Wall Street brokerages predict that CGI Inc (NYSE:GIB) (TSE:GIB.A) will announce earnings of $0.92 per share for the current fiscal quarter, according to Zacks Investment Research. Four analysts have provided estimates for CGI’s earnings. The lowest EPS estimate is $0.90 and the highest is $0.94. CGI posted earnings per share of $0.83 during the same quarter last year, which indicates a positive year-over-year growth rate of 10.8%. The business is scheduled to announce its next earnings report on Wednesday, November 6th.

On average, analysts expect that CGI will report full-year earnings of $3.56 per share for the current fiscal year, with EPS estimates ranging from $3.46 to $3.61. For the next fiscal year, analysts forecast that the business will post earnings of $3.90 per share, with EPS estimates ranging from $3.78 to $4.13. Zacks Investment Research’s earnings per share averages are a mean average based on a survey of research analysts that follow CGI.

CGI (NYSE:GIB) (TSE:GIB.A) last issued its quarterly earnings data on Wednesday, July 31st. The technology company reported $0.91 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $0.92 by ($0.01). CGI had a net margin of 10.32% and a return on equity of 18.78%. The business had revenue of $3.12 billion during the quarter, compared to the consensus estimate of $3.15 billion. During the same quarter in the previous year, the firm posted $1.08 EPS. The company’s revenue for the quarter was up 6.1% compared to the same quarter last year.

Several equities analysts have issued reports on the company. Zacks Investment Research downgraded CGI from a “buy” rating to a “hold” rating in a research report on Wednesday, August 7th. Bank of America assumed coverage on CGI in a research report on Thursday, May 23rd. They issued a “buy” rating and a $83.00 price objective for the company. Societe Generale downgraded CGI from a “hold” rating to a “sell” rating in a research report on Thursday, August 1st. CIBC downgraded CGI from a “sector outperform” rating to a “neutral” rating in a research report on Thursday, April 25th. Finally, National Bank Financial reiterated a “buy” rating on shares of CGI in a research report on Wednesday, July 31st. One research analyst has rated the stock with a sell rating, two have assigned a hold rating and six have issued a buy rating to the company’s stock. CGI has an average rating of “Buy” and a consensus target price of $87.67.

Several hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Marshall Wace North America L.P. purchased a new stake in shares of CGI in the 1st quarter valued at $3,129,000. Csenge Advisory Group raised its holdings in CGI by 9.7% during the first quarter. Csenge Advisory Group now owns 3,713 shares of the technology company’s stock worth $255,000 after purchasing an additional 327 shares in the last quarter. Henry James International Management Inc. raised its holdings in CGI by 53.6% during the first quarter. Henry James International Management Inc. now owns 106,127 shares of the technology company’s stock worth $7,297,000 after purchasing an additional 37,047 shares in the last quarter. Bartlett & Co. LLC acquired a new stake in CGI during the first quarter worth approximately $56,000. Finally, Quadrant Capital Group LLC raised its holdings in CGI by 52.8% during the first quarter. Quadrant Capital Group LLC now owns 5,041 shares of the technology company’s stock worth $340,000 after purchasing an additional 1,741 shares in the last quarter. 58.05% of the stock is owned by institutional investors.

GIB traded up $1.27 during trading on Friday, hitting $77.86. The company’s stock had a trading volume of 145,500 shares, compared to its average volume of 160,416. The firm’s 50 day moving average price is $77.80 and its two-hundred day moving average price is $72.25. The company has a quick ratio of 0.75, a current ratio of 1.09 and a debt-to-equity ratio of 0.35. CGI has a 12 month low of $57.35 and a 12 month high of $80.50. The stock has a market capitalization of $20.64 billion, a price-to-earnings ratio of 24.26, a price-to-earnings-growth ratio of 2.30 and a beta of 0.54.

About CGI

CGI Inc, together with its subsidiaries, provides information technology (IT) and business process services in Canada, Northern Europe, France, the United States, the United Kingdom, Europe, and the Asia Pacific. Its services include the management of IT and business outsourcing, systems integration and consulting, and software solutions selling activities.

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Earnings History and Estimates for CGI (NYSE:GIB)

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