Brokers Offer Predictions for CGI Group FY2027 Earnings

CGI Group, Inc. (NYSE:GIB) (TSE:GIB.A) – Analysts at Raymond James Financial issued their FY2027 EPS estimates for CGI Group in a note issued to investors on Wednesday, November 5th. Raymond James Financial analyst S. Li anticipates that the technology company will post earnings per share of $6.88 for the year. The consensus estimate for CGI Group’s current full-year earnings is $5.79 per share.

Other analysts have also recently issued research reports about the company. Weiss Ratings reaffirmed a “hold (c)” rating on shares of CGI Group in a research report on Wednesday, October 8th. UBS Group decreased their price objective on CGI Group from $112.00 to $105.00 and set a “neutral” rating for the company in a research report on Thursday, July 31st. Royal Bank Of Canada lowered their target price on CGI Group from $175.00 to $165.00 and set an “outperform” rating on the stock in a research note on Thursday. Finally, TD Securities upgraded CGI Group to a “strong-buy” rating in a report on Friday, October 3rd. One investment analyst has rated the stock with a Strong Buy rating, two have given a Buy rating and two have issued a Hold rating to the company. According to data from MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus price target of $135.00.

CGI Group Trading Up 1.7%

NYSE GIB opened at $86.26 on Monday. The firm’s 50 day moving average price is $90.41 and its two-hundred day moving average price is $98.52. The company has a debt-to-equity ratio of 0.35, a quick ratio of 0.94 and a current ratio of 1.27. CGI Group has a twelve month low of $84.24 and a twelve month high of $122.79. The stock has a market cap of $19.23 billion, a price-to-earnings ratio of 15.94, a PEG ratio of 1.46 and a beta of 0.71.

CGI Group (NYSE:GIB) (TSE:GIB.A) last issued its quarterly earnings results on Wednesday, November 5th. The technology company reported $1.55 EPS for the quarter, beating the consensus estimate of $1.53 by $0.02. CGI Group had a net margin of 11.01% and a return on equity of 18.53%. The business had revenue of $2.88 billion during the quarter, compared to the consensus estimate of $4 billion. During the same quarter in the prior year, the firm earned $1.92 EPS. The firm’s quarterly revenue was up 9.7% on a year-over-year basis.

Institutional Investors Weigh In On CGI Group

Several institutional investors have recently made changes to their positions in GIB. Townsquare Capital LLC lifted its holdings in shares of CGI Group by 3.7% in the first quarter. Townsquare Capital LLC now owns 2,870 shares of the technology company’s stock valued at $287,000 after purchasing an additional 102 shares in the last quarter. Callan Family Office LLC raised its position in CGI Group by 4.4% in the 1st quarter. Callan Family Office LLC now owns 3,284 shares of the technology company’s stock valued at $328,000 after buying an additional 139 shares during the last quarter. KFA Private Wealth Group LLC raised its position in CGI Group by 1.2% in the 1st quarter. KFA Private Wealth Group LLC now owns 12,500 shares of the technology company’s stock valued at $1,248,000 after buying an additional 150 shares during the last quarter. Yousif Capital Management LLC lifted its stake in CGI Group by 8.1% in the 2nd quarter. Yousif Capital Management LLC now owns 2,591 shares of the technology company’s stock valued at $272,000 after acquiring an additional 195 shares in the last quarter. Finally, SVB Wealth LLC acquired a new position in CGI Group during the 1st quarter worth approximately $25,000. 66.68% of the stock is currently owned by institutional investors and hedge funds.

CGI Group Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Friday, December 19th. Shareholders of record on Friday, November 21st will be given a $0.17 dividend. This represents a $0.68 annualized dividend and a yield of 0.8%. The ex-dividend date of this dividend is Friday, November 21st. This is an increase from CGI Group’s previous quarterly dividend of $0.11. CGI Group’s payout ratio is currently 9.13%.

About CGI Group

CGI Inc, together with its subsidiaries, provides information technology (IT) and business process services. Its services include the business and strategic IT consulting, systems integration, and software solutions. The company also provides application development, modernization and maintenance, holistic enterprise digitization, automation, hybrid and cloud management, and business process services; intellectual property-based solutions; business consulting; managed IT services; and IT infrastructure services.