CGI (NYSE:GIB) Issues Quarterly Earnings Results, Beats Estimates By $0.29 EPS
CGI (NYSE:GIB) (TSE:GIB.A) posted its quarterly earnings data on Wednesday. The technology company reported $1.21 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.92 by $0.29, Briefing.com reports. CGI had a return on equity of 18.78% and a net margin of 10.32%. The firm had revenue of $2.96 billion during the quarter, compared to the consensus estimate of $2.99 billion. During the same period in the prior year, the company earned $1.09 EPS. The firm’s revenue was up 5.7% compared to the same quarter last year.
NYSE GIB traded up $0.68 during mid-day trading on Friday, hitting $80.26. The stock had a trading volume of 174,372 shares, compared to its average volume of 160,287. CGI has a twelve month low of $57.35 and a twelve month high of $80.59. The stock has a market capitalization of $20.93 billion, a price-to-earnings ratio of 22.67, a PEG ratio of 2.15 and a beta of 0.53. The firm’s 50 day moving average is $78.06 and its 200 day moving average is $76.48. The company has a debt-to-equity ratio of 0.35, a current ratio of 1.09 and a quick ratio of 0.75.
Several research analysts recently commented on GIB shares. Zacks Investment Research raised CGI from a “sell” rating to a “buy” rating and set a $89.00 price objective for the company in a research note on Friday. Societe Generale downgraded CGI from a “hold” rating to a “sell” rating in a research note on Thursday, August 1st. ValuEngine downgraded CGI from a “hold” rating to a “sell” rating in a research note on Friday, November 1st. Desjardins raised CGI from a “hold” rating to a “buy” rating in a research note on Tuesday, October 8th. Finally, CIBC reissued a “hold” rating and issued a $106.00 price objective on shares of CGI in a research note on Thursday. Two research analysts have rated the stock with a sell rating, one has given a hold rating and seven have given a buy rating to the company. The company has a consensus rating of “Buy” and an average target price of $95.60.
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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