Equities research analysts expect CGI Inc (NYSE:GIB) (TSE:GIB.A) to post sales of $2.35 billion for the current fiscal quarter, according to Zacks Investment Research. Four analysts have issued estimates for CGI’s earnings, with the lowest sales estimate coming in at $2.33 billion and the highest estimate coming in at $2.37 billion. CGI reported sales of $2.28 billion in the same quarter last year, which indicates a positive year over year growth rate of 3.1%. The business is scheduled to report its next earnings report before the market opens on Wednesday, July 31st.

According to Zacks, analysts expect that CGI will report full-year sales of $9.12 billion for the current financial year, with estimates ranging from $9.09 billion to $9.17 billion. For the next fiscal year, analysts anticipate that the firm will report sales of $9.64 billion, with estimates ranging from $9.51 billion to $9.92 billion. Zacks Investment Research’s sales calculations are a mean average based on a survey of sell-side analysts that cover CGI.

CGI (NYSE:GIB) (TSE:GIB.A) last announced its earnings results on Wednesday, May 1st. The technology company reported $1.17 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.89 by $0.28. CGI had a net margin of 10.29% and a return on equity of 18.34%. The company had revenue of $3.07 billion for the quarter, compared to the consensus estimate of $3.06 billion. During the same period in the previous year, the business earned $1.04 EPS. The company’s revenue was up 4.0% on a year-over-year basis.

Several brokerages have issued reports on GIB. Zacks Investment Research downgraded shares of Hancock Jaffe Laboratories from a “buy” rating to a “hold” rating in a research note on Wednesday, June 26th. Bank of America set a $30.00 target price on shares of L Brands and gave the company a “hold” rating in a research note on Thursday, May 23rd. Finally, CIBC downgraded shares of CGI from a “sector outperform” rating to a “neutral” rating in a research note on Thursday, April 25th. Three analysts have rated the stock with a hold rating and six have issued a buy rating to the company. CGI currently has a consensus rating of “Buy” and a consensus target price of $82.75.

A number of large investors have recently made changes to their positions in the business. Bremer Bank National Association acquired a new position in shares of CGI in the first quarter worth $25,000. Zions Bancorporation N.A. acquired a new position in shares of CGI in the second quarter worth $28,000. Parallel Advisors LLC increased its stake in shares of CGI by 59.0% in the first quarter. Parallel Advisors LLC now owns 574 shares of the technology company’s stock worth $39,000 after acquiring an additional 213 shares during the last quarter. Icon Wealth Partners LLC acquired a new position in shares of CGI in the first quarter worth $54,000. Finally, Bartlett & Co. LLC acquired a new position in shares of CGI in the first quarter worth $56,000. 56.76% of the stock is currently owned by institutional investors.

NYSE:GIB traded down $0.55 during trading hours on Friday, hitting $78.30. 147,531 shares of the stock traded hands, compared to its average volume of 143,863. The business’s 50 day simple moving average is $75.76. The company has a current ratio of 1.16, a quick ratio of 0.82 and a debt-to-equity ratio of 0.28. CGI has a fifty-two week low of $57.35 and a fifty-two week high of $79.04. The firm has a market capitalization of $21.47 billion, a price-to-earnings ratio of 24.39, a price-to-earnings-growth ratio of 2.37 and a beta of 0.54.

CGI Company Profile

CGI Inc, together with its subsidiaries, provides information technology (IT) and business process services in Canada, Northern Europe, France, the United States, the United Kingdom, Europe, and the Asia Pacific. Its services include the management of IT and business outsourcing, systems integration and consulting, and software solutions selling activities.

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Earnings History and Estimates for CGI (NYSE:GIB)

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