Canaccord Genuity Group Inc. (TSE:CF) Expected to Earn Q4 2024 Earnings of $0.18 Per Share

Canaccord Genuity Group Inc. (TSE:CFFree Report) – Raymond James cut their Q4 2024 earnings estimates for shares of Canaccord Genuity Group in a research report issued on Thursday, February 8th. Raymond James analyst S. Boland now expects that the financial services provider will earn $0.18 per share for the quarter, down from their prior forecast of $0.20. The consensus estimate for Canaccord Genuity Group’s current full-year earnings is $1.02 per share.

Separately, TD Securities upgraded shares of Canaccord Genuity Group from a “hold” rating to a “buy” rating and raised their price target for the stock from C$8.50 to C$10.00 in a report on Friday. One investment analyst has rated the stock with a hold rating, three have assigned a buy rating and one has given a strong buy rating to the company. According to MarketBeat, Canaccord Genuity Group currently has an average rating of “Buy” and a consensus target price of C$10.29.

View Our Latest Research Report on CF

Canaccord Genuity Group Stock Up 6.3 %

Shares of CF opened at C$8.60 on Monday. The company has a market capitalization of C$878.83 million, a PE ratio of -26.88, a PEG ratio of 0.54 and a beta of 1.62. Canaccord Genuity Group has a 12 month low of C$6.50 and a 12 month high of C$11.72. The stock’s 50-day moving average price is C$7.46 and its two-hundred day moving average price is C$7.68. The company has a current ratio of 1.24, a quick ratio of 1.05 and a debt-to-equity ratio of 41.38.

Canaccord Genuity Group (TSE:CFGet Free Report) last issued its earnings results on Wednesday, February 7th. The financial services provider reported C$0.20 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of C$0.13 by C$0.07. Canaccord Genuity Group had a positive return on equity of 1.90% and a negative net margin of 0.98%. The business had revenue of C$389.14 million during the quarter.

Canaccord Genuity Group Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Friday, March 15th. Stockholders of record on Friday, March 1st will be issued a $0.085 dividend. The ex-dividend date of this dividend is Thursday, February 29th. This represents a $0.34 dividend on an annualized basis and a dividend yield of 3.95%. Canaccord Genuity Group’s dividend payout ratio is presently -106.25%.

Canaccord Genuity Group Company Profile

(Get Free Report)

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.

See Also

Earnings History and Estimates for Canaccord Genuity Group (TSE:CF)

Receive News & Ratings for Canaccord Genuity Group Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Canaccord Genuity Group and related companies with MarketBeat.com's FREE daily email newsletter.