Cushman & Wakefield (CWK) to Release Earnings on Monday

Cushman & Wakefield (NYSE:CWK) is scheduled to post its quarterly earnings results after the market closes on Monday, April 29th. Analysts expect Cushman & Wakefield to post earnings of ($0.02) per share for the quarter. Individual that are interested in registering for the company’s earnings conference call can do so using this link.

Cushman & Wakefield (NYSE:CWK) last posted its quarterly earnings data on Tuesday, February 20th. The company reported $0.45 earnings per share for the quarter, beating analysts’ consensus estimates of $0.39 by $0.06. Cushman & Wakefield had a negative net margin of 0.37% and a positive return on equity of 11.87%. The firm had revenue of $2.55 billion for the quarter, compared to analyst estimates of $1.78 billion. During the same period last year, the firm posted $0.46 EPS. Cushman & Wakefield’s quarterly revenue was down 3.6% on a year-over-year basis. On average, analysts expect Cushman & Wakefield to post $1 EPS for the current fiscal year and $1 EPS for the next fiscal year.

Cushman & Wakefield Stock Performance

NYSE:CWK opened at $9.72 on Friday. The firm’s fifty day moving average price is $9.96 and its 200 day moving average price is $9.44. Cushman & Wakefield has a 1-year low of $6.24 and a 1-year high of $11.76. The company has a debt-to-equity ratio of 1.85, a current ratio of 1.17 and a quick ratio of 1.17. The firm has a market cap of $2.21 billion, a price-to-earnings ratio of -57.18 and a beta of 1.34.

Insiders Place Their Bets

In other Cushman & Wakefield news, insider Nathaniel Robinson sold 40,000 shares of the business’s stock in a transaction on Thursday, February 29th. The shares were sold at an average price of $9.99, for a total transaction of $399,600.00. Following the sale, the insider now directly owns 40,427 shares in the company, valued at approximately $403,865.73. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. In related news, major shareholder Tpg Gp A, Llc sold 7,734,954 shares of the business’s stock in a transaction dated Thursday, February 29th. The shares were sold at an average price of $9.74, for a total value of $75,338,451.96. Following the sale, the insider now directly owns 17,098,001 shares in the company, valued at approximately $166,534,529.74. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. Also, insider Nathaniel Robinson sold 40,000 shares of the business’s stock in a transaction dated Thursday, February 29th. The stock was sold at an average price of $9.99, for a total transaction of $399,600.00. Following the completion of the sale, the insider now owns 40,427 shares in the company, valued at $403,865.73. The disclosure for this sale can be found here. Insiders own 1.01% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of equities analysts recently weighed in on the stock. Raymond James lowered shares of Cushman & Wakefield from a “strong-buy” rating to an “outperform” rating and set a $13.00 price objective on the stock. in a research report on Wednesday, April 3rd. Jefferies Financial Group assumed coverage on shares of Cushman & Wakefield in a research report on Wednesday, April 10th. They issued a “buy” rating and a $13.00 price objective on the stock. Finally, Wolfe Research reiterated a “peer perform” rating on shares of Cushman & Wakefield in a research report on Tuesday, April 9th. Three analysts have rated the stock with a hold rating and two have assigned a buy rating to the company. Based on data from MarketBeat.com, the company has a consensus rating of “Hold” and a consensus target price of $11.08.

Cushman & Wakefield Company Profile

Cushman & Wakefield plc, together with its subsidiaries, provides commercial real estate services under the Cushman & Wakefield brand in the United States, Australia, the United Kingdom, and internationally. The company operates through Americas; Europe, Middle East and Africa; and Asia Pacific segments.