Colliers International Group Inc. (CIGI) to Release Earnings on Tuesday

Colliers International Group Inc. (NASDAQ:CIGI) (TSE:CIGI) will be releasing its earnings data before the market opens on Tuesday, October 31st. Analysts expect Colliers International Group to post earnings of $0.26 per share for the quarter.

Colliers International Group (NASDAQ:CIGI) (TSE:CIGI) last issued its earnings results on Tuesday, August 1st. The financial services provider reported $0.73 EPS for the quarter, beating the Zacks’ consensus estimate of $0.57 by $0.16. Colliers International Group had a return on equity of 49.70% and a net margin of 3.23%. The company had revenue of $544.20 million during the quarter, compared to the consensus estimate of $515.45 million. During the same period in the previous year, the firm posted $0.63 earnings per share. Colliers International Group’s quarterly revenue was up 12.8% compared to the same quarter last year. On average, analysts expect Colliers International Group to post $2.88 EPS for the current fiscal year and $3.10 EPS for the next fiscal year.

Colliers International Group Inc. (CIGI) opened at 54.50 on Friday. The firm has a 50-day moving average price of $51.59 and a 200-day moving average price of $52.29. Colliers International Group Inc. has a 52 week low of $34.20 and a 52 week high of $60.75. The firm has a market capitalization of $2.12 billion, a P/E ratio of 32.93 and a beta of 1.73.

Colliers International Group declared that its board has initiated a stock buyback program on Thursday, July 13th that allows the company to repurchase 2,700,000 shares. This repurchase authorization allows the financial services provider to buy shares of its stock through open market purchases. Shares repurchase programs are typically a sign that the company’s leadership believes its stock is undervalued.

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CIGI has been the subject of several recent research reports. BMO Capital Markets increased their price target on shares of Colliers International Group from $60.00 to $63.00 and gave the stock an “outperform” rating in a research report on Wednesday, August 2nd. Royal Bank Of Canada reissued an “outperform” rating and issued a $62.00 price target (up previously from $58.00) on shares of Colliers International Group in a research report on Wednesday, August 2nd. Zacks Investment Research raised shares of Colliers International Group from a “sell” rating to a “hold” rating in a research report on Tuesday, October 3rd. BidaskClub lowered shares of Colliers International Group from a “strong-buy” rating to a “buy” rating in a research report on Monday, July 24th. Finally, ValuEngine raised shares of Colliers International Group from a “hold” rating to a “buy” rating in a research report on Friday, September 1st. Three research analysts have rated the stock with a hold rating and six have assigned a buy rating to the stock. The company currently has an average rating of “Buy” and a consensus price target of $68.88.

About Colliers International Group

Colliers International Group Inc is engaged in the provision of commercial real estate services. The Company offers services, including outsourcing and advisory services, lease brokerage and sales brokerage. Its segments include Americas; Europe, Middle East and Africa (EMEA); Asia Pacific, and Corporate.

Earnings History for Colliers International Group (NASDAQ:CIGI)

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