IGM Financial (IGM) Set to Announce Quarterly Earnings on Thursday

IGM Financial (TSE:IGMGet Free Report) will be announcing its earnings results after the market closes on Thursday, February 15th. Analysts expect the company to announce earnings of C$0.88 per share for the quarter.

IGM Financial Stock Performance

Shares of IGM Financial stock opened at C$36.35 on Tuesday. The firm has a market capitalization of C$8.66 billion, a P/E ratio of 9.04, a price-to-earnings-growth ratio of 4.24 and a beta of 1.56. The company has a current ratio of 1.74, a quick ratio of 0.31 and a debt-to-equity ratio of 48.87. The business’s fifty day simple moving average is C$35.45 and its 200 day simple moving average is C$35.49. IGM Financial has a 12 month low of C$30.34 and a 12 month high of C$43.97.

IGM Financial Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Wednesday, January 31st. Shareholders of record on Wednesday, January 31st were paid a $0.563 dividend. This represents a $2.25 annualized dividend and a yield of 6.20%. The ex-dividend date of this dividend was Thursday, December 28th. IGM Financial’s dividend payout ratio is presently 55.97%.

Analyst Upgrades and Downgrades

Several research analysts have recently commented on IGM shares. Royal Bank of Canada lifted their price objective on IGM Financial from C$42.00 to C$43.00 in a report on Thursday, January 4th. Scotiabank boosted their price objective on IGM Financial from C$40.00 to C$44.00 and gave the company a “sector perform” rating in a research report on Wednesday, January 31st. TD Securities raised their target price on shares of IGM Financial from C$37.00 to C$38.00 and gave the stock a “buy” rating in a report on Wednesday, December 6th. National Bankshares upped their price target on shares of IGM Financial from C$44.00 to C$46.00 and gave the company an “outperform” rating in a report on Monday, February 5th. Finally, CIBC cut their price target on shares of IGM Financial from C$50.00 to C$42.00 and set an “outperform” rating on the stock in a report on Thursday, October 26th. Three investment analysts have rated the stock with a hold rating and three have issued a buy rating to the company’s stock. According to MarketBeat.com, IGM Financial presently has an average rating of “Moderate Buy” and a consensus target price of C$42.14.

Read Our Latest Report on IGM Financial

About IGM Financial

(Get Free Report)

IGM Financial Inc operates as a wealth and asset management company in Canada. It operates through Wealth Management, Asset Management, and Strategic Investments and Other segments. The company offers financial advisory services; and IG Living Plan that provides financial planning services, such as investment vehicles, insurance products, mortgage and banking solutions, and charitable giving program.

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Earnings History for IGM Financial (TSE:IGM)

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