Colliers International Group (NASDAQ:CIGI – Get Free Report) (TSE:CIGI) announced its quarterly earnings results on Thursday. The financial services provider reported $1.36 earnings per share for the quarter, missing analysts’ consensus estimates of $1.37 by ($0.01), Briefing.com reports. The company had revenue of $1.14 billion during the quarter, compared to analyst estimates of $1.11 billion. Colliers International Group had a net margin of 3.20% and a return on equity of 25.35%. The firm’s revenue for the quarter was up 5.7% compared to the same quarter last year. During the same quarter last year, the business earned $1.21 EPS. Colliers International Group updated its FY 2024 guidance to 5.940-6.470 EPS.
Colliers International Group Stock Down 2.9 %
Colliers International Group stock traded down $4.08 during midday trading on Friday, hitting $136.22. 308,111 shares of the stock were exchanged, compared to its average volume of 158,055. Colliers International Group has a 1 year low of $83.38 and a 1 year high of $140.52. The firm has a market cap of $6.67 billion, a P/E ratio of 66.45 and a beta of 1.50. The company has a debt-to-equity ratio of 1.15, a current ratio of 1.18 and a quick ratio of 1.18. The company has a 50 day moving average price of $117.95 and a two-hundred day moving average price of $116.99.
Colliers International Group Announces Dividend
The company also recently declared a Semi-Annual dividend, which was paid on Friday, July 12th. Investors of record on Friday, June 28th were paid a dividend of $0.15 per share. This represents a yield of 0.3%. The ex-dividend date of this dividend was Friday, June 28th. Colliers International Group’s dividend payout ratio (DPR) is 14.63%.
Analyst Ratings Changes
View Our Latest Research Report on Colliers International Group
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.
See Also
- Five stocks we like better than Colliers International Group
- Ride Out The Recession With These Dividend KingsĀ
- Market Crash? No Problem for DoorDash Stock’s Impressive Earnings
- How to Invest in Blue Chip Stocks
- Snap’s Stock Plummets on Q2 Revenue Guidance Shortfall
- How to Most Effectively Use the MarketBeat Earnings Screener
- Hims & Hers Stock Falls on DexCom Fears: Analysts Predict Rally
Receive News & Ratings for Colliers International Group Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Colliers International Group and related companies with MarketBeat.com's FREE daily email newsletter.