Colliers International Group (NASDAQ:CIGI – Get Free Report) (TSE:CIGI) released its quarterly earnings results on Thursday. The financial services provider reported $1.36 earnings per share for the quarter, missing the consensus estimate of $1.37 by ($0.01), Briefing.com reports. Colliers International Group had a net margin of 3.20% and a return on equity of 25.35%. The firm had revenue of $1.14 billion for the quarter, compared to the consensus estimate of $1.11 billion. During the same quarter in the prior year, the firm earned $1.21 earnings per share. The company’s revenue for the quarter was up 5.7% compared to the same quarter last year. Colliers International Group updated its FY 2024 guidance to 5.940-6.470 EPS.
Colliers International Group Stock Performance
Colliers International Group stock traded down $4.08 during mid-day trading on Friday, reaching $136.22. 308,111 shares of the stock traded hands, compared to its average volume of 158,055. The business’s 50-day moving average is $117.95 and its 200-day moving average is $116.90. Colliers International Group has a 12-month low of $83.38 and a 12-month high of $140.52. The company has a debt-to-equity ratio of 1.15, a current ratio of 1.18 and a quick ratio of 1.18. The stock has a market capitalization of $6.67 billion, a PE ratio of 66.45 and a beta of 1.50.
Colliers International Group Announces Dividend
The company also recently disclosed a Semi-Annual dividend, which was paid on Friday, July 12th. Investors of record on Friday, June 28th were given a dividend of $0.15 per share. This represents a yield of 0.3%. The ex-dividend date of this dividend was Friday, June 28th. Colliers International Group’s dividend payout ratio (DPR) is presently 14.63%.
Analyst Ratings Changes
Read Our Latest Stock Analysis on Colliers International Group
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.
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