Equities research analysts expect CGI (NYSE:GIB) (TSE:GIB.A) to announce sales of $2.23 billion for the current quarter, according to Zacks Investment Research. Five analysts have provided estimates for CGI’s earnings, with estimates ranging from $2.21 billion to $2.28 billion. CGI posted sales of $2.22 billion during the same quarter last year, which indicates a positive year-over-year growth rate of 0.5%. The company is expected to announce its next earnings report on Wednesday, January 30th.

According to Zacks, analysts expect that CGI will report full-year sales of $9.08 billion for the current financial year, with estimates ranging from $9.04 billion to $9.13 billion. For the next financial year, analysts anticipate that the company will report sales of $9.39 billion, with estimates ranging from $9.29 billion to $9.50 billion. Zacks Investment Research’s sales averages are an average based on a survey of sell-side research firms that follow CGI.

CGI (NYSE:GIB) (TSE:GIB.A) last announced its quarterly earnings data on Wednesday, November 7th. The technology company reported $0.83 EPS for the quarter, topping the Zacks’ consensus estimate of $0.82 by $0.01. CGI had a return on equity of 18.05% and a net margin of 9.92%. The firm had revenue of $2.80 billion for the quarter, compared to the consensus estimate of $2.79 billion. During the same quarter last year, the business posted $0.93 earnings per share. The firm’s revenue was up 7.4% compared to the same quarter last year.

GIB has been the topic of a number of analyst reports. Royal Bank of Canada lifted their price objective on CGI from $92.00 to $95.00 and gave the stock an “outperform” rating in a research report on Thursday, November 8th. Desjardins reiterated a “buy” rating on shares of CGI in a research report on Friday, November 9th. Zacks Investment Research upgraded CGI from a “hold” rating to a “buy” rating and set a $70.00 price objective on the stock in a research report on Wednesday, October 10th. Raymond James reiterated a “buy” rating on shares of CGI in a research report on Wednesday, November 7th. Finally, Barclays lifted their price objective on CGI from $64.00 to $68.00 and gave the stock an “overweight” rating in a research report on Thursday, August 2nd. Two investment analysts have rated the stock with a hold rating and five have assigned a buy rating to the company’s stock. The stock currently has a consensus rating of “Buy” and a consensus price target of $77.67.

Large investors have recently bought and sold shares of the business. Tower Research Capital LLC TRC purchased a new stake in CGI in the second quarter valued at $124,000. Csenge Advisory Group purchased a new stake in CGI in the third quarter valued at $149,000. Riverhead Capital Management LLC raised its position in CGI by 100.0% in the third quarter. Riverhead Capital Management LLC now owns 2,800 shares of the technology company’s stock valued at $179,000 after purchasing an additional 1,400 shares during the period. WCM Investment Management CA purchased a new stake in CGI in the second quarter valued at $212,000. Finally, Signaturefd LLC raised its position in CGI by 36.5% in the third quarter. Signaturefd LLC now owns 3,468 shares of the technology company’s stock valued at $224,000 after purchasing an additional 928 shares during the period. Institutional investors own 58.14% of the company’s stock.

Shares of CGI stock opened at $61.20 on Friday. CGI has a one year low of $52.54 and a one year high of $66.53. The company has a market cap of $17.20 billion, a P/E ratio of 19.07, a P/E/G ratio of 1.92 and a beta of 0.61. The company has a current ratio of 1.00, a quick ratio of 0.69 and a debt-to-equity ratio of 0.22.

CGI Company Profile

CGI Group Inc provides information technology (IT) and business process services in Canada and internationally. Its services include the management of IT and business outsourcing, systems integration and consulting, and software solutions selling activities. The company offers application development, integration, and maintenance services; technology infrastructure management services; and business process services, such as collections and payroll management.

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Earnings History and Estimates for CGI (NYSE:GIB)

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