Colliers International Group (NASDAQ:CIGI) Announces Quarterly Earnings Results

Key Points

• Quarterly results: Colliers reported EPS of $0.91, missing estimates by $0.01, while revenue rose 15.1% year‑over‑year; the company posted a low net margin of 1.85% but a strong return on equity of 20.43%.
• Market reaction and valuation: Shares fell about 3.8% to $98.85 after the release, trading well below the 52‑week high of $171.51 with a market cap around $5.05 billion and a P/E of 49.03.
• Analyst and ownership context: Several brokers trimmed price targets but the consensus remains a "Moderate Buy" with a target of $165.38, and institutional investors own roughly 80.1% of the stock.

Colliers International Group (NASDAQ:CIGI - Get Free Report) TSE: CIGI issued its quarterly earnings results on Tuesday. The financial services provider reported $0.91 EPS for the quarter, missing analysts' consensus estimates of $0.92 by ($0.01), Briefing.com reports. Colliers International Group had a net margin of 1.85% and a return on equity of 20.43%. The firm's revenue for the quarter was up 15.1% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $0.87 EPS.

Colliers International Group Trading Down 3.8%

Shares of Colliers International Group stock traded down $3.90 on Tuesday, hitting $98.85. The stock had a trading volume of 25,431 shares, compared to its average volume of 337,418. The company has a quick ratio of 1.10, a current ratio of 1.10 and a debt-to-equity ratio of 1.06. Colliers International Group has a one year low of $95.55 and a one year high of $171.51. The stock's 50-day simple moving average is $110.38 and its two-hundred day simple moving average is $132.67. The stock has a market cap of $5.05 billion, a price-to-earnings ratio of 49.03 and a beta of 1.31.

Analyst Ratings Changes

A number of brokerages have recently weighed in on CIGI. Scotiabank lowered their price objective on shares of Colliers International Group from $185.00 to $155.00 and set an "outperform" rating for the company in a report on Tuesday, February 17th. Raymond James Financial decreased their target price on shares of Colliers International Group from $185.00 to $180.00 in a research report on Wednesday, April 29th. Zacks Research raised shares of Colliers International Group from a "strong sell" rating to a "hold" rating in a research note on Thursday, April 2nd. National Bank Financial cut their price target on shares of Colliers International Group from $160.00 to $143.00 and set an "outperform" rating for the company in a research report on Wednesday, April 8th. Finally, Stifel Nicolaus set a $175.00 price objective on Colliers International Group in a research note on Friday, March 13th. One equities research analyst has rated the stock with a Strong Buy rating, six have issued a Buy rating and four have issued a Hold rating to the company. According to data from MarketBeat, Colliers International Group has a consensus rating of "Moderate Buy" and a consensus target price of $165.38.

Institutional Investors Weigh In On Colliers International Group

A number of large investors have recently added to or reduced their stakes in CIGI. Caitong International Asset Management Co. Ltd purchased a new position in shares of Colliers International Group in the third quarter valued at about $26,000. Kestra Advisory Services LLC purchased a new stake in shares of Colliers International Group during the fourth quarter worth about $32,000. Arax Advisory Partners grew its stake in shares of Colliers International Group by 137.0% in the fourth quarter. Arax Advisory Partners now owns 218 shares of the financial services provider's stock worth $32,000 after purchasing an additional 126 shares during the last quarter. JPMorgan Chase & Co. purchased a new position in Colliers International Group during the 2nd quarter valued at about $39,000. Finally, EverSource Wealth Advisors LLC increased its holdings in Colliers International Group by 26.3% during the 2nd quarter. EverSource Wealth Advisors LLC now owns 303 shares of the financial services provider's stock valued at $40,000 after purchasing an additional 63 shares during the period. Institutional investors own 80.09% of the company's stock.

About Colliers International Group

Colliers International Group Inc is a global commercial real estate services and investment management firm offering a full suite of solutions to occupiers, owners and investors. The company's real estate services encompass brokerage and agency leasing, capital markets advisory, property and facility management, valuation and advisory, project and development services, workplace and corporate real estate solutions, and market research. Through these offerings, Colliers supports clients across the entire real estate life cycle, from site selection to asset disposition.

The firm operates through two principal segments: real estate services and investment management.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.