Colliers International Group (NASDAQ:CIGI) Posts Quarterly Earnings Results, Misses Expectations By $0.53 EPS

Colliers International Group (NASDAQ:CIGI) (TSE:CIGI) released its earnings results on Thursday. The financial services provider reported $1.87 earnings per share for the quarter, missing analysts’ consensus estimates of $2.40 by ($0.53), Zacks reports. Colliers International Group had a return on equity of 21.78% and a net margin of 3.38%.

Colliers International Group Price Performance

Colliers International Group stock opened at $133.90 on Friday. The company has a current ratio of 1.17, a quick ratio of 1.17 and a debt-to-equity ratio of 1.42. The firm has a market capitalization of $6.60 billion, a P/E ratio of 42.70 and a beta of 1.49. The business has a 50-day moving average of $140.61 and a 200-day moving average of $143.44. Colliers International Group has a 1 year low of $101.01 and a 1 year high of $156.96.

Colliers International Group Dividend Announcement

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

Wall Street Analyst Weigh In

Several brokerages have issued reports on CIGI. Scotiabank lowered their price target on shares of Colliers International Group from $172.50 to $170.00 and set a “sector outperform” rating on the stock in a report on Tuesday, January 28th. National Bank Financial raised shares of Colliers International Group from a “hold” rating to a “strong-buy” rating in a research note on Tuesday, November 5th. JPMorgan Chase & Co. initiated coverage on shares of Colliers International Group in a research note on Monday, December 16th. They set a “neutral” rating and a $167.00 price target for the company. The Goldman Sachs Group assumed coverage on Colliers International Group in a research note on Friday, December 6th. They issued a “neutral” rating and a $170.00 price objective on the stock. Finally, Raymond James lifted their price objective on Colliers International Group from $160.00 to $175.00 and gave the company an “outperform” rating in a report on Thursday, January 30th. Four equities research analysts have rated the stock with a hold rating, five have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. According to MarketBeat.com, Colliers International Group currently has an average rating of “Moderate Buy” and a consensus target price of $164.63.

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.