Equities analysts predict that CGI Inc. (NYSE:GIB) (TSE:GIB.A) will announce earnings per share (EPS) of $1.06 for the current fiscal quarter, Zacks reports. Two analysts have issued estimates for CGI’s earnings, with the highest EPS estimate coming in at $1.10 and the lowest estimate coming in at $1.00. CGI posted earnings of $0.92 per share in the same quarter last year, which suggests a positive year-over-year growth rate of 15.2%. The company is expected to report its next earnings report on Wednesday, November 10th.
According to Zacks, analysts expect that CGI will report full-year earnings of $4.28 per share for the current financial year, with EPS estimates ranging from $4.22 to $4.34. For the next fiscal year, analysts forecast that the firm will report earnings of $4.64 per share, with EPS estimates ranging from $4.42 to $4.76. Zacks’ earnings per share averages are a mean average based on a survey of research analysts that cover CGI.
CGI (NYSE:GIB) (TSE:GIB.A) last issued its earnings results on Tuesday, July 27th. The technology company reported $1.36 earnings per share for the quarter, topping the Zacks’ consensus estimate of $1.07 by $0.29. The business had revenue of $2.46 billion for the quarter, compared to the consensus estimate of $2.46 billion. CGI had a net margin of 10.61% and a return on equity of 19.58%.
Shares of NYSE:GIB traded down $0.76 on Friday, hitting $88.06. The company had a trading volume of 258,256 shares, compared to its average volume of 140,473. CGI has a 1-year low of $60.58 and a 1-year high of $93.06. The stock has a market cap of $21.83 billion, a price-to-earnings ratio of 22.58, a P/E/G ratio of 2.59 and a beta of 1.03. The stock has a 50 day moving average price of $90.06 and a 200 day moving average price of $87.96. The company has a current ratio of 1.09, a quick ratio of 0.83 and a debt-to-equity ratio of 0.42.
Large investors have recently added to or reduced their stakes in the business. Marshall Wace LLP grew its position in shares of CGI by 519.6% during the 2nd quarter. Marshall Wace LLP now owns 83,023 shares of the technology company’s stock worth $7,536,000 after buying an additional 69,623 shares during the period. Morgan Stanley grew its position in shares of CGI by 28.4% during the 2nd quarter. Morgan Stanley now owns 326,041 shares of the technology company’s stock worth $29,539,000 after buying an additional 72,083 shares during the period. Wells Fargo & Company MN grew its position in shares of CGI by 370.9% during the 2nd quarter. Wells Fargo & Company MN now owns 76,664 shares of the technology company’s stock worth $6,955,000 after buying an additional 60,382 shares during the period. Guardian Capital Advisors LP grew its position in shares of CGI by 21.5% during the 2nd quarter. Guardian Capital Advisors LP now owns 18,883 shares of the technology company’s stock worth $1,726,000 after buying an additional 3,340 shares during the period. Finally, Border to Coast Pensions Partnership Ltd acquired a new stake in shares of CGI during the 2nd quarter worth approximately $16,355,929,000. 51.93% of the stock is owned by institutional investors and hedge funds.
CGI, Inc engages in the provision of information technology (IT) and consulting services. It operates through the following segments: Northern Europe, Canada, France, U.S. Commercial and State Government, U.S. Federal, U.K., Eastern, Central and Southern Europe (ECS) and Asia Pacific Global Delivery Centers of Excellence (APC).
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