FY2025 EPS Forecast for IGM Financial Increased by Analyst

IGM Financial Inc. (TSE:IGM) – Equities research analysts at National Bank Financial raised their FY2025 earnings per share (EPS) estimates for IGM Financial in a report issued on Sunday, February 2nd. National Bank Financial analyst J. Gloyn now forecasts that the financial services provider will earn $4.44 per share for the year, up from their previous forecast of $4.43. The consensus estimate for IGM Financial’s current full-year earnings is $4.01 per share. National Bank Financial also issued estimates for IGM Financial’s FY2026 earnings at $4.83 EPS.

IGM Financial (TSE:IGM) last released its quarterly earnings results on Thursday, November 7th. The financial services provider reported C$1.01 earnings per share for the quarter, missing analysts’ consensus estimates of C$1.03 by C($0.02). IGM Financial had a return on equity of 12.80% and a net margin of 29.47%. During the same period in the previous year, the firm posted $0.89 earnings per share.

IGM has been the subject of several other reports. National Bankshares boosted their price objective on IGM Financial from C$47.00 to C$50.00 and gave the company an “outperform” rating in a report on Wednesday, October 30th. BMO Capital Markets raised their target price on shares of IGM Financial from C$43.00 to C$47.00 in a report on Monday, November 11th. Jefferies Financial Group upped their target price on IGM Financial from C$39.00 to C$45.00 and gave the company a “hold” rating in a report on Friday, November 1st. CIBC raised their price target on IGM Financial from C$47.00 to C$50.00 in a report on Friday, November 8th. Finally, TD Securities upped their price objective on IGM Financial from C$46.00 to C$50.00 in a research note on Monday, November 11th. Three research analysts have rated the stock with a hold rating and three have issued a buy rating to the company’s stock. According to MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of C$49.29.

IGM Financial Stock Up 0.7 %

Shares of TSE IGM opened at C$44.69 on Tuesday. The company has a debt-to-equity ratio of 35.99, a quick ratio of 0.31 and a current ratio of 2.12. IGM Financial has a 1 year low of C$32.95 and a 1 year high of C$47.96. The stock’s 50-day simple moving average is C$46.10 and its 200-day simple moving average is C$42.55. The firm has a market cap of C$10.58 billion, a price-to-earnings ratio of 12.59, a PEG ratio of 4.09 and a beta of 1.53.

IGM Financial Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, January 31st. Investors of record on Tuesday, December 31st were given a $0.563 dividend. The ex-dividend date was Tuesday, December 31st. This represents a $2.25 dividend on an annualized basis and a dividend yield of 5.04%. IGM Financial’s dividend payout ratio (DPR) is 63.38%.

IGM Financial Company Profile

IGM Financial Inc operates as a wealth and asset management company in Canada. It operates through Wealth Management and Asset Management segments. The Wealth Management segment offers investments that are focused on providing financial planning and related services; and provides mutual fund management and discretionary portfolio management services.