$0.29 Earnings Per Share Expected for Cushman & Wakefield plc (NYSE:CWK) This Quarter

Analysts forecast that Cushman & Wakefield plc (NYSE:CWK) will post earnings of $0.29 per share for the current quarter, according to Zacks. Two analysts have made estimates for Cushman & Wakefield’s earnings, with estimates ranging from $0.19 to $0.33. Cushman & Wakefield posted earnings per share of $0.16 during the same quarter last year, which would indicate a positive year over year growth rate of 81.3%. The company is expected to report its next quarterly earnings results after the market closes on Thursday, November 4th.

According to Zacks, analysts expect that Cushman & Wakefield will report full year earnings of $1.44 per share for the current fiscal year, with EPS estimates ranging from $1.35 to $1.49. For the next fiscal year, analysts expect that the firm will post earnings of $1.67 per share, with EPS estimates ranging from $1.47 to $1.75. Zacks’ earnings per share averages are an average based on a survey of sell-side research analysts that cover Cushman & Wakefield.

Cushman & Wakefield (NYSE:CWK) last announced its quarterly earnings results on Thursday, August 5th. The company reported $0.23 EPS for the quarter, beating analysts’ consensus estimates of ($0.02) by $0.25. The company had revenue of $2.25 billion during the quarter, compared to analysts’ expectations of $1.96 billion. Cushman & Wakefield had a negative return on equity of 2.64% and a negative net margin of 0.35%.

A number of analysts have recently commented on CWK shares. Zacks Investment Research raised Cushman & Wakefield from a “hold” rating to a “buy” rating and set a $20.00 price target for the company in a research note on Tuesday, July 13th. Credit Suisse Group upped their price target on Cushman & Wakefield from $20.00 to $22.00 and gave the company an “outperform” rating in a research note on Friday, August 6th. JPMorgan Chase & Co. upped their price target on Cushman & Wakefield from $17.00 to $20.00 and gave the company a “neutral” rating in a research note on Friday, July 9th. They noted that the move was a valuation call. Morgan Stanley boosted their price objective on Cushman & Wakefield from $19.00 to $21.75 and gave the company an “overweight” rating in a research report on Wednesday, September 22nd. Finally, TheStreet upgraded Cushman & Wakefield from a “d” rating to a “c-” rating in a research report on Friday, August 20th. One investment analyst has rated the stock with a sell rating, two have given a hold rating and five have assigned a buy rating to the stock. Based on data from MarketBeat.com, Cushman & Wakefield currently has an average rating of “Buy” and an average target price of $19.82.

In other news, major shareholder Drone Holding Gp I. Ltd Pagac sold 5,810,442 shares of the company’s stock in a transaction that occurred on Monday, August 16th. The stock was sold at an average price of $18.25, for a total transaction of $106,040,566.50. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Also, CEO W Brett White sold 1,730 shares of the company’s stock in a transaction that occurred on Monday, October 4th. The stock was sold at an average price of $18.84, for a total value of $32,593.20. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 6,035,746 shares of company stock valued at $110,178,806. Insiders own 1.30% of the company’s stock.

Several institutional investors have recently made changes to their positions in CWK. First Trust Advisors LP raised its stake in shares of Cushman & Wakefield by 0.6% during the 1st quarter. First Trust Advisors LP now owns 181,534 shares of the company’s stock worth $3,231,000 after purchasing an additional 1,129 shares in the last quarter. BlackRock Inc. raised its stake in Cushman & Wakefield by 6.4% in the 1st quarter. BlackRock Inc. now owns 8,861,039 shares of the company’s stock valued at $144,614,000 after acquiring an additional 530,905 shares during the period. Teacher Retirement System of Texas raised its stake in Cushman & Wakefield by 22.4% in the 1st quarter. Teacher Retirement System of Texas now owns 12,321 shares of the company’s stock valued at $201,000 after acquiring an additional 2,253 shares during the period. UBS Group AG raised its stake in Cushman & Wakefield by 24.6% in the 1st quarter. UBS Group AG now owns 3,921 shares of the company’s stock valued at $64,000 after acquiring an additional 775 shares during the period. Finally, Geode Capital Management LLC raised its stake in Cushman & Wakefield by 9.7% in the 1st quarter. Geode Capital Management LLC now owns 2,072,127 shares of the company’s stock valued at $33,817,000 after acquiring an additional 182,668 shares during the period. Institutional investors own 74.74% of the company’s stock.

Shares of CWK stock opened at $18.45 on Thursday. The company has a debt-to-equity ratio of 2.76, a current ratio of 1.44 and a quick ratio of 1.44. The stock has a market cap of $4.12 billion, a PE ratio of -131.79, a price-to-earnings-growth ratio of 2.68 and a beta of 1.43. The stock has a 50-day moving average of $18.26 and a 200-day moving average of $17.87. Cushman & Wakefield has a one year low of $10.78 and a one year high of $19.44.

About Cushman & Wakefield

Cushman & Wakefield Plc engages in the provision of commercial real estate services It operates through the following geographical segments: Americas; Europe, the Middle East and Africa (EMEA); and Asia Pacific (APAC). The Americas segment consists of operations located in the United States, Canada and key markets in Latin America.

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