Colliers International Group (NASDAQ:CIGI – Get Free Report) (TSE:CIGI) announced its quarterly earnings data on Thursday. The financial services provider reported $1.36 earnings per share for the quarter, missing the consensus estimate of $1.37 by ($0.01), Briefing.com reports. Colliers International Group had a return on equity of 25.35% and a net margin of 3.20%. The business had revenue of $1.14 billion for the quarter, compared to the consensus estimate of $1.11 billion. During the same quarter in the prior year, the company earned $1.21 earnings per share. Colliers International Group’s quarterly revenue was up 5.7% compared to the same quarter last year. Colliers International Group updated its FY 2024 guidance to 5.940-6.470 EPS.
Colliers International Group Trading Down 2.9 %
Shares of CIGI stock traded down $4.08 on Friday, hitting $136.22. The company had a trading volume of 308,111 shares, compared to its average volume of 158,055. The firm has a market cap of $6.67 billion, a P/E ratio of 66.45 and a beta of 1.50. The stock’s 50-day moving average is $117.95 and its two-hundred day moving average is $116.99. The company has a debt-to-equity ratio of 1.15, a quick ratio of 1.18 and a current ratio of 1.18. Colliers International Group has a twelve month low of $83.38 and a twelve month high of $140.52.
Colliers International Group Dividend Announcement
The business also recently declared a Semi-Annual dividend, which was paid on Friday, July 12th. Stockholders of record on Friday, June 28th were paid a $0.15 dividend. The ex-dividend date was Friday, June 28th. This represents a dividend yield of 0.3%. Colliers International Group’s payout ratio is 14.63%.
Wall Street Analysts Forecast Growth
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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.
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