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

Cushman & Wakefield (NYSE:CWK) announced its earnings results on Monday. The company reported $0.20 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.18 by $0.02, Briefing.com reports. Cushman & Wakefield had a net margin of 0.13% and a return on equity of 12.41%. The business had revenue of $2.29 billion for the quarter, compared to analyst estimates of $1.63 billion. During the same quarter last year, the business earned $0.22 earnings per share. The company’s revenue for the quarter was down 4.9% compared to the same quarter last year.

Cushman & Wakefield Trading Down 1.7 %

Shares of Cushman & Wakefield stock opened at $13.31 on Tuesday. The company has a debt-to-equity ratio of 1.89, a current ratio of 1.13 and a quick ratio of 1.13. The stock’s 50 day simple moving average is $11.11 and its 200-day simple moving average is $10.49. The stock has a market cap of $3.05 billion, a P/E ratio of 332.75 and a beta of 1.33. Cushman & Wakefield has a 1-year low of $6.24 and a 1-year high of $13.78.

Analyst Ratings Changes

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

Insider Activity

In related news, major shareholder Tpg Gp A, Llc sold 17,098,001 shares of Cushman & Wakefield stock in a transaction that occurred on 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 filing with the SEC, which is accessible through this hyperlink. 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.