CGI (GIB) to Release Earnings on Wednesday

CGI (NYSE:GIBGet Free Report) (TSE:GIB.A) is scheduled to be issuing its quarterly 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:GIBGet Free Report) (TSE:GIB.A) last issued its quarterly earnings data on Wednesday, July 31st. The technology company reported $1.40 EPS for the quarter, hitting the consensus estimate of $1.40. CGI had a return on equity of 20.21% and a net margin of 11.51%. The company had revenue of $2.68 billion during the quarter, compared to analyst estimates 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 Stock Performance

Shares of NYSE GIB traded down $1.29 during midday trading on Wednesday, hitting $112.84. 27,738 shares of the company’s stock traded hands, compared to its average volume of 147,603. The firm has a fifty day moving average of $113.73 and a 200 day moving average of $107.26. CGI has a 1 year low of $95.68 and a 1 year high of $118.89. The company has a debt-to-equity ratio of 0.22, a quick ratio of 0.86 and a current ratio of 1.16. The stock has a market capitalization of $26.04 billion, a price-to-earnings ratio of 21.74, a price-to-earnings-growth ratio of 2.41 and a beta of 0.95.

Wall Street Analyst Weigh In

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

View Our Latest Stock Report on CGI

About CGI

(Get Free Report)

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.

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Earnings History for CGI (NYSE:GIB)

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