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

Colliers International Group (NASDAQ:CIGI) (TSE:CIGI) issued its quarterly earnings results on Thursday. The financial services provider reported $1.87 EPS for the quarter, missing the consensus estimate of $2.40 by ($0.53), Zacks reports. Colliers International Group had a return on equity of 20.89% and a net margin of 3.35%.

Colliers International Group Stock Performance

Colliers International Group stock opened at $135.28 on Friday. Colliers International Group has a 12-month low of $101.01 and a 12-month high of $156.96. The company has a debt-to-equity ratio of 1.42, a current ratio of 1.17 and a quick ratio of 1.17. The company has a market capitalization of $6.67 billion, a price-to-earnings ratio of 42.41 and a beta of 1.49. The firm’s fifty day moving average price is $140.61 and its 200 day moving average price is $143.44.

Colliers International Group Dividend Announcement

The company also recently announced a semi-annual dividend, which was paid on Tuesday, January 14th. Stockholders of record on Tuesday, December 31st were paid a $0.15 dividend. The ex-dividend date of this dividend was Tuesday, December 31st. This represents a dividend yield of 0.2%. Colliers International Group’s dividend payout ratio (DPR) is presently 9.40%.

Wall Street Analyst Weigh In

A number of research firms have recently commented on CIGI. National Bank Financial upgraded Colliers International Group from a “hold” rating to a “strong-buy” rating in a report on Tuesday, November 5th. JPMorgan Chase & Co. started coverage on 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 started 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. Scotiabank decreased their target price on Colliers International Group from $170.00 to $166.00 and set a “sector outperform” rating for the company in a report on Friday. Finally, Raymond James cut their price target on shares of Colliers International Group from $175.00 to $170.00 and set an “outperform” rating on the stock in a report on Friday. Four analysts have rated the stock with a hold rating, five have given a buy rating and one has assigned a strong buy rating to the company’s stock. According to data from MarketBeat.com, Colliers International Group presently has an average rating of “Moderate Buy” and an average price target of $168.63.

Colliers International Group Company Profile

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.