CGI (GIB) Projected to Post Quarterly Earnings on Wednesday

CGI (NYSE:GIB) (TSE:GIB.A) is expected to be posting its quarterly earnings results before the market opens on Wednesday, January 29th. Analysts expect CGI to post earnings of $1.41 per share and revenue of $2,704,700.00 billion for the quarter. Investors that wish to register for the company’s conference call can do so using this link.

CGI Stock Performance

Shares of NYSE GIB opened at $111.96 on Monday. The company has a 50-day simple moving average of $110.55 and a 200-day simple moving average of $111.06. The company has a debt-to-equity ratio of 0.29, a current ratio of 1.36 and a quick ratio of 1.02. The company has a market cap of $25.52 billion, a PE ratio of 20.81, a price-to-earnings-growth ratio of 2.40 and a beta of 0.95. CGI has a 12 month low of $96.92 and a 12 month high of $118.89.

CGI Dividend Announcement

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

Wall Street Analysts Forecast Growth

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