Cushman & Wakefield (NYSE:CWK) Announces Earnings Results

Cushman & Wakefield (NYSE:CWK) posted its earnings results on Thursday. The company reported $0.15 earnings per share for the quarter, beating analysts’ consensus estimates of $0.13 by $0.02, FiscalAI reports. Cushman & Wakefield had a return on equity of 15.02% and a net margin of 0.86%.The company had revenue of $2.54 billion for the quarter, compared to the consensus estimate of $1.54 billion. During the same quarter in the prior year, the company earned $0.09 earnings per share. Cushman & Wakefield’s revenue was up 11.0% on a year-over-year basis.

Here are the key takeaways from Cushman & Wakefield’s conference call:

• Delivered a strong quarter with 9% revenue growth to $2.5B, 15% adjusted EBITDA growth, and 67% adjusted EPS growth to $0.15, and management reaffirmed full-year adjusted EPS guidance of 15%–20%.
• Leasing and capital markets were major drivers — leasing was the company’s highest-ever Q1 revenue, up 17%, while capital markets grew 14% globally with notable strength in industrial and data center-related activity.
• Balance sheet progress continues — the company announced a $100M redemption (part of ~$600M repaid since 2024), trailing-12-month free cash flow conversion is ~70%, and net leverage improved to 3.1x toward a 2x target by 2028.
• Reporting changes disclosed in an April 8 8?K remove several previously disclosed non?GAAP metrics (including fee revenue breakdowns and adjusted EBITDA margin), and revenue will now be presented inclusive of gross contract costs, reducing consistency of prior comparability.
• APAC profitability declined year-over-year due to tough comps (large Japan transactions a year ago) and a one?time $3.5M joint-venture credit-loss provision in China, though management described underlying demand there as recovering.

Cushman & Wakefield Price Performance

CWK traded down $0.57 on Thursday, hitting $13.89. 2,546,950 shares of the company’s stock traded hands, compared to its average volume of 1,429,651. The company’s 50 day simple moving average is $13.18 and its 200-day simple moving average is $14.88. The firm has a market cap of $3.25 billion, a price-to-earnings ratio of 36.54 and a beta of 1.50. Cushman & Wakefield has a one year low of $9.43 and a one year high of $17.40. The company has a current ratio of 1.10, a quick ratio of 1.10 and a debt-to-equity ratio of 1.34.

Institutional Trading of Cushman & Wakefield

Institutional investors and hedge funds have recently added to or reduced their stakes in the business. Royal Bank of Canada increased its stake in Cushman & Wakefield by 39.6% in the 1st quarter. Royal Bank of Canada now owns 98,508 shares of the company’s stock worth $1,007,000 after acquiring an additional 27,940 shares during the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. increased its stake in Cushman & Wakefield by 4.5% in the 1st quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 136,261 shares of the company’s stock worth $1,393,000 after acquiring an additional 5,929 shares during the last quarter. United Services Automobile Association bought a new stake in Cushman & Wakefield in the 1st quarter worth approximately $139,000. Jane Street Group LLC increased its stake in Cushman & Wakefield by 1,821.3% in the 1st quarter. Jane Street Group LLC now owns 279,397 shares of the company’s stock worth $2,855,000 after acquiring an additional 264,855 shares during the last quarter. Finally, Focus Partners Wealth bought a new stake in Cushman & Wakefield in the 1st quarter worth approximately $218,000. Institutional investors own 95.56% of the company’s stock.

Wall Street Analysts Forecast Growth

CWK has been the topic of a number of recent research reports. Weiss Ratings reissued a “hold (c)” rating on shares of Cushman & Wakefield in a report on Wednesday, January 21st. Wall Street Zen downgraded Cushman & Wakefield from a “buy” rating to a “hold” rating in a report on Saturday, April 4th. Morgan Stanley reissued an “overweight” rating and issued a $19.00 target price on shares of Cushman & Wakefield in a report on Friday, January 16th. Barclays lowered their target price on Cushman & Wakefield from $19.00 to $15.00 and set an “equal weight” rating on the stock in a report on Friday, March 13th. Finally, Wolfe Research raised Cushman & Wakefield from a “peer perform” rating to an “outperform” rating and set a $19.00 price objective on the stock in a research note on Monday, February 9th. Five analysts have rated the stock with a Buy rating and five have issued a Hold rating to the company. Based on data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $18.06.

About Cushman & Wakefield

Cushman & Wakefield is a leading global commercial real estate services firm headquartered in Chicago. The company provides a wide range of services to occupiers and investors, specializing in transaction management, property management, facilities management and project management. Its clientele spans corporate occupiers, landlords, investors and government entities seeking solutions to optimize their real estate portfolios and operations.

The firm’s core offerings include leasing advisory for office, industrial, retail and multifamily properties, as well as capital markets advice on acquisitions, dispositions and debt and equity placements.