CI Financial (CIX) Scheduled to Post Quarterly Earnings on Friday

CI Financial (TSE:CIX) will be posting its quarterly earnings results before the market opens on Friday, May 10th. Analysts expect CI Financial to post earnings of C$0.87 per share for the quarter.

CI Financial (TSE:CIX) last announced its quarterly earnings data on Friday, February 23rd. The company reported C$0.81 earnings per share (EPS) for the quarter, beating the consensus estimate of C$0.73 by C$0.08. CI Financial had a return on equity of 0.29% and a net margin of 0.16%. The firm had revenue of C$715.60 million for the quarter, compared to analysts’ expectations of C$656.72 million.

CI Financial Trading Up 0.3 %

Shares of TSE CIX opened at C$16.75 on Wednesday. The stock’s 50 day moving average price is C$16.79 and its two-hundred day moving average price is C$15.54. CI Financial has a 52-week low of C$12.17 and a 52-week high of C$18.69. The stock has a market capitalization of C$2.58 billion, a P/E ratio of 47.86, a PEG ratio of 0.96 and a beta of 1.64. The company has a quick ratio of 0.17, a current ratio of 0.47 and a debt-to-equity ratio of 151.13.

Wall Street Analyst Weigh In

Several analysts have issued reports on the company. Royal Bank of Canada upped their price objective on CI Financial from C$19.00 to C$20.00 and gave the company a “sector perform” rating in a research note on Monday, April 29th. Raymond James set a C$19.00 price target on CI Financial and gave the stock a “market perform” rating in a research report on Thursday, February 22nd. CIBC increased their price target on CI Financial from C$15.00 to C$17.50 and gave the stock a “neutral” rating in a research report on Monday, January 29th. TD Securities upgraded CI Financial from a “buy” rating to an “action list buy” rating and increased their price target for the stock from C$21.00 to C$23.00 in a research report on Monday, February 26th. Finally, Scotiabank increased their price target on CI Financial from C$20.00 to C$21.00 and gave the stock a “sector perform” rating in a research report on Tuesday, April 30th. Six investment analysts have rated the stock with a hold rating, two have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. According to MarketBeat.com, the company currently has a consensus rating of “Hold” and a consensus target price of C$19.72.

CI Financial Company Profile

CI Financial Corp. is a publicly owned asset management holding company. Through its subsidiaries, the firm manages separate client focused equity, fixed income, and alternative investments portfolios. It also manages mutual funds, hedge funds, and fund of funds for its clients through its subsidiaries.