Scotiabank Forecasts CGI’s FY2025 Earnings (NYSE:GIB)

CGI Inc. (NYSE:GIB) (TSE:GIB.A) – Investment analysts at Scotiabank cut their FY2025 earnings per share estimates for shares of CGI in a research note issued on Monday, June 9th. Scotiabank analyst D. Goyal now expects that the technology company will post earnings of $6.02 per share for the year, down from their previous forecast of $6.04. The consensus estimate for CGI’s current full-year earnings is $5.79 per share. Scotiabank also issued estimates for CGI’s FY2026 earnings at $6.22 EPS.

CGI (NYSE:GIB) (TSE:GIB.A) last posted its earnings results on Wednesday, April 30th. The technology company reported $1.48 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $1.50 by ($0.02). CGI had a net margin of 11.72% and a return on equity of 19.32%. The business had revenue of $2.80 billion during the quarter, compared to analyst estimates of $4.05 billion. During the same quarter last year, the firm earned $1.97 earnings per share. CGI’s revenue was up 7.6% compared to the same quarter last year.

Separately, Royal Bank of Canada reissued an “outperform” rating and set a $192.00 target price on shares of CGI in a research report on Wednesday, March 26th. Two analysts have rated the stock with a hold rating, two have issued a buy rating and two have issued a strong buy rating to the company’s stock. Based on data from MarketBeat, CGI has an average rating of “Buy” and an average target price of $156.75.

CGI Stock Up 0.9%

CGI stock opened at $109.71 on Wednesday. The company has a current ratio of 1.31, a quick ratio of 1.04 and a debt-to-equity ratio of 0.28. CGI has a 1-year low of $92.85 and a 1-year high of $122.79. The firm’s fifty day simple moving average is $105.69 and its 200-day simple moving average is $108.31. The company has a market capitalization of $24.87 billion, a P/E ratio of 19.84, a P/E/G ratio of 2.58 and a beta of 0.78.

CGI Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Friday, June 20th. Investors of record on Friday, May 16th will be paid a $0.1086 dividend. The ex-dividend date is Friday, May 16th. This is a positive change from CGI’s previous quarterly dividend of $0.10. This represents a $0.43 dividend on an annualized basis and a yield of 0.40%. CGI’s dividend payout ratio (DPR) is presently 7.83%.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently bought and sold shares of the company. Royal Bank of Canada increased its stake in shares of CGI by 10.1% in the first quarter. Royal Bank of Canada now owns 8,151,753 shares of the technology company’s stock worth $813,792,000 after purchasing an additional 747,918 shares during the period. Vanguard Group Inc. grew its holdings in CGI by 1.2% in the 1st quarter. Vanguard Group Inc. now owns 8,037,045 shares of the technology company’s stock valued at $802,338,000 after buying an additional 94,266 shares during the last quarter. Federation des caisses Desjardins du Quebec grew its holdings in CGI by 22.5% in the 1st quarter. Federation des caisses Desjardins du Quebec now owns 4,933,984 shares of the technology company’s stock valued at $491,725,000 after buying an additional 907,876 shares during the last quarter. Mackenzie Financial Corp increased its position in CGI by 0.9% in the 1st quarter. Mackenzie Financial Corp now owns 4,755,285 shares of the technology company’s stock worth $474,702,000 after buying an additional 41,631 shares during the period. Finally, Fiera Capital Corp lifted its holdings in shares of CGI by 2.1% during the first quarter. Fiera Capital Corp now owns 4,380,743 shares of the technology company’s stock worth $437,770,000 after buying an additional 89,458 shares during the last quarter. Institutional investors and hedge funds own 66.68% of the company’s stock.

About CGI

CGI Inc, together with its subsidiaries, provides information technology (IT) and business process services. Its services include the business and strategic IT consulting, systems integration, and software solutions. The company also provides application development, modernization and maintenance, holistic enterprise digitization, automation, hybrid and cloud management, and business process services; intellectual property-based solutions; business consulting; managed IT services; and IT infrastructure services.