On Thursday Colliers International Group Inc. (NASDAQ: CIGI) has shown upward move of +2.31% and ended the last trade at $75.20. The trading volume was recorded to 27,833 shares as compared to average traded volume of 29,292 shares.
Colliers International Group Inc. (CIGI) recently stated operating and financial results for its first quarter ended March 31, 2018. All amounts are in US dollars.
Revenues for the first quarter were $552.5M, an 18% raise (14% in local currency) relative to the same quarter in the previous year, Adjusted EBITDA (note 1) was $36.1M, up 16% (14% in local currency) and Adjusted EPS (note 2) was $0.45, a 25% raise versus the previous year quarter. First quarter adjusted EPS would have been about $0.01 lower not including foreign exchange impacts. GAAP operating earnings were $15.7M, relative to $12.8M stated in the previous year period. GAAP diluted net earnings per ordinary share was $0.13 for the quarter, versus $0.04 per share for the same quarter a year ago. First quarter GAAP EPS would have been about $0.01 lower not including foreign exchange impacts. Operating results for the first quarter of 2018 reflect the adoption of new US GAAP revenue guidance which became effective January 1, 2018. The comparative quarter has been restated to reflect the impact of the new revenue guidance.
“Colliers is off to a strong start in 2018, with well-balanced revenue growth from acquisitions and internally from our existing operations. Our revenue pipelines indicate solid activity across all service lines, with stable to positive conditions in most major markets,” stated Jay S. Hennick, Chairman and CEO of Colliers International. “To date we have completed a total of five acquisitions, two in the Americas, two in Europe and one in Asia – investing over $100M. Last month we also completed the expansion and extension of our revolving credit facility, providing additional capacity for growth over the next five years. With our strong balance sheet, disciplined growth strategy, and proven track record, Colliers International is well positioned to continue expanding our global platform in 2018 and beyond,” he concluded.
(CIGI) EPS growth ratio for the past five years was 77.30% while Sales growth for the past five years was 1.60%. Return on equity (ROE) was noted as 19.90% while return on investment (ROI) was 21.30%. The stock’s institutional ownership stands at 76.10%.
