CGI (TSE:GIB.A) Posts Quarterly Earnings Results

CGI (TSE:GIB.AGet Free Report) (NYSE:GIB) posted its quarterly earnings data on Wednesday. The company reported C$2.12 EPS for the quarter, FiscalAI reports. CGI had a return on equity of 19.51% and a net margin of 11.51%.The business had revenue of C$4.08 billion for the quarter.

CGI Price Performance

TSE:GIB.A opened at C$117.09 on Thursday. The company has a debt-to-equity ratio of 34.24, a quick ratio of 0.97 and a current ratio of 1.16. The company has a 50-day moving average of C$125.89 and a 200-day moving average of C$127.63. CGI has a 52 week low of C$113.60 and a 52 week high of C$175.35. The company has a market capitalization of C$25.33 billion, a price-to-earnings ratio of 15.93, a PEG ratio of 2.24 and a beta of 0.23.

CGI Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Friday, December 19th. Stockholders of record on Friday, December 19th were paid a $0.17 dividend. The ex-dividend date was Friday, November 21st. This represents a $0.68 dividend on an annualized basis and a dividend yield of 0.6%. This is a positive change from CGI’s previous quarterly dividend of $0.15. CGI’s dividend payout ratio is currently 8.16%.

Analyst Ratings Changes

Several research firms have recently weighed in on GIB.A. Scotiabank set a C$140.00 price objective on CGI and gave the company a “sector perform” rating in a research report on Tuesday. Sanford C. Bernstein boosted their target price on shares of CGI from C$137.00 to C$142.00 in a research report on Thursday, November 6th. Desjardins reduced their price target on shares of CGI from C$169.00 to C$160.00 and set a “buy” rating for the company in a report on Tuesday, November 4th. Raymond James Financial decreased their price target on shares of CGI from C$178.00 to C$168.00 in a research report on Thursday, November 6th. Finally, Royal Bank Of Canada dropped their price objective on shares of CGI from C$165.00 to C$150.00 and set an “outperform” rating on the stock in a report on Monday. Six equities research analysts have rated the stock with a Buy rating and two have given a Hold rating to the stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average price target of C$159.90.

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CGI Company Profile

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Founded in 1976, CGI is among the largest independent IT and business consulting services firms in the world. With 91,000 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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