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

Colliers International Group (NASDAQ:CIGI) (TSE:CIGI) posted its quarterly earnings results on Thursday. The financial services provider reported $1.87 earnings per share (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 21.78% and a net margin of 3.38%.

Colliers International Group Stock Down 10.6 %

Shares of NASDAQ CIGI traded down $15.49 during trading hours on Thursday, hitting $130.43. The stock had a trading volume of 275,496 shares, compared to its average volume of 103,147. The firm’s 50-day moving average price is $140.95 and its two-hundred day moving average price is $143.49. Colliers International Group has a 52 week low of $101.01 and a 52 week high of $156.96. The company has a market capitalization of $6.43 billion, a P/E ratio of 41.43 and a beta of 1.49. The company has a debt-to-equity ratio of 1.42, a quick ratio of 1.17 and a current ratio of 1.17.

Colliers International Group Dividend Announcement

The company also recently declared a semi-annual dividend, which was paid on Tuesday, January 14th. Stockholders of record on Tuesday, December 31st were paid a dividend of $0.15 per share. This represents a dividend yield of 0.2%. The ex-dividend date was Tuesday, December 31st. Colliers International Group’s dividend payout ratio (DPR) is presently 9.55%.

Analyst Ratings Changes

A number of equities research analysts have recently issued reports on CIGI shares. The Goldman Sachs Group assumed coverage on Colliers International Group in a research report on Friday, December 6th. They set a “neutral” rating and a $170.00 target price on the stock. JPMorgan Chase & Co. assumed coverage on shares of Colliers International Group in a report on Monday, December 16th. They issued a “neutral” rating and a $167.00 target price for the company. National Bank Financial upgraded shares of Colliers International Group from a “hold” rating to a “strong-buy” rating in a report on Tuesday, November 5th. Royal Bank of Canada lifted their price objective on shares of Colliers International Group from $160.00 to $174.00 and gave the stock an “outperform” rating in a research report on Monday, October 21st. Finally, Raymond James raised their target price on Colliers International Group from $160.00 to $175.00 and gave the stock an “outperform” rating in a research report on Thursday, January 30th. Four analysts have rated the stock with a hold rating, five have assigned a buy rating and one has issued a strong buy rating to the company’s stock. According to MarketBeat.com, Colliers International Group presently has a consensus rating of “Moderate Buy” and a consensus target price of $164.63.

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.