Desjardins Has Positive Estimate for CGI Group Q2 Earnings

Key Points

• Desjardins has raised its Q2 2026 earnings per share estimate for CGI Group from $1.60 to $1.66, reflecting an optimistic outlook for the company.
• CGI Group reported earnings of $1.52 per share, surpassing analysts' expectations, and achieved a revenue growth of 11.4% compared to the same quarter the previous year.
• The company will distribute a quarterly dividend of $0.1086 per share, slightly increasing from the previous dividend of $0.11, and this reflects a payout ratio of 7.95%.

CGI Group, Inc. (NYSE:GIB - Free Report) TSE: GIB.A - Stock analysts at Desjardins raised their Q2 2026 earnings per share estimates for shares of CGI Group in a research report issued on Wednesday, July 30th. Desjardins analyst J. Dubreuil now forecasts that the technology company will earn $1.66 per share for the quarter, up from their prior estimate of $1.60. The consensus estimate for CGI Group's current full-year earnings is $5.79 per share. Desjardins also issued estimates for CGI Group's Q3 2026 earnings at $1.68 EPS, Q4 2026 earnings at $1.60 EPS and FY2026 earnings at $6.64 EPS.

CGI Group (NYSE:GIB - Get Free Report) TSE: GIB.A last posted its quarterly earnings data on Wednesday, July 30th. The technology company reported $1.52 earnings per share for the quarter, topping the consensus estimate of $1.51 by $0.01. The firm had revenue of $3 billion for the quarter, compared to analysts' expectations of $4.01 billion. CGI Group had a net margin of 11.01% and a return on equity of 18.53%. The company's quarterly revenue was up 11.4% compared to the same quarter last year. During the same period in the previous year, the company posted $1.91 EPS.

A number of other equities analysts also recently weighed in on GIB. UBS Group dropped their price target on shares of CGI Group from $112.00 to $105.00 and set a "neutral" rating on the stock in a research note on Thursday, July 31st. Royal Bank Of Canada decreased their price objective on shares of CGI Group from $185.00 to $175.00 and set an "outperform" rating for the company in a report on Thursday, July 31st. Two research analysts have rated the stock with a hold rating, two have given a buy rating and one has given a strong buy rating to the company's stock. According to MarketBeat, the stock has a consensus rating of "Moderate Buy" and an average target price of $148.25.

CGI Group Stock Down 1.8%

NYSE:GIB traded down $1.77 during trading hours on Monday, hitting $94.81. 197,163 shares of the company's stock traded hands, compared to its average volume of 277,606. The stock's fifty day moving average price is $103.68 and its two-hundred day moving average price is $106.16. The firm has a market cap of $21.13 billion, a P/E ratio of 17.52, a P/E/G ratio of 1.79 and a beta of 0.72. The company has a debt-to-equity ratio of 0.35, a quick ratio of 0.94 and a current ratio of 1.27. CGI Group has a twelve month low of $92.85 and a twelve month high of $122.79.

Hedge Funds Weigh In On CGI Group

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

CGI Group Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Friday, September 19th. Stockholders of record on Friday, August 15th will be paid a dividend of $0.1086 per share. This represents a $0.43 annualized dividend and a dividend yield of 0.5%. This is a boost from CGI Group's previous quarterly dividend of $0.11. The ex-dividend date of this dividend is Friday, August 15th. CGI Group's payout ratio is currently 7.95%.

CGI Group Company Profile

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.