Equities analysts expect that CGI Inc. (NYSE:GIB) (TSE:GIB.A) will report earnings of $1.10 per share for the current quarter, according to Zacks. Two analysts have issued estimates for CGI’s earnings. The lowest EPS estimate is $1.08 and the highest is $1.11. CGI posted earnings per share of $0.85 during the same quarter last year, which would indicate a positive year over year growth rate of 29.4%. The firm is scheduled to announce its next quarterly earnings report on Wednesday, August 4th.
On average, analysts expect that CGI will report full-year earnings of $4.36 per share for the current financial year, with EPS estimates ranging from $4.26 to $4.57. For the next financial year, analysts expect that the company will report earnings of $4.72 per share, with EPS estimates ranging from $4.60 to $4.92. Zacks Investment Research’s EPS averages are a mean average based on a survey of analysts that that provide coverage for CGI.
CGI (NYSE:GIB) (TSE:GIB.A) last issued its earnings results on Tuesday, April 27th. The technology company reported $1.35 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $1.03 by $0.32. The firm had revenue of $3.08 billion during the quarter, compared to analyst estimates of $3.09 billion. CGI had a net margin of 9.20% and a return on equity of 18.58%. The business’s revenue was down 1.7% on a year-over-year basis. During the same period in the previous year, the firm earned $1.26 earnings per share.
A number of analysts have recently issued reports on the stock. Scotiabank boosted their target price on shares of CGI from $112.00 to $114.00 and gave the company an “outperform” rating in a research note on Thursday, April 29th. Desjardins reaffirmed a “buy” rating on shares of CGI in a research note on Tuesday, March 23rd. TD Securities upped their price objective on shares of CGI from $120.00 to $125.00 and gave the stock a “buy” rating in a research note on Thursday, April 29th. BMO Capital Markets upped their price objective on shares of CGI from $115.00 to $121.00 and gave the stock an “outperform” rating in a research note on Thursday, April 29th. Finally, Zacks Investment Research lowered shares of CGI from a “buy” rating to a “hold” rating in a research note on Monday, April 26th. Five analysts have rated the stock with a hold rating and ten have assigned a buy rating to the company. CGI currently has a consensus rating of “Buy” and a consensus price target of $113.10.
Institutional investors and hedge funds have recently bought and sold shares of the company. Guardian Capital LP increased its holdings in shares of CGI by 1.5% during the fourth quarter. Guardian Capital LP now owns 1,677,953 shares of the technology company’s stock valued at $133,011,000 after acquiring an additional 25,058 shares in the last quarter. Amundi Pioneer Asset Management Inc. increased its holdings in shares of CGI by 66.9% during the fourth quarter. Amundi Pioneer Asset Management Inc. now owns 233,827 shares of the technology company’s stock valued at $18,547,000 after acquiring an additional 93,733 shares in the last quarter. Oxler Private Wealth LLC acquired a new position in shares of CGI during the fourth quarter valued at about $618,000. Healthcare of Ontario Pension Plan Trust Fund increased its holdings in shares of CGI by 510.1% during the fourth quarter. Healthcare of Ontario Pension Plan Trust Fund now owns 10,743 shares of the technology company’s stock valued at $853,000 after acquiring an additional 8,982 shares in the last quarter. Finally, Credit Suisse AG increased its holdings in shares of CGI by 2.3% during the fourth quarter. Credit Suisse AG now owns 545,357 shares of the technology company’s stock valued at $43,253,000 after acquiring an additional 12,266 shares in the last quarter. Hedge funds and other institutional investors own 51.30% of the company’s stock.
Shares of GIB traded up $0.38 during trading hours on Thursday, reaching $89.26. 10,100 shares of the company traded hands, compared to its average volume of 145,606. The firm has a market cap of $22.65 billion, a price-to-earnings ratio of 28.39, a PEG ratio of 2.33 and a beta of 1.03. CGI has a 12-month low of $58.60 and a 12-month high of $89.61. The company has a current ratio of 1.35, a quick ratio of 1.06 and a debt-to-equity ratio of 0.45. The stock’s fifty day moving average price is $84.31 and its 200 day moving average price is $77.36.
CGI Company Profile
CGI Inc, together with its subsidiaries, provides information technology (IT) and business process services in Canada; Western, Southern, Central, and Eastern Europe; Australia; Scandinavia; Finland, Poland, and Baltics; the United States; the United Kingdom; and the Asia Pacific. Its services include the management of IT and business outsourcing, systems integration and consulting, and software solutions selling activities.
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