Stifel Canada Has Negative Forecast for CIGI FY2025 Earnings

Colliers International Group Inc. (NASDAQ:CIGI) (TSE:CIGI) – Research analysts at Stifel Canada dropped their FY2025 earnings per share (EPS) estimates for shares of Colliers International Group in a research note issued to investors on Monday, January 13th. Stifel Canada analyst D. Young now expects that the financial services provider will post earnings per share of $6.41 for the year, down from their prior forecast of $6.59. The consensus estimate for Colliers International Group’s current full-year earnings is $5.41 per share.

Colliers International Group (NASDAQ:CIGI) (TSE:CIGI) last announced its earnings results on Tuesday, November 5th. The financial services provider reported $1.32 EPS for the quarter, missing the consensus estimate of $1.49 by ($0.17). Colliers International Group had a return on equity of 21.78% and a net margin of 3.38%. The business had revenue of $1.18 billion for the quarter, compared to the consensus estimate of $1.17 billion. During the same quarter in the previous year, the company posted $1.10 EPS. Colliers International Group’s revenue for the quarter was up 11.7% on a year-over-year basis.

Other analysts have also recently issued reports about the stock. Royal Bank of Canada increased their price target on shares of Colliers International Group from $160.00 to $174.00 and gave the company an “outperform” rating in a research note on Monday, October 21st. Scotiabank increased their price objective on Colliers International Group from $155.00 to $167.50 and gave the company a “sector outperform” rating in a research report on Wednesday, November 6th. StockNews.com cut Colliers International Group from a “buy” rating to a “hold” rating in a research note on Tuesday, October 8th. JPMorgan Chase & Co. initiated coverage on Colliers International Group in a research note on Monday, December 16th. They set a “neutral” rating and a $167.00 price target on the stock. Finally, The Goldman Sachs Group assumed coverage on Colliers International Group in a research report on Friday, December 6th. They issued a “neutral” rating and a $170.00 price objective for the company. Four investment analysts have rated the stock with a hold rating, five have issued a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $162.44.

Colliers International Group Stock Up 1.3 %

Shares of NASDAQ:CIGI opened at $136.85 on Wednesday. Colliers International Group has a 12 month low of $101.01 and a 12 month high of $156.96. The company’s 50-day moving average price is $142.70 and its two-hundred day moving average price is $141.14. The firm has a market cap of $6.90 billion, a P/E ratio of 43.58 and a beta of 1.49. The company has a quick ratio of 1.17, a current ratio of 1.17 and a debt-to-equity ratio of 1.42.

Colliers International Group Dividend Announcement

The business also recently announced a semi-annual dividend, which was paid on Tuesday, January 14th. Stockholders of record on Tuesday, December 31st were given a dividend of $0.15 per share. The ex-dividend date was Tuesday, December 31st. This represents a dividend yield of 0.2%. Colliers International Group’s payout ratio is currently 9.55%.

Institutional Trading of Colliers International Group

A number of institutional investors and hedge funds have recently modified their holdings of CIGI. Whittier Trust Co. of Nevada Inc. grew its holdings in Colliers International Group by 26.4% during the third quarter. Whittier Trust Co. of Nevada Inc. now owns 593 shares of the financial services provider’s stock valued at $90,000 after purchasing an additional 124 shares during the period. Plato Investment Management Ltd bought a new position in shares of Colliers International Group during the third quarter worth $112,000. Blue Trust Inc. grew its holdings in shares of Colliers International Group by 197.8% in the 3rd quarter. Blue Trust Inc. now owns 932 shares of the financial services provider’s stock valued at $141,000 after buying an additional 619 shares during the period. Stonegate Investment Group LLC bought a new stake in shares of Colliers International Group in the 3rd quarter valued at $264,000. Finally, HighTower Advisors LLC raised its stake in Colliers International Group by 13.6% during the 3rd quarter. HighTower Advisors LLC now owns 2,119 shares of the financial services provider’s stock worth $323,000 after buying an additional 254 shares during the period. 80.09% of the stock is owned by institutional investors.

About Colliers International Group

Colliers International Group Inc provides commercial real estate professional and investment management services to corporate and institutional clients in the Americas, Europe, the Middle East, Africa, and the Asia Pacific. The company offers outsourcing and advisory services, such as engineering and project management, property management, valuation, and other services, as well as loan servicing for commercial real estate clients.