CBRE Group, Inc. (NYSE:CBRE) to Post Q3 2024 Earnings of $1.07 Per Share, Zacks Research Forecasts

CBRE Group, Inc. (NYSE:CBRE) – Equities researchers at Zacks Research increased their Q3 2024 earnings per share estimates for CBRE Group in a research report issued on Tuesday, April 23rd. Zacks Research analyst R. Department now anticipates that the financial services provider will post earnings of $1.07 per share for the quarter, up from their prior estimate of $1.06. The consensus estimate for CBRE Group’s current full-year earnings is $4.44 per share. Zacks Research also issued estimates for CBRE Group’s Q3 2025 earnings at $1.09 EPS, Q1 2026 earnings at $1.57 EPS and FY2026 earnings at $7.14 EPS.

Several other equities research analysts also recently commented on the company. StockNews.com upgraded CBRE Group from a “hold” rating to a “buy” rating in a report on Tuesday. Raymond James boosted their price objective on CBRE Group from $95.00 to $103.00 and gave the company a “strong-buy” rating in a report on Thursday, January 25th. Jefferies Financial Group assumed coverage on CBRE Group in a report on Wednesday, April 10th. They set a “hold” rating and a $107.00 price target for the company. Evercore ISI increased their price target on CBRE Group from $103.00 to $104.00 and gave the company an “in-line” rating in a research report on Tuesday, April 2nd. Finally, Keefe, Bruyette & Woods increased their price target on CBRE Group from $96.00 to $100.00 and gave the company a “market perform” rating in a research report on Friday, February 16th. Four equities research analysts have rated the stock with a hold rating, two have assigned a buy rating and one has issued a strong buy rating to the company’s stock. According to MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $99.50.

CBRE Group Trading Down 0.4 %

NYSE CBRE opened at $86.76 on Wednesday. The company has a market cap of $26.63 billion, a price-to-earnings ratio of 27.37 and a beta of 1.42. CBRE Group has a 52 week low of $64.63 and a 52 week high of $98.65. The business has a 50 day moving average price of $92.39 and a 200-day moving average price of $85.19. The company has a quick ratio of 1.17, a current ratio of 1.17 and a debt-to-equity ratio of 0.31.

CBRE Group (NYSE:CBRE) last released its quarterly earnings data on Thursday, February 15th. The financial services provider reported $1.38 EPS for the quarter, beating the consensus estimate of $1.21 by $0.17. The firm had revenue of $8.95 billion during the quarter, compared to the consensus estimate of $8.44 billion. CBRE Group had a return on equity of 13.69% and a net margin of 3.09%. The company’s quarterly revenue was up 9.2% on a year-over-year basis. During the same quarter in the previous year, the company posted $1.33 earnings per share.

Insider Buying and Selling at CBRE Group

In other CBRE Group news, CEO John E. Durburg sold 25,000 shares of the company’s stock in a transaction on Thursday, February 22nd. The stock was sold at an average price of $92.20, for a total value of $2,305,000.00. Following the completion of the transaction, the chief executive officer now owns 207,856 shares in the company, valued at approximately $19,164,323.20. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. In other CBRE Group news, CFO Emma E. Giamartino sold 2,667 shares of the company’s stock in a transaction on Monday, March 11th. The stock was sold at an average price of $93.53, for a total value of $249,444.51. Following the completion of the transaction, the chief financial officer now owns 72,350 shares in the company, valued at approximately $6,766,895.50. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CEO John E. Durburg sold 25,000 shares of the company’s stock in a transaction on Thursday, February 22nd. The shares were sold at an average price of $92.20, for a total value of $2,305,000.00. Following the completion of the transaction, the chief executive officer now owns 207,856 shares of the company’s stock, valued at approximately $19,164,323.20. The disclosure for this sale can be found here. Insiders sold 39,592 shares of company stock worth $3,675,752 in the last quarter. 0.54% of the stock is currently owned by company insiders.

Institutional Inflows and Outflows

A number of institutional investors have recently bought and sold shares of CBRE. V Square Quantitative Management LLC grew its stake in shares of CBRE Group by 19.0% during the 1st quarter. V Square Quantitative Management LLC now owns 7,787 shares of the financial services provider’s stock worth $757,000 after acquiring an additional 1,244 shares during the period. Simplicity Wealth LLC bought a new position in shares of CBRE Group during the 1st quarter worth $435,000. Assenagon Asset Management S.A. grew its stake in shares of CBRE Group by 676.6% during the 1st quarter. Assenagon Asset Management S.A. now owns 406,993 shares of the financial services provider’s stock worth $39,576,000 after acquiring an additional 354,588 shares during the period. Fifth Third Bancorp grew its stake in shares of CBRE Group by 1.3% during the 1st quarter. Fifth Third Bancorp now owns 68,956 shares of the financial services provider’s stock worth $6,705,000 after acquiring an additional 885 shares during the period. Finally, First Trust Direct Indexing L.P. grew its stake in shares of CBRE Group by 39.0% during the 1st quarter. First Trust Direct Indexing L.P. now owns 8,273 shares of the financial services provider’s stock worth $804,000 after acquiring an additional 2,323 shares during the period. Institutional investors own 98.41% of the company’s stock.

About CBRE Group

CBRE Group, Inc operates as a commercial real estate services and investment company in the United States, the United Kingdom, and internationally. The Advisory Services segment offers strategic advice and execution to owners, investors, and occupiers of real estate in connection with leasing of offices, and industrial and retail space; clients fully integrated property sales services under the CBRE Capital Markets brand; clients commercial mortgage and structured financing services; originates and sells commercial mortgage loans; property management services, such as marketing, building engineering, accounting, and financial services on a contractual basis for owners of and investors in office, industrial, and retail properties; and valuation services that include market value appraisals, litigation support, discounted cash flow analyses, and feasibility studies, as well as consulting services, such as property condition reports, hotel advisory, and environmental consulting.