CGI (TSE:GIB.A) Releases Earnings Results

CGI (TSE:GIB.A) (NYSE:GIB) issued its quarterly earnings results on Wednesday. The company reported C$2.31 EPS 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$4.15 billion for the quarter.

CGI Trading Down 1.2%

Shares of CGI stock traded down C$1.39 on Wednesday, hitting C$115.61. 922,744 shares of the company’s stock traded hands, compared to its average volume of 654,603. The company has a fifty day moving average of C$104.56 and a two-hundred day moving average of C$100.25. CGI has a one year low of C$83.34 and a one year high of C$131.97. The company has a market capitalization of C$23.94 billion, a price-to-earnings ratio of 14.36, a price-to-earnings-growth ratio of 2.24 and a beta of 0.29. 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 firm also recently announced a quarterly dividend, which was paid on Friday, September 18th. Investors of record on Friday, September 18th were given a dividend of $0.17 per share. The ex-dividend date was Friday, August 14th. This represents a $0.68 annualized dividend and a dividend yield of 0.6%. CGI’s dividend payout ratio is presently 6.09%.

Analyst Upgrades and Downgrades

GIB.A has been the subject of a number of recent research reports. TD increased their price objective on CGI from C$99.00 to C$118.00 and gave the company a “hold” rating in a report on Thursday, July 30th. Stifel Nicolaus lifted their target price on CGI from C$110.00 to C$120.00 and gave the stock a “buy” rating in a report on Thursday, July 30th. Canadian Imperial Bank of Commerce upped their price target on CGI from C$107.00 to C$108.00 in a research report on Thursday, July 30th. Finally, Desjardins reduced their price target on CGI from C$118.00 to C$115.00 and set a “buy” rating on the stock in a research report on Thursday, October 8th. Seven investment analysts have rated the stock with a Buy rating and five have given a Hold rating to the company’s stock. According to data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of C$124.00.

About CGI

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.