CBRE Group (NYSE:CBRE – Get Free Report) issued an update on its FY24 earnings guidance on Thursday morning. The company provided EPS guidance of $4.70-$4.90 for the period, compared to the consensus EPS estimate of $4.47.
CBRE Group Stock Performance
Shares of CBRE Group stock opened at $98.32 on Thursday. The company has a quick ratio of 1.15, a current ratio of 1.15 and a debt-to-equity ratio of 0.36. CBRE Group has a 52 week low of $64.63 and a 52 week high of $100.27. The firm has a market capitalization of $30.17 billion, a P/E ratio of 30.63 and a beta of 1.40. The company has a 50 day moving average price of $89.89 and a 200 day moving average price of $89.75.
CBRE Group (NYSE:CBRE – Get Free Report) last issued its quarterly earnings results on Friday, May 3rd. The financial services provider reported $0.78 EPS for the quarter, topping analysts’ consensus estimates of $0.69 by $0.09. The company had revenue of $7.94 billion during the quarter, compared to analysts’ expectations of $7.94 billion. CBRE Group had a return on equity of 12.96% and a net margin of 3.06%. The firm’s revenue was up 7.1% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $0.92 EPS. Sell-side analysts expect that CBRE Group will post 4.48 EPS for the current year.
Analyst Upgrades and Downgrades
Check Out Our Latest Report on CBRE
CBRE Group Company Profile
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.
Recommended Stories
- Five stocks we like better than CBRE Group
- Procter & Gamble (NYSE:PG) Pulls Back After Shaky Guidance
- How Much Should You Be Investing? Try Our Calculators
- How to Use the MarketBeat Excel Dividend Calculator
- Enphase Energy Stock: Growth in the Renewable Energy Transition
- Using the MarketBeat Dividend Tax Calculator
- ASML Stock Nearing Bottom: Is Now the Time to Buy?
Receive News & Ratings for CBRE Group Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for CBRE Group and related companies with MarketBeat.com's FREE daily email newsletter.