Brokerages forecast that CI Financial Corp (NYSE:CIXX) will report $0.50 earnings per share (EPS) for the current quarter, according to Zacks. Zero analysts have made estimates for CI Financial’s earnings. The company is scheduled to report its next quarterly earnings report on Thursday, May 13th.

According to Zacks, analysts expect that CI Financial will report full year earnings of $2.05 per share for the current fiscal year, with EPS estimates ranging from $2.03 to $2.06. For the next year, analysts expect that the business will report earnings of $2.13 per share, with EPS estimates ranging from $2.10 to $2.16. Zacks Investment Research’s earnings per share averages are an average based on a survey of research firms that follow CI Financial.

CI Financial (NYSE:CIXX) last issued its earnings results on Thursday, February 11th. The company reported $0.52 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.50 by $0.02. The company had revenue of $421.34 million during the quarter.

Several equities research analysts recently issued reports on CIXX shares. Barclays upgraded CI Financial from an “underweight” rating to an “overweight” rating in a research note on Tuesday, January 12th. Royal Bank of Canada upgraded shares of CI Financial from a “sector perform” rating to an “outperform” rating in a research report on Tuesday, February 16th. Scotiabank lowered their price target on shares of CI Financial from $22.00 to $21.00 and set a “sector perform” rating for the company in a report on Friday, February 12th. Canaccord Genuity upped their price target on shares of CI Financial from $24.00 to $25.00 and gave the stock a “buy” rating in a report on Friday, February 12th. Finally, Zacks Investment Research downgraded shares of CI Financial from a “buy” rating to a “hold” rating in a report on Tuesday, April 13th. Three analysts have rated the stock with a hold rating and five have issued a buy rating to the company. CI Financial presently has a consensus rating of “Buy” and a consensus price target of $21.17.

Several hedge funds have recently added to or reduced their stakes in CIXX. Candriam Luxembourg S.C.A. bought a new position in shares of CI Financial during the 4th quarter worth about $8,877,000. Guinness Asset Management LTD acquired a new stake in shares of CI Financial in the 4th quarter worth about $152,000. Zurcher Kantonalbank Zurich Cantonalbank acquired a new stake in shares of CI Financial in the 4th quarter worth about $2,554,000. NN Investment Partners Holdings N.V. acquired a new stake in shares of CI Financial in the 4th quarter worth about $633,000. Finally, BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp acquired a new stake in shares of CI Financial in the 4th quarter worth about $4,995,000. 0.09% of the stock is currently owned by institutional investors.

Shares of NYSE:CIXX opened at $15.20 on Friday. The stock’s 50 day moving average price is $14.76. CI Financial has a 12-month low of $9.76 and a 12-month high of $15.86.

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, July 15th. Stockholders of record on Wednesday, June 30th will be given a dividend of $0.1417 per share. The ex-dividend date of this dividend is Tuesday, June 29th. This represents a $0.57 dividend on an annualized basis and a dividend yield of 3.73%.

CI Financial Company Profile

CI Financial Corp. is a publicly owned asset management holding company. Through its subsidiaries, the firm manages separate client focused equity, fixed income, and alternative investments portfolios. It also manages mutual funds, hedge funds, and fund of funds for its clients through its subsidiaries.

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