CGI (TSE:GIB.A) Releases Earnings Results

CGI (TSE:GIB.AGet Free Report) (NYSE:GIB) issued its earnings results on Wednesday. The company reported C$2.29 earnings per share for the quarter, FiscalAI reports. CGI had a net margin of 11.51% and a return on equity of 19.51%. The company had revenue of C$4.19 billion during the quarter.

CGI Price Performance

Shares of GIB.A stock opened at C$105.01 on Thursday. The company has a market capitalization of C$21.99 billion, a P/E ratio of 13.71, a P/E/G ratio of 2.24 and a beta of 0.13. The company’s 50-day simple moving average is C$93.40 and its two-hundred day simple moving average is C$100.17. CGI has a one year low of C$83.34 and a one year high of C$142.48. The company has a debt-to-equity ratio of 34.24, a current ratio of 1.16 and a quick ratio of 0.97.

CGI Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Friday, June 19th. Shareholders of record on Friday, June 19th were paid a $0.17 dividend. This represents a $0.68 dividend on an annualized basis and a yield of 0.6%. The ex-dividend date was Friday, May 15th. CGI’s dividend payout ratio is currently 6.14%.

Wall Street Analysts Forecast Growth

Several research firms recently issued reports on GIB.A. Canaccord Genuity Group cut their target price on CGI from C$150.00 to C$140.00 and set a “buy” rating for the company in a research report on Thursday, April 30th. Royal Bank Of Canada cut CGI from an “outperform” rating to a “sector perform” rating and cut their price target for the company from C$150.00 to C$100.00 in a report on Thursday, April 30th. Scotia decreased their target price on shares of CGI from C$120.00 to C$110.00 and set a “sector perform” rating on the stock in a research report on Thursday, April 30th. Scotiabank lowered their price target on CGI from C$140.00 to C$120.00 and set a “sector perform” rating for the company in a research report on Friday, April 24th. Finally, BMO Capital Markets reduced their price objective on shares of CGI from C$137.00 to C$122.00 and set an “outperform” rating on the stock in a research report on Monday, April 27th. Seven investment analysts have rated the stock with a Buy rating and five have issued a Hold rating to the company’s stock. According to MarketBeat.com, the company has an average rating of “Moderate Buy” and an average target price of C$123.62.

View Our Latest Report on CGI

About CGI

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Founded in 1976, CGI is among the largest independent IT and business consulting services firms in the world. With 94,000 consultants and professionals across the globe, CGI delivers an end-to-end portfolio of capabilities, from strategic IT and business consulting to systems integration, managed IT and business process services and intellectual property solutions. CGI works with clients through a local relationship model complemented by a global delivery network that helps clients digitally transform their organizations and accelerate results.

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