Colliers International Group (TSE:CIG) Announces Quarterly Earnings Results, Misses Expectations By $0.54 EPS

Colliers International Group (TSE:CIG) (NASDAQ:CIGI) announced its quarterly earnings results on Wednesday. The company reported C$1.58 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of C$2.12 by C($0.54), reports. The firm had revenue of C$1.23 billion for the quarter, compared to analyst estimates of C$1.23 billion.

Colliers International Group has a 1 year low of C$1.89 and a 1 year high of C$47.85.

In other news, Senior Officer John Friedrichsen sold 10,000 shares of the business’s stock in a transaction that occurred on Monday, December 30th. The shares were sold at an average price of C$102.50, for a total value of C$1,025,000.00. Following the sale, the insider now directly owns 459,000 shares of the company’s stock, valued at approximately C$47,047,500. Also, insider C.R. Mclernon sold 5,000 shares of the business’s stock in a transaction that occurred on Friday, December 20th. The shares were sold at an average price of C$97.00, for a total transaction of C$485,000.00. Following the completion of the sale, the insider now directly owns 37,237 shares in the company, valued at C$3,611,989. Insiders sold 50,137 shares of company stock worth $4,877,357 in the last 90 days.

Colliers International Group Company Profile

Colliers International Group Inc is engaged in the provision of commercial real estate services. The Company offers services, including outsourcing and advisory services, lease brokerage and sales brokerage. Its segments include Americas; Europe, Middle East and Africa (EMEA); Asia Pacific, and Corporate.

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Earnings History for Colliers International Group (TSE:CIG)

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