CI Financial Corp (CIX) to Release Earnings on Thursday

CI Financial Corp (TSE:CIX) is set to issue its quarterly earnings data before the market opens on Thursday, August 10th. Analysts expect the company to announce earnings of $0.53 per share for the quarter.

Shares of CI Financial Corp (TSE CIX) opened at 25.94 on Tuesday. The stock’s 50 day moving average is $27.45 and its 200 day moving average is $27.10. CI Financial Corp has a 52 week low of $23.52 and a 52 week high of $29.94. The stock has a market capitalization of $6.79 billion and a PE ratio of 13.38.

The business also recently announced a monthly dividend, which will be paid on Tuesday, August 15th. Shareholders of record on Tuesday, August 15th will be given a $0.1175 dividend. This is an increase from CI Financial Corp’s previous monthly dividend of $0.12. The ex-dividend date is Thursday, July 27th. This represents a $1.41 dividend on an annualized basis and a yield of 5.44%.

CIX has been the topic of several analyst reports. Barclays PLC restated an “overweight” rating and set a C$30.00 price target on shares of CI Financial Corp in a research note on Thursday, May 11th. Scotiabank dropped their price target on shares of CI Financial Corp from C$29.00 to C$28.00 and set a “sector perform” rating on the stock in a research note on Friday, May 12th. One analyst has rated the stock with a sell rating, three have given a hold rating and two have assigned a buy rating to the stock. The company has a consensus rating of “Hold” and an average target price of C$28.00.

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About CI Financial Corp

CI Financial Corp. is a publicly owned asset management holding company. Through its subsidiaries, the firm manages separate client focused equity, fixed income, and alternative investments portfolios. It also manages mutual funds, hedge funds, and fund of funds for its clients through its subsidiaries.

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