Brokers Offer Predictions for Canaccord Genuity Group Inc.’s Q1 2024 Earnings (TSE:CF)

Canaccord Genuity Group Inc. (TSE:CF – Get Rating) – Equities researchers at Cormark dropped their Q1 2024 earnings per share (EPS) estimates for Canaccord Genuity Group in a research report issued to clients and investors on Tuesday, May 9th. Cormark analyst J. Fenwick now anticipates that the financial services provider will post earnings of $0.24 per share for the quarter, down from their prior forecast of $0.36. Cormark currently has a “Market Perform” rating and a $10.00 target price on the stock. The consensus estimate for Canaccord Genuity Group’s current full-year earnings is $1.15 per share. Cormark also issued estimates for Canaccord Genuity Group’s Q2 2024 earnings at $0.26 EPS and FY2024 earnings at $1.11 EPS.

Separately, TD Securities boosted their price objective on Canaccord Genuity Group from C$11.00 to C$11.50 and gave the stock a “hold” rating in a research note on Friday, February 10th.

Canaccord Genuity Group Price Performance

Shares of Canaccord Genuity Group stock opened at C$9.42 on Friday. Canaccord Genuity Group has a twelve month low of C$6.24 and a twelve month high of C$11.80. The stock has a market capitalization of C$936.16 million, a P/E ratio of -17.44, a PEG ratio of 0.54 and a beta of 1.62. The company has a current ratio of 1.17, a quick ratio of 1.05 and a debt-to-equity ratio of 34.64. The business’s fifty day moving average price is C$10.62 and its 200 day moving average price is C$9.78.

Canaccord Genuity Group (TSE:CF – Get Rating) last issued its earnings results on Wednesday, February 8th. The financial services provider reported C$0.16 earnings per share for the quarter, missing analysts’ consensus estimates of C$0.23 by C($0.07). Canaccord Genuity Group had a negative net margin of 1.73% and a positive return on equity of 0.78%. The firm had revenue of C$382.12 million during the quarter, compared to analyst estimates of C$391.30 million.

Canaccord Genuity Group Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Friday, March 10th. Stockholders of record on Friday, March 10th were issued a dividend of $0.085 per share. This represents a $0.34 annualized dividend and a dividend yield of 3.61%. The ex-dividend date of this dividend was Thursday, February 23rd. Canaccord Genuity Group’s dividend payout ratio (DPR) is presently -62.96%.

Canaccord Genuity Group Company Profile

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Canaccord Genuity Group Inc, a full-service financial services company, provides investment products, and investment banking and brokerage services to institutional, corporate, and private clients. It operates in two segments, Canaccord Genuity Capital Markets and Canaccord Genuity Wealth Management.