CGI (TSE:GIB.A) Releases Earnings Results

CGI (TSE:GIB.A) (NYSE:GIB) posted its quarterly earnings data on Wednesday. The company reported C$2.31 earnings per share for the quarter, FiscalAI reports. CGI had a net margin of 11.51% and a return on equity of 19.51%. The business had revenue of C$4.15 billion during the quarter.

CGI Stock Performance

GIB.A opened at C$115.61 on Thursday. The company has a current ratio of 1.16, a quick ratio of 0.97 and a debt-to-equity ratio of 34.24. The business’s 50 day moving average is C$104.56 and its 200-day moving average is C$100.25. The stock has a market cap of C$23.94 billion, a PE ratio of 14.36, a price-to-earnings-growth ratio of 2.24 and a beta of 0.29. CGI has a twelve month low of C$83.34 and a twelve month high of C$131.97.

CGI Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Friday, September 18th. Shareholders of record on Friday, September 18th were paid a dividend of $0.17 per share. This represents a $0.68 dividend on an annualized basis and a yield of 0.6%. The ex-dividend date of this dividend was Friday, August 14th. CGI’s payout ratio is presently 6.09%.

Analyst Upgrades and Downgrades

Several equities research analysts have issued reports on GIB.A shares. Stifel Nicolaus boosted their price objective on shares of CGI from C$110.00 to C$120.00 and gave the stock a “buy” rating in a research note on Thursday, July 30th. TD raised their target price on shares of CGI from C$99.00 to C$118.00 and gave the company a “hold” rating in a research note on Thursday, July 30th. Canadian Imperial Bank of Commerce raised their target price on shares of CGI from C$107.00 to C$108.00 in a research note on Thursday, July 30th. Finally, Desjardins reduced their target price on shares of CGI from C$118.00 to C$115.00 and set a “buy” rating on the stock in a report on Thursday, October 8th. Seven equities research analysts have rated the stock with a Buy rating and five have issued a Hold rating to the company’s stock. Based on data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus target price of C$124.00.

CGI Company Profile

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.