Colliers International Group $54.09 – Toronto symbol CIG

Article Excerpt

COLLIERS INTERNATIONAL GROUP $54.09 (Toronto symbol CIG ; TSINetwork Rating: Extra Risk) (1-202-695-4200; www.colliers.com; Shares outstanding: 37.3 million; Market cap: $2.1 billion; Dividend yield: 0.2%) is one of the top three commercial real estate firms in the world. It offers a range of services in the U.S., Canada, Europe, Australia, New Zealand, Asia and Latin America. The company has 16,300 employees operating from over 500 offices in 66 countries. In the three months ended June 30, 2016, Colliers’s revenue rose 17.7%, to $482.5 million from $409.8 million a year earlier (all figures except share price and market cap in U.S. dollars). If you exclude one-time items, earnings rose 13.7%, to $24.5 million from $21.6 million. Per-share profits rose 8.6%, to $0.63 from $0.58, on more shares outstanding. The company has named former prime minister Stephen Harper to its board of directors. Colliers continues to expand worldwide, and Mr. Harper’s international connections should add expertise in this area. The outlook for the…