Cormark Has Pessimistic Outlook of TSE:CF FY2026 Earnings

Key Points

• Cormark Genuity has lowered its FY2026 EPS estimate for Canaccord Genuity Group to $0.77, down from $0.88, reflecting a pessimistic outlook.
• The stock is currently trading at C$9.50, with a PE ratio of -39.80 and a market capitalization of C$972.86 million.
• Canaccord Genuity Group announced a quarterly dividend of $0.085, representing a dividend yield of 3.6%.

Canaccord Genuity Group Inc. (TSE:CF - Free Report) - Equities research analysts at Cormark dropped their FY2026 EPS estimates for shares of Canaccord Genuity Group in a note issued to investors on Monday, August 11th. Cormark analyst J. Fenwick now forecasts that the financial services provider will post earnings of $0.77 per share for the year, down from their previous estimate of $0.88. The consensus estimate for Canaccord Genuity Group's current full-year earnings is $0.86 per share. Cormark also issued estimates for Canaccord Genuity Group's FY2027 earnings at $0.99 EPS.

Canaccord Genuity Group Trading Down 1.1%

Shares of Canaccord Genuity Group stock opened at C$9.50 on Tuesday. The firm has a market capitalization of C$972.86 million, a PE ratio of -39.80, a price-to-earnings-growth ratio of 0.54 and a beta of 1.61. The company has a current ratio of 1.23, a quick ratio of 1.05 and a debt-to-equity ratio of 117.91. The firm's 50 day moving average is C$10.31 and its 200 day moving average is C$9.23. Canaccord Genuity Group has a 1 year low of C$7.45 and a 1 year high of C$11.50.

Canaccord Genuity Group Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, September 10th. Stockholders of record on Wednesday, September 10th will be paid a $0.085 dividend. The ex-dividend date of this dividend is Friday, August 29th. This represents a $0.34 annualized dividend and a dividend yield of 3.6%. Canaccord Genuity Group's dividend payout ratio is currently -142.45%.

Canaccord Genuity Group Company Profile

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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.