Cormark Comments on Canaccord Genuity Group Inc’s FY2018 Earnings (CF)

Canaccord Genuity Group Inc (TSE:CF) – Equities researchers at Cormark increased their FY2018 earnings per share estimates for shares of Canaccord Genuity Group in a report released on Thursday. Cormark analyst J. Fenwick now expects that the financial services provider will earn $0.53 per share for the year, up from their previous forecast of $0.41. Cormark also issued estimates for Canaccord Genuity Group’s Q4 2018 earnings at $0.22 EPS, Q1 2019 earnings at $0.16 EPS and FY2019 earnings at $0.69 EPS.

Separately, TD Securities reduced their price target on shares of Canaccord Genuity Group from C$7.00 to C$6.00 and set a “buy” rating on the stock in a research report on Wednesday, November 8th.

Shares of Canaccord Genuity Group (CF) opened at C$5.93 on Friday. The stock has a market cap of $673.12, a P/E ratio of 45.62 and a beta of 1.25. Canaccord Genuity Group has a 52-week low of C$4.08 and a 52-week high of C$6.85.

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, March 15th. Investors of record on Friday, March 2nd will be paid a $0.01 dividend. This represents a $0.04 annualized dividend and a yield of 0.67%. The ex-dividend date of this dividend is Thursday, March 1st. Canaccord Genuity Group’s payout ratio is 23.08%.

In related news, Director Terrence Lyons acquired 5,400 shares of the company’s stock in a transaction that occurred on Thursday, February 8th. The stock was acquired at an average price of C$5.74 per share, with a total value of C$30,996.00. Also, Director Marcus Geoffrey John Freeman acquired 94,200 shares of the company’s stock in a transaction that occurred on Thursday, November 16th. The stock was bought at an average cost of C$4.57 per share, with a total value of C$430,494.00. In the last three months, insiders purchased 112,900 shares of company stock valued at $519,212.

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Canaccord Genuity Group Company Profile

Canaccord Genuity Group Inc is a Canada-based independent financial services company. The Company has operations in two principal segments of the securities industry: wealth management and capital markets. The Company’s segments include Canaccord Genuity, Canaccord Genuity Wealth Management, and Corporate and Other.

Earnings History and Estimates for Canaccord Genuity Group (TSE:CF)

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