FY2026 EPS Forecast for IGM Financial Increased by Analyst

Key Points

• National Bank Financial has raised its FY2026 earnings estimate for IGM Financial to $4.80 per share, up from a previous forecast of $4.73.
• The company announced a quarterly dividend of $0.5625, reflecting a 4.88% yield, with the ex-dividend date set for June 30th.
• Despite positive earnings projections, IGM Financial's stock has decreased by 0.3%, currently trading at C$46.10.

IGM Financial Inc. (TSE:IGM - Free Report) - Equities researchers at National Bank Financial lifted their FY2026 earnings per share estimates for shares of IGM Financial in a research report issued on Monday, July 28th. National Bank Financial analyst J. Gloyn now expects that the financial services provider will post earnings per share of $4.80 for the year, up from their previous estimate of $4.73. The consensus estimate for IGM Financial's current full-year earnings is $4.01 per share.

IGM has been the subject of a number of other research reports. Jefferies Financial Group boosted their price objective on IGM Financial from C$42.00 to C$46.00 in a research report on Wednesday, July 30th. BMO Capital Markets reduced their price objective on IGM Financial from C$47.00 to C$46.00 in a research report on Monday, May 12th. Royal Bank Of Canada upgraded IGM Financial to a "hold" rating and set a C$46.00 price objective for the company in a research report on Wednesday, June 18th. Scotiabank increased their price target on IGM Financial from C$49.00 to C$51.00 in a research note on Friday, May 9th. Finally, National Bankshares upped their price objective on shares of IGM Financial from C$54.00 to C$56.00 and gave the stock an "outperform" rating in a report on Tuesday, July 29th. Three equities research analysts have rated the stock with a hold rating and two have issued a buy rating to the company's stock. According to MarketBeat.com, IGM Financial presently has an average rating of "Hold" and a consensus price target of C$50.14.

IGM Financial Stock Performance

Shares of IGM traded down C$0.95 during mid-day trading on Thursday, hitting C$44.93. The stock had a trading volume of 179,645 shares, compared to its average volume of 307,388. IGM Financial has a fifty-two week low of C$35.33 and a fifty-two week high of C$47.96. The company has a market cap of C$10.71 billion, a PE ratio of 11.51, a PEG ratio of 4.09 and a beta of 1.53. The company has a quick ratio of 0.31, a current ratio of 3.61 and a debt-to-equity ratio of 97.24. The company's fifty day simple moving average is C$43.92 and its two-hundred day simple moving average is C$43.99.

IGM Financial Cuts Dividend

The business also recently announced a quarterly dividend, which was paid on Thursday, July 31st. Stockholders of record on Thursday, July 31st were given a dividend of $0.5625 per share. The ex-dividend date of this dividend was Monday, June 30th. This represents a $2.25 dividend on an annualized basis and a dividend yield of 5.0%. IGM Financial's payout ratio is 57.64%.

IGM Financial Company Profile

IGM Financial is the largest non-bank-affiliated asset manager in Canada. The firm is part of the Power Financial group of companies, which includes Great-West Life, London Life, Canada Life, and Putnam Investments. IGM has two main operating divisionsasset management (operated through Mackenzie Investments) and wealth management (via its Investors Group Wealth Management and Investment Planning Counsel subsidiaries)that provide investment management products and services.