Q1 EPS Estimates for TSE:CF Cut by Raymond James Financial

Key Points

• Raymond James Financial has cut its Q1 2027 earnings per share (EPS) estimate for Canaccord Genuity Group from $0.32 to $0.28, indicating a cautious outlook.
• Canaccord Genuity Group has declared a quarterly dividend of $0.085 per share, with a yield of 3.5%, set to be paid on September 10th.
• The company's current market capitalization is approximately C$984.13 million, with shares recently trading down 1.8% at C$9.61.

Canaccord Genuity Group Inc. (TSE:CF - Free Report) - Equities researchers at Raymond James Financial lowered their Q1 2027 EPS estimates for Canaccord Genuity Group in a report issued on Friday, August 8th. Raymond James Financial analyst S. Boland now anticipates that the financial services provider will post earnings per share of $0.28 for the quarter, down from their prior estimate of $0.32. The consensus estimate for Canaccord Genuity Group's current full-year earnings is $0.86 per share. Raymond James Financial also issued estimates for Canaccord Genuity Group's Q2 2027 earnings at $0.30 EPS, Q3 2027 earnings at $0.32 EPS, Q4 2027 earnings at $0.30 EPS and FY2027 earnings at $1.21 EPS.

Separately, TD Securities raised shares of Canaccord Genuity Group from a "hold" rating to a "buy" rating and upped their price target for the stock from C$10.00 to C$12.00 in a research report on Tuesday.

Canaccord Genuity Group Trading Up 1.5%

TSE:CF traded up C$0.15 during trading hours on Monday, reaching C$10.36. 35,335 shares of the company were exchanged, compared to its average volume of 150,029. The company has a debt-to-equity ratio of 117.91, a current ratio of 1.23 and a quick ratio of 1.05. The firm has a market cap of C$1.06 billion, a price-to-earnings ratio of -43.41, a PEG ratio of 0.54 and a beta of 1.61. Canaccord Genuity Group has a 52-week low of C$7.45 and a 52-week high of C$11.50. The stock has a 50 day simple moving average of C$10.36 and a 200 day simple moving average of C$9.25.

Canaccord Genuity Group Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Wednesday, September 10th. Shareholders of record on Wednesday, September 10th will be paid a dividend of $0.085 per share. This represents a $0.34 dividend on an annualized basis and a yield of 3.3%. The ex-dividend date of this dividend is Friday, August 29th. Canaccord Genuity Group's payout ratio is presently -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.