IGM Financial (IGM) Set to Announce Quarterly Earnings on Thursday

IGM Financial (TSE:IGM) will be announcing its earnings results after the market closes on Thursday, May 6th. Analysts expect the company to announce earnings of C$0.85 per share for the quarter.

IGM Financial (TSE:IGM) last issued its quarterly earnings data on Thursday, February 11th. The financial services provider reported C$0.86 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of C$0.91 by C($0.05). The firm had revenue of C$812.81 million during the quarter.

IGM Financial stock opened at C$44.75 on Wednesday. The business’s 50-day moving average price is C$40.17 and its 200 day moving average price is C$35.94. The company has a quick ratio of 0.39, a current ratio of 2.61 and a debt-to-equity ratio of 45.41. The firm has a market cap of C$10.66 billion and a price-to-earnings ratio of 13.95. IGM Financial has a 52 week low of C$26.61 and a 52 week high of C$45.12.

IGM has been the topic of a number of analyst reports. CIBC raised their price objective on shares of IGM Financial from C$45.00 to C$49.00 in a research note on Tuesday. Canaccord Genuity lifted their price objective on shares of IGM Financial from C$39.50 to C$44.00 and gave the company a “strong-buy” rating in a report on Friday, March 26th. TD Securities increased their target price on shares of IGM Financial from C$41.00 to C$47.00 and gave the stock a “hold” rating in a research note on Monday, April 26th. National Bankshares set a C$51.00 price target on IGM Financial and gave the company an “outperform” rating in a research note on Friday, April 30th. Finally, BMO Capital Markets increased their price target on IGM Financial from C$41.00 to C$44.00 and gave the stock a “market perform” rating in a research report on Tuesday. Four investment analysts have rated the stock with a hold rating, two have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. The stock currently has a consensus rating of “Buy” and a consensus price target of C$45.29.

About IGM Financial

IGM Financial Inc operates as a wealth and asset management company in Canada. It operates through Wealth Management, Asset Management, and Strategic Investments and Other segments. The company offers financial advisory services; IG Living Plan that provides financial planning services, such as investment vehicles, insurance products, mortgage and banking solutions, and charitable giving program; IG Wealth Management Advisor Portal, a customer relationship management platform; and IG Wealth Management's dealer platform, which provides increased automation and supports both MFDA and IIROC licensed advisors, as well as new products on its investment dealer platform.

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Earnings History for IGM Financial (TSE:IGM)

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