Equities Analysts Offer Predictions for CIGI Q3 Earnings

Colliers International Group Inc. (NASDAQ:CIGI) (TSE:CIGI) – Investment analysts at National Bank Financial issued their Q3 2024 earnings per share estimates for shares of Colliers International Group in a report issued on Monday, October 21st. National Bank Financial analyst M. Sytchev forecasts that the financial services provider will post earnings per share of $1.43 for the quarter. The consensus estimate for Colliers International Group’s current full-year earnings is $5.66 per share. National Bank Financial also issued estimates for Colliers International Group’s Q4 2024 earnings at $2.25 EPS, FY2024 earnings at $5.62 EPS and FY2025 earnings at $6.34 EPS.

Several other analysts have also commented on the company. Royal Bank of Canada increased their price objective on Colliers International Group from $160.00 to $174.00 and gave the company an “outperform” rating in a report on Monday. Stifel Nicolaus raised their target price on Colliers International Group from $155.00 to $160.00 and gave the stock a “buy” rating in a research note on Friday, August 2nd. Raymond James lowered Colliers International Group from a “strong-buy” rating to an “outperform” rating and raised their target price for the stock from $150.00 to $160.00 in a research note on Friday, August 2nd. National Bankshares raised their target price on Colliers International Group from $125.00 to $137.00 and gave the stock a “sector perform” rating in a research note on Friday, August 2nd. Finally, StockNews.com lowered Colliers International Group from a “buy” rating to a “hold” rating in a research note on Tuesday, October 8th. Two equities research analysts have rated the stock with a hold rating and five have issued a buy rating to the company. According to MarketBeat, Colliers International Group currently has a consensus rating of “Moderate Buy” and a consensus target price of $158.33.

Colliers International Group Stock Performance

Shares of CIGI opened at $147.79 on Thursday. Colliers International Group has a 12 month low of $83.38 and a 12 month high of $154.11. The stock has a fifty day moving average price of $145.98 and a 200-day moving average price of $126.98. The company has a current ratio of 1.03, a quick ratio of 1.03 and a debt-to-equity ratio of 1.13. The firm has a market cap of $7.23 billion, a PE ratio of 72.09 and a beta of 1.49.

Colliers International Group (NASDAQ:CIGI) (TSE:CIGI) last issued its quarterly earnings data on Thursday, August 1st. The financial services provider reported $1.36 EPS for the quarter, missing the consensus estimate of $1.37 by ($0.01). Colliers International Group had a net margin of 3.20% and a return on equity of 23.60%. The business had revenue of $1.14 billion for the quarter, compared to analysts’ expectations of $1.11 billion. During the same quarter in the prior year, the company posted $1.21 EPS. The business’s revenue for the quarter was up 5.7% on a year-over-year basis.

Institutional Investors Weigh In On Colliers International Group

A number of institutional investors have recently modified their holdings of CIGI. Whittier Trust Co. of Nevada Inc. grew its position in shares of Colliers International Group by 575.0% during the 1st quarter. Whittier Trust Co. of Nevada Inc. now owns 243 shares of the financial services provider’s stock valued at $30,000 after acquiring an additional 207 shares during the period. Blue Trust Inc. grew its position in shares of Colliers International Group by 3,377.8% during the 2nd quarter. Blue Trust Inc. now owns 313 shares of the financial services provider’s stock valued at $38,000 after acquiring an additional 304 shares during the period. PNC Financial Services Group Inc. grew its position in shares of Colliers International Group by 252.8% during the 4th quarter. PNC Financial Services Group Inc. now owns 441 shares of the financial services provider’s stock valued at $56,000 after acquiring an additional 316 shares during the period. Central Pacific Bank Trust Division acquired a new stake in shares of Colliers International Group during the 1st quarter valued at about $118,000. Finally, Tobam grew its position in shares of Colliers International Group by 185.5% during the 1st quarter. Tobam now owns 1,302 shares of the financial services provider’s stock valued at $159,000 after acquiring an additional 846 shares during the period. 80.09% of the stock is currently owned by institutional investors and hedge funds.

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.