CGI Group FY2025 EPS Boosted by Raymond James Financial

Key Points

• Analysts at Raymond James Financial have raised their FY2025 EPS estimates for CGI Group to $6.05, slightly above the previous forecast of $6.03 and higher than the consensus estimate of $5.79.
• CGI Group reported quarterly earnings of $1.52 per share, exceeding analysts' expectations by $0.01, despite revenue falling short at $3 billion against estimates of $4.01 billion.
• The company declared a quarterly dividend of $0.1086 per share, an increase from the prior dividend of $0.11, which reflects a yield of 0.5% and a payout ratio of 7.83%.

CGI Group, Inc. (NYSE:GIB - Free Report) TSE: GIB.A - Analysts at Raymond James Financial lifted their FY2025 earnings estimates for shares of CGI Group in a research report issued to clients and investors on Wednesday, July 30th. Raymond James Financial analyst S. Li now anticipates that the technology company will post earnings of $6.05 per share for the year, up from their previous estimate of $6.03. The consensus estimate for CGI Group's current full-year earnings is $5.79 per share.

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

GIB has been the subject of a number of other reports. UBS Group decreased their price target on CGI Group from $112.00 to $105.00 and set a "neutral" rating for the company in a research note on Thursday, July 31st. Royal Bank Of Canada lowered their price objective on CGI Group from $185.00 to $175.00 and set an "outperform" rating on the stock in a report on Thursday, July 31st. Two 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 data from MarketBeat, the stock has an average rating of "Moderate Buy" and an average price target of $148.25.

CGI Group Trading Up 1.0%

NYSE:GIB traded up $0.97 during mid-day trading on Friday, reaching $97.94. The company's stock had a trading volume of 281,278 shares, compared to its average volume of 276,722. The stock has a market cap of $21.83 billion, a P/E ratio of 18.10, a P/E/G ratio of 1.76 and a beta of 0.72. CGI Group has a twelve month low of $92.85 and a twelve month high of $122.79. The company has a debt-to-equity ratio of 0.35, a current ratio of 1.27 and a quick ratio of 0.94. The company's fifty day simple moving average is $104.10 and its two-hundred day simple moving average is $106.29.

CGI Group Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Friday, September 19th. Investors of record on Friday, August 15th will be paid a $0.1086 dividend. The ex-dividend date is Friday, August 15th. This is a positive change from CGI Group's previous quarterly dividend of $0.11. This represents a $0.43 annualized dividend and a yield of 0.4%. CGI Group's dividend payout ratio (DPR) is currently 8.13%.

Hedge Funds Weigh In On CGI Group

Several institutional investors have recently bought and sold shares of the company. Royal Bank of Canada raised its holdings in CGI Group by 10.1% during 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. raised its holdings in CGI Group by 1.2% during the 1st quarter. Vanguard Group Inc. now owns 8,037,045 shares of the technology company's stock valued at $802,338,000 after acquiring an additional 94,266 shares during the period. Federation des caisses Desjardins du Quebec increased its holdings in shares of CGI Group by 22.5% in the first quarter. Federation des caisses Desjardins du Quebec now owns 4,933,984 shares of the technology company's stock worth $491,725,000 after purchasing an additional 907,876 shares during the period. Mackenzie Financial Corp increased its holdings in shares of CGI Group by 0.9% in the first 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 during the period. Finally, Fiera Capital Corp increased its holdings in shares of CGI Group by 2.1% in the first 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. Hedge funds and other institutional investors own 66.68% of the company's stock.

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.