Cormark Comments on Canaccord Genuity Group Inc’s FY2018 Earnings (CF)
Canaccord Genuity Group Inc (TSE:CF) – Stock analysts at Cormark increased their FY2018 earnings estimates for Canaccord Genuity Group in a research report issued to clients and investors on Thursday. Cormark analyst J. Fenwick now anticipates that the financial services provider will post earnings per share of $0.53 for the year, up from their previous estimate of $0.41. Cormark also issued estimates for Canaccord Genuity Group’s Q4 2018 earnings at $0.22 EPS, Q1 2019 earnings at $0.16 EPS and FY2019 earnings at $0.69 EPS.
Separately, TD Securities cut their price objective on shares of Canaccord Genuity Group from C$7.00 to C$6.00 and set a “buy” rating on the stock in a report on Wednesday, November 8th.
In other news, Director Terrence Lyons bought 5,400 shares of the company’s stock in a transaction that occurred on Thursday, February 8th. The shares were purchased at an average price of C$5.74 per share, for a total transaction of C$30,996.00. Also, Director Marcus Geoffrey John Freeman bought 94,200 shares of the company’s stock in a transaction that occurred on Thursday, November 16th. The stock was purchased at an average price of C$4.57 per share, for a total transaction of C$430,494.00. In the last 90 days, insiders have bought 112,900 shares of company stock worth $519,212.
The business also recently disclosed a quarterly dividend, which will be paid on Thursday, March 15th. Stockholders of record on Friday, March 2nd will be issued a dividend of $0.01 per share. The ex-dividend date of this dividend is Thursday, March 1st. This represents a $0.04 annualized dividend and a dividend yield of 0.67%. Canaccord Genuity Group’s dividend payout ratio (DPR) is currently 23.08%.
Canaccord Genuity Group Company Profile
Canaccord Genuity Group Inc is a Canada-based independent financial services company. The Company has operations in two principal segments of the securities industry: wealth management and capital markets. The Company’s segments include Canaccord Genuity, Canaccord Genuity Wealth Management, and Corporate and Other.
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