Cushman & Wakefield (NYSE:CWK) Announces Quarterly Earnings Results

Cushman & Wakefield (NYSE:CWK) announced its quarterly earnings results on Monday. The company reported $0.20 EPS for the quarter, beating the consensus estimate of $0.19 by $0.01, Briefing.com reports. The firm had revenue of $2.29 billion during the quarter, compared to the consensus estimate of $1.63 billion. Cushman & Wakefield had a net margin of 0.13% and a return on equity of 12.41%. The business’s quarterly revenue was down 4.9% compared to the same quarter last year. During the same period last year, the firm earned $0.22 EPS.

Cushman & Wakefield Trading Down 4.9 %

NYSE CWK opened at $12.66 on Tuesday. The stock’s 50-day simple moving average is $11.11 and its two-hundred day simple moving average is $10.49. Cushman & Wakefield has a twelve month low of $6.24 and a twelve month high of $13.78. The company has a quick ratio of 1.13, a current ratio of 1.13 and a debt-to-equity ratio of 1.89. The company has a market capitalization of $2.90 billion, a price-to-earnings ratio of 327.75 and a beta of 1.33.

Analyst Ratings Changes

A number of brokerages recently issued reports on CWK. Raymond James increased their price objective on Cushman & Wakefield from $14.00 to $16.00 and gave the stock an “outperform” rating in a research report on Thursday, July 25th. JPMorgan Chase & Co. increased their price objective on Cushman & Wakefield from $12.00 to $14.00 and gave the stock a “neutral” rating in a research report on Tuesday. Wolfe Research reiterated a “peer perform” rating on shares of Cushman & Wakefield in a research report on Tuesday, April 9th. Finally, Jefferies Financial Group began coverage on Cushman & Wakefield in a research report on Wednesday, April 10th. They issued a “buy” rating and a $13.00 price objective on the stock. Four analysts have rated the stock with a hold rating and two have issued a buy rating to the stock. Based on data from MarketBeat.com, Cushman & Wakefield has a consensus rating of “Hold” and an average price target of $12.42.

Insider Buying and Selling at Cushman & Wakefield

In other news, major shareholder Tpg Gp A, Llc sold 17,098,001 shares of the firm’s stock in a transaction dated Wednesday, May 22nd. The stock was sold at an average price of $11.00, for a total transaction of $188,078,011.00. The sale was disclosed in a legal filing with the SEC, which is available through the SEC website. Company insiders own 1.01% of the company’s stock.

About Cushman & Wakefield

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.