National Bank Financial Increases Earnings Estimates for CGI

CGI Inc. (NYSE:GIB - Free Report) TSE: GIB.A - Research analysts at National Bank Financial raised their FY2025 EPS estimates for CGI in a report issued on Wednesday, April 30th. National Bank Financial analyst R. Tse now forecasts that the technology company will post earnings of $6.00 per share for the year, up from their previous estimate of $5.83. The consensus estimate for CGI's current full-year earnings is $5.79 per share. National Bank Financial also issued estimates for CGI's FY2026 earnings at $6.49 EPS.

CGI (NYSE:GIB - Get Free Report) TSE: GIB.A last posted its quarterly earnings results on Wednesday, April 30th. The technology company reported $1.48 earnings per share for the quarter, missing the consensus estimate of $1.50 by ($0.02). The business had revenue of $2.80 billion during the quarter, compared to the consensus estimate of $4.05 billion. CGI had a return on equity of 19.32% and a net margin of 11.72%. The business's revenue for the quarter was up 7.6% on a year-over-year basis. During the same period in the prior year, the firm earned $1.97 earnings per share.

A number of other equities research analysts have also weighed in on GIB. UBS Group lifted their price objective on CGI from $118.00 to $122.00 and gave the stock a "neutral" rating in a research report on Monday, February 3rd. Royal Bank of Canada reissued an "outperform" rating and issued a $192.00 target price on shares of CGI in a report on Wednesday, March 26th. Finally, Jefferies Financial Group lowered their price target on CGI from $140.00 to $135.00 and set a "buy" rating for the company in a research report on Tuesday, January 21st. Two equities research analysts have rated the stock with a hold rating, two have assigned a buy rating and two have given a strong buy rating to the stock. Based on data from MarketBeat, the company presently has a consensus rating of "Buy" and an average price target of $156.75.

CGI Trading Up 0.1 %

GIB traded up $0.15 during trading on Monday, hitting $106.38. 26,360 shares of the stock traded hands, compared to its average volume of 290,336. The company has a debt-to-equity ratio of 0.28, a current ratio of 1.31 and a quick ratio of 1.04. The firm has a 50-day moving average of $102.59 and a 200 day moving average of $109.03. The firm has a market capitalization of $24.12 billion, a P/E ratio of 19.24, a price-to-earnings-growth ratio of 2.58 and a beta of 0.78. CGI has a 12-month low of $92.85 and a 12-month high of $122.79.

Hedge Funds Weigh In On CGI

A number of hedge funds have recently bought and sold shares of GIB. Fifth Third Bancorp raised its holdings in shares of CGI by 239.5% during the first quarter. Fifth Third Bancorp now owns 258 shares of the technology company's stock valued at $26,000 after purchasing an additional 182 shares during the last quarter. Wilmington Savings Fund Society FSB purchased a new stake in CGI during the 3rd quarter valued at $28,000. Sierra Ocean LLC bought a new position in shares of CGI during the 4th quarter valued at $62,000. Bank Julius Baer & Co. Ltd Zurich purchased a new position in shares of CGI in the 4th quarter worth $83,000. Finally, Hoey Investments Inc. bought a new stake in shares of CGI in the fourth quarter worth $99,000. Hedge funds and other institutional investors own 66.68% of the company's stock.

CGI Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, June 20th. Investors of record on Friday, May 16th will be issued a $0.1086 dividend. This represents a $0.43 annualized dividend and a yield of 0.41%. This is an increase from CGI's previous quarterly dividend of $0.10. The ex-dividend date is Friday, May 16th. CGI's dividend payout ratio (DPR) is presently 7.47%.

CGI 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.