CGI (GIB) Set to Announce Quarterly Earnings on Wednesday

CGI (NYSE:GIB – Get Rating) (TSE:GIB.A) is set to release its quarterly earnings data before the market opens on Wednesday, February 1st. Analysts expect CGI to post earnings of $1.19 per share for the quarter. Investors interested in listening to the company’s conference call can do so using this link.

CGI (NYSE:GIB – Get Rating) (TSE:GIB.A) last issued its earnings results on Wednesday, November 9th. The technology company reported $1.20 EPS for the quarter, topping the consensus estimate of $1.18 by $0.02. The company had revenue of $2.49 billion during the quarter, compared to analyst estimates of $2.78 billion. CGI had a return on equity of 21.14% and a net margin of 11.40%. On average, analysts expect CGI to post $5 EPS for the current fiscal year and $5 EPS for the next fiscal year.

CGI Stock Performance

GIB stock opened at $87.76 on Wednesday. The stock’s 50 day simple moving average is $86.04 and its 200 day simple moving average is $82.55. CGI has a 12-month low of $72.23 and a 12-month high of $89.11. The firm has a market cap of $20.87 billion, a P/E ratio of 18.55, a P/E/G ratio of 1.88 and a beta of 0.93. The company has a current ratio of 1.19, a quick ratio of 0.87 and a debt-to-equity ratio of 0.44.

Analysts Set New Price Targets

A number of research analysts recently issued reports on the company. TD Securities boosted their price objective on CGI from C$135.00 to C$145.00 in a research report on Thursday, December 22nd. Raymond James boosted their target price on shares of CGI from C$130.00 to C$134.00 in a research note on Thursday, November 10th. Societe Generale lowered shares of CGI from a “buy” rating to a “hold” rating in a research note on Monday, November 14th. They noted that the move was a valuation call. StockNews.com upgraded CGI from a “hold” rating to a “buy” rating in a research report on Tuesday. Finally, Scotiabank increased their price objective on CGI from C$130.00 to C$135.00 in a report on Thursday, November 10th.

Institutional Trading of CGI

A number of institutional investors have recently made changes to their positions in GIB. Alliancebernstein L.P. increased its stake in shares of CGI by 1.4% during the third quarter. Alliancebernstein L.P. now owns 30,153 shares of the technology company’s stock valued at $2,269,000 after acquiring an additional 403 shares during the period. Vanguard Group Inc. boosted its stake in CGI by 0.7% during the 3rd quarter. Vanguard Group Inc. now owns 7,152,074 shares of the technology company’s stock valued at $538,122,000 after purchasing an additional 50,028 shares in the last quarter. BlackRock Inc. increased its position in shares of CGI by 2.8% during the 3rd quarter. BlackRock Inc. now owns 302,809 shares of the technology company’s stock valued at $22,783,000 after purchasing an additional 8,105 shares during the period. Cubist Systematic Strategies LLC raised its stake in shares of CGI by 79.7% in the 3rd quarter. Cubist Systematic Strategies LLC now owns 6,378 shares of the technology company’s stock worth $480,000 after buying an additional 2,828 shares in the last quarter. Finally, Goldman Sachs Group Inc. lifted its holdings in shares of CGI by 16.9% in the second quarter. Goldman Sachs Group Inc. now owns 591,690 shares of the technology company’s stock valued at $47,134,000 after buying an additional 85,683 shares during the period. 48.54% of the stock is owned by institutional investors and hedge funds.

CGI Company Profile

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CGI, Inc engages in the provision of information technology and consulting services. It operates through the following segments: Western and Southern Europe, U.S. Commercial and State Government, Canada, U.S. Federal, Scandinavia and Central Europe, UK and Australia; Finland, Poland, and Baltics, Northwest and Central-East Europe, and Asia Pacific.