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Ci Financial Corp. (TSE:CIX)
:CIX
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Earnings Data
Report Date
Feb 21, 2025TBA Not Confirmed
Period Ending
2024 (Q4)Consensus EPS Forecast
0.97Last Year’s EPS
0.81Same Quarter Last Year
Based on 7 Analysts Ratings
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Earnings Call Summary
Earnings Call Date:Nov 08, 2018
|% Change Since: 31.83%
|Next Earnings Date:Aug 09, 2018
Earnings Call Sentiment|Positive
The earnings call highlighted a strong financial performance with record-breaking metrics in EPS and EBITDA, supported by successful acquisitions and organic growth. Despite challenges related to increased debt and ongoing integration efforts, the positive aspects of revenue growth and strategic achievements in wealth management indicate a generally optimistic outlook.Company Guidance
During the CI Financial Q3 2024 earnings call, the company reported several record-breaking metrics. Adjusted EPS increased by 8% sequentially to $0.97, and adjusted EBITDA per share rose by 10% from Q2, reaching $1.85. Free cash flow per share also hit a record at $1.32. CI Financial allocated $164 million towards mergers and acquisitions and continued active share repurchases, including buying back 5 million shares and 680,000 shares through its NCIB. The company reduced its debt by repurchasing $16 million of 2051 notes. The Canadian retail channel experienced positive net flows, while both Canadian and U.S. wealth businesses generated positive flows. The U.S. segment's EBITDA rose by 24% compared to the previous year, with margins expanding to 44%. Global assets ended the quarter up 6% to $518 billion. The company anticipates Q4 interest and lease finance expenses to range between $59 million to $60 million. Net debt increased to $3.6 billion, with a net leverage of 3.3x. CI Financial completed acquisitions adding over $10 billion in client assets to Corient, contributing to an 8% sequential increase in adjusted EBITDA for the segment.Record-Breaking Financial Performance
Adjusted EPS grew 8% sequentially to a record $0.97, and adjusted EBITDA per share increased 10% from Q2 to a record of $1.85. Free cash flow also reached a record of $1.32 per share.
Strong Organic and M&A Growth
CI Financial completed acquisitions adding over $10 billion in client assets, contributing to an 8% sequential increase in adjusted EBITDA for the wealth management segment.
Awards and Recognition
CI Financial was recognized with 16 Lipper awards, marking the second consecutive year as the most awarded fund manager in Canada.
Positive Flows in Wealth Management
Both Canadian and U.S. wealth management businesses generated positive flows, indicating quality and resiliency.
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TSE:CIX Earnings History
The table shows recent earnings report dates and whether the forecast was beat or missed. See the change in forecast and EPS from the previous year.
Beat
Missed
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TSE:CIX Earnings-Related Price Changes
Report Date | Price 1 Day Before | Price 1 Day After | Percentage Change |
|---|---|---|---|
| Nov 14, 2024 | C$23.48 | C$24.36 | +3.77% |
| Aug 08, 2024 | C$15.72 | C$15.77 | +0.31% |
| May 10, 2024 | C$16.23 | C$14.27 | -12.12% |
| Feb 23, 2024 | C$15.16 | C$15.85 | +4.48% |
Earnings announcements can affect a stock’s price. This table shows the stock's price the day before and the day after recent earnings reports, including the percentage change.
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FAQ
When does Ci Financial Corp. (TSE:CIX) report earnings?
Ci Financial Corp. (TSE:CIX) is schdueled to report earning on Feb 21, 2025, TBA Not Confirmed.
What is Ci Financial Corp. (TSE:CIX) earnings time?
Ci Financial Corp. (TSE:CIX) earnings time is at Feb 21, 2025, TBA Not Confirmed.
Where can I see when companies are reporting earnings?
You can see which companies are reporting today on our designated earnings calendar.
What companies are reporting earnings today?
You can see a list of the companies which are reporting today on TipRanks earnings calendar.
What is TSE:CIX EPS forecast?
TSE:CIX EPS forecast for the fiscal quarter 2024 (Q4) is 0.97.
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