institutional Investors Weigh In On Colliers International Group

A number of hedge funds have recently added to or reduced their stakes in the business. Vanguard Group Inc. lifted its holdings in Colliers International Group by 1.7% during the 3rd quarter. Vanguard Group Inc. now owns 1,217,330 shares of the financial services provider’s stock worth $111,581,000 after buying an additional 20,576 shares in the last quarter. Invesco Ltd. lifted its holdings in Colliers International Group by 4.0% during the 1st quarter. Invesco Ltd. now owns 602,059 shares of the financial services provider’s stock worth $78,510,000 after buying an additional 23,091 shares in the last quarter. Wells Fargo & Company MN raised its holdings in shares of Colliers International Group by 3.8% in the 2nd quarter. Wells Fargo & Company MN now owns 168,048 shares of the financial services provider’s stock valued at $18,437,000 after purchasing an additional 6,220 shares in the last quarter. 1832 Asset Management L.P. raised its holdings in shares of Colliers International Group by 17.0% in the 1st quarter. 1832 Asset Management L.P. now owns 83,693 shares of the financial services provider’s stock valued at $10,773,000 after purchasing an additional 12,161 shares in the last quarter. Finally, Goldman Sachs Group Inc. raised its holdings in shares of Colliers International Group by 14.9% in the 2nd quarter. Goldman Sachs Group Inc. now owns 78,821 shares of the financial services provider’s stock valued at $8,648,000 after purchasing an additional 10,221 shares in the last quarter. 65.89% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

Several analysts have recently weighed in on the stock. Scotiabank raised shares of Colliers International Group from a “sector perform” rating to an “outperform” rating in a research note on Monday, January 16th. The Goldman Sachs Group raised shares of Colliers International Group from a “neutral” rating to a “buy” rating and increased their price objective for the stock from $105.00 to $119.00 in a research report on Monday, December 12th. National Bankshares lowered their price objective on shares of Colliers International Group from $166.00 to $122.00 and set an “outperform” rating for the company in a research report on Wednesday, November 2nd. StockNews.com cut shares of Colliers International Group from a “buy” rating to a “hold” rating in a research report on Wednesday, November 2nd. Finally, TD Securities lowered their price objective on shares of Colliers International Group from $165.00 to $145.00 and set a “buy” rating for the company in a research report on Monday, October 31st. Two investment analysts have rated the stock with a hold rating, four have issued a buy rating and one has given a strong buy rating to the stock. According to MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average price target of $131.20.

About Colliers International Group

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Colliers International Group, Inc engages in the provision of commercial real estate services to corporate and institutional clients. The firm primarily offers outsourcing and advisory services, lease brokerage, and sales brokerage. It operates through the following geographical segments: Americas, EMEA, Asia Pacific, and Corporate.

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