CI Financial Corp (TSE:CIX) – Stock analysts at Desjardins cut their FY2020 earnings per share (EPS) estimates for CI Financial in a report released on Monday, March 23rd. Desjardins analyst G. Ho now expects that the company will post earnings of $2.18 per share for the year, down from their prior forecast of $2.70. Desjardins also issued estimates for CI Financial’s FY2021 earnings at $2.21 EPS.
CI Financial (TSE:CIX) last released its earnings results on Friday, February 14th. The company reported C$0.66 earnings per share for the quarter, topping the consensus estimate of C$0.63 by C$0.03. The business had revenue of C$534.70 million for the quarter.
TSE:CIX opened at C$13.85 on Thursday. CI Financial has a twelve month low of C$11.12 and a twelve month high of C$25.81. The company has a market cap of $2.77 billion and a price-to-earnings ratio of 6.05. The stock has a fifty day simple moving average of C$20.68 and a 200-day simple moving average of C$20.82. The company has a current ratio of 0.70, a quick ratio of 0.38 and a debt-to-equity ratio of 111.85.
In related news, Director William Thomas Holland sold 105,000 shares of CI Financial stock in a transaction dated Wednesday, February 19th. The stock was sold at an average price of C$25.21, for a total value of C$2,646,693.00. Following the completion of the sale, the director now directly owns 289,720 shares in the company, valued at C$7,302,856.15. Also, Director Sheila A. Murray sold 25,000 shares of the business’s stock in a transaction dated Friday, January 24th. The stock was sold at an average price of C$23.19, for a total transaction of C$579,737.50. Following the completion of the transaction, the director now owns 50,047 shares of the company’s stock, valued at C$1,160,564.91. Insiders sold 171,211 shares of company stock valued at $4,190,661 over the last 90 days.
About CI Financial
CI Financial Corp. is a publicly owned asset management holding company. Through its subsidiaries, the firm manages separate client focused equity, fixed income, and alternative investments portfolios. It also manages mutual funds, hedge funds, and fund of funds for its clients through its subsidiaries.
See Also: Penny Stocks, Risk and Reward Factors
Receive News & Ratings for CI Financial Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for CI Financial and related companies with MarketBeat.com's FREE daily email newsletter.