CGI (GIB) Set to Announce Earnings on Wednesday

CGI (NYSE:GIB) (TSE:GIB.A) is scheduled to be announcing its earnings data before the market opens on Wednesday, November 6th. Analysts expect the company to announce earnings of $1.39 per share for the quarter.

CGI (NYSE:GIB) (TSE:GIB.A) last released its quarterly earnings data on Wednesday, July 31st. The technology company reported $1.40 earnings per share (EPS) for the quarter, meeting the consensus estimate of $1.40. CGI had a net margin of 11.51% and a return on equity of 20.21%. The firm had revenue of $2.68 billion for the quarter, compared to analysts’ expectations of $2.67 billion. On average, analysts expect CGI to post $6 EPS for the current fiscal year and $6 EPS for the next fiscal year.

CGI Price Performance

Shares of NYSE:GIB traded down $1.29 during midday trading on Wednesday, reaching $112.84. 27,738 shares of the company were exchanged, compared to its average volume of 147,603. The company has a current ratio of 1.16, a quick ratio of 0.86 and a debt-to-equity ratio of 0.22. The stock has a market cap of $26.04 billion, a PE ratio of 21.74, a price-to-earnings-growth ratio of 2.41 and a beta of 0.95. The business’s fifty day moving average is $113.73 and its two-hundred day moving average is $107.26. CGI has a one year low of $95.68 and a one year high of $118.89.

Wall Street Analysts Forecast Growth

GIB has been the topic of several research reports. Cibc World Mkts raised CGI from a “hold” rating to a “strong-buy” rating in a report on Tuesday, October 15th. Jefferies Financial Group upped their price objective on CGI from $120.00 to $121.00 and gave the stock a “buy” rating in a report on Tuesday, July 16th. CIBC raised shares of CGI from a “neutral” rating to an “outperformer” rating and raised their target price for the company from $155.00 to $178.00 in a report on Tuesday, October 15th. Sanford C. Bernstein raised shares of CGI to a “strong-buy” rating in a research note on Thursday, August 1st. Finally, UBS Group assumed coverage on shares of CGI in a research note on Friday, July 19th. They issued a “neutral” rating and a $112.00 price objective for the company. Two equities research analysts have rated the stock with a hold rating, two have issued a buy rating and two have issued a strong buy rating to the company’s stock. Based on data from MarketBeat.com, CGI currently has a consensus rating of “Buy” and an average price target of $137.00.

About CGI

CGI Inc, together with its subsidiaries, provides information technology (IT) and business process services. Its services include the business and strategic IT consulting, systems integration, and software solutions. The company also provides application development, modernization and maintenance, holistic enterprise digitization, automation, hybrid and cloud management, and business process services; intellectual property-based solutions; business consulting; managed IT services; and IT infrastructure services.