William Blair Weighs in on Colliers International Group Inc’s FY2018 Earnings (CIGI)

Colliers International Group Inc (NASDAQ:CIGI) (TSE:CIGI) – Equities research analysts at William Blair lifted their FY2018 EPS estimates for shares of Colliers International Group in a research note issued on Wednesday, October 31st. William Blair analyst S. Sheldon now anticipates that the financial services provider will earn $2.50 per share for the year, up from their previous forecast of $2.30. William Blair also issued estimates for Colliers International Group’s Q4 2018 earnings at $1.37 EPS, FY2019 earnings at $3.00 EPS and FY2020 earnings at $3.19 EPS.

A number of other brokerages have also issued reports on CIGI. BidaskClub lowered shares of Colliers International Group from a “sell” rating to a “strong sell” rating in a research note on Friday, October 12th. Zacks Investment Research upgraded shares of Colliers International Group from a “hold” rating to a “strong-buy” rating and set a $78.00 price target for the company in a research note on Monday. Royal Bank of Canada dropped their price target on shares of Colliers International Group from $89.00 to $87.00 and set an “outperform” rating for the company in a research note on Wednesday, October 31st. Raymond James set a $85.00 price target on shares of Colliers International Group and gave the stock a “buy” rating in a research note on Wednesday, October 31st. Finally, ValuEngine upgraded shares of Colliers International Group from a “buy” rating to a “strong-buy” rating in a research note on Saturday, July 28th. One analyst has rated the stock with a sell rating, four have assigned a buy rating and one has assigned a strong buy rating to the company. The company has a consensus rating of “Buy” and a consensus target price of $83.33.

Shares of NASDAQ:CIGI opened at $68.39 on Monday. The company has a debt-to-equity ratio of 2.38, a current ratio of 1.06 and a quick ratio of 1.06. The firm has a market capitalization of $2.57 billion, a P/E ratio of 22.65 and a beta of 1.49. Colliers International Group has a 12-month low of $46.60 and a 12-month high of $84.20.

Colliers International Group (NASDAQ:CIGI) (TSE:CIGI) last issued its quarterly earnings results on Tuesday, October 30th. The financial services provider reported $0.92 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.32 by $0.60. The business had revenue of $715.70 million during the quarter, compared to analyst estimates of $698.53 million. Colliers International Group had a net margin of 2.96% and a return on equity of 31.08%. The business’s revenue was up 15.7% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $0.66 earnings per share.

Large investors have recently modified their holdings of the stock. Fiera Capital Corp increased its stake in shares of Colliers International Group by 17.3% in the second quarter. Fiera Capital Corp now owns 486,564 shares of the financial services provider’s stock worth $37,022,000 after buying an additional 71,821 shares during the last quarter. Paloma Partners Management Co acquired a new position in Colliers International Group in the second quarter worth $325,000. Renaissance Technologies LLC boosted its holdings in Colliers International Group by 4.8% in the second quarter. Renaissance Technologies LLC now owns 958,200 shares of the financial services provider’s stock worth $72,547,000 after purchasing an additional 43,700 shares during the period. Connor Clark & Lunn Investment Management Ltd. boosted its holdings in Colliers International Group by 7.2% in the second quarter. Connor Clark & Lunn Investment Management Ltd. now owns 475,582 shares of the financial services provider’s stock worth $36,161,000 after purchasing an additional 31,765 shares during the period. Finally, Toronto Dominion Bank boosted its holdings in Colliers International Group by 27.0% in the second quarter. Toronto Dominion Bank now owns 32,403 shares of the financial services provider’s stock worth $2,462,000 after purchasing an additional 6,887 shares during the period. Institutional investors and hedge funds own 70.21% of the company’s stock.

About Colliers International Group

Colliers International Group Inc provides commercial real estate services to corporations, financial institutions, governments, and individuals worldwide. The company's Sales and Lease Brokerage division offers transaction brokerage services, including landlord representation, tenant representation, and capital markets and investment services, as well as property management, leasing, and valuations.

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