$1.40 Earnings Per Share Expected for CBRE Group, Inc. (NYSE:CBRE) This Quarter

Analysts expect that CBRE Group, Inc. (NYSE:CBREGet Rating) will post $1.40 earnings per share (EPS) for the current fiscal quarter, Zacks Investment Research reports. Two analysts have made estimates for CBRE Group’s earnings, with the lowest EPS estimate coming in at $1.32 and the highest estimate coming in at $1.45. CBRE Group posted earnings of $1.36 per share during the same quarter last year, which would indicate a positive year over year growth rate of 2.9%. The company is scheduled to announce its next quarterly earnings results on Monday, January 1st.

According to Zacks, analysts expect that CBRE Group will report full year earnings of $6.20 per share for the current year, with EPS estimates ranging from $6.00 to $6.33. For the next year, analysts anticipate that the company will post earnings of $6.76 per share, with EPS estimates ranging from $6.69 to $6.88. Zacks’ EPS calculations are a mean average based on a survey of sell-side research analysts that cover CBRE Group.

CBRE Group (NYSE:CBREGet Rating) last issued its quarterly earnings data on Thursday, May 5th. The financial services provider reported $1.39 earnings per share for the quarter, topping analysts’ consensus estimates of $1.08 by $0.31. CBRE Group had a return on equity of 25.00% and a net margin of 6.74%. The firm had revenue of $7.33 billion for the quarter, compared to analyst estimates of $7.55 billion. During the same period last year, the company earned $0.86 EPS. The business’s quarterly revenue was up 23.5% compared to the same quarter last year.

CBRE has been the topic of several research reports. Wolfe Research dropped their price target on CBRE Group from $171.00 to $116.00 and set an “outperform” rating on the stock in a research report on Thursday, March 10th. Zacks Investment Research cut CBRE Group from a “buy” rating to a “hold” rating and set a $87.00 price objective for the company. in a research note on Wednesday, April 27th. StockNews.com started coverage on CBRE Group in a research note on Thursday, March 31st. They set a “buy” rating for the company. The Goldman Sachs Group started coverage on CBRE Group in a research note on Tuesday, April 5th. They set a “buy” rating and a $111.00 price objective for the company. Finally, Raymond James lowered their price objective on CBRE Group from $126.00 to $111.00 and set an “outperform” rating for the company in a research note on Tuesday, April 26th. One analyst has rated the stock with a hold rating and five have issued a buy rating to the company’s stock. Based on data from MarketBeat, the company has an average rating of “Buy” and a consensus target price of $108.00.

NYSE CBRE opened at $78.33 on Friday. The company has a quick ratio of 1.20, a current ratio of 1.20 and a debt-to-equity ratio of 0.16. CBRE Group has a twelve month low of $76.97 and a twelve month high of $111.00. The firm has a market capitalization of $25.60 billion, a PE ratio of 13.55, a P/E/G ratio of 1.15 and a beta of 1.36. The stock’s 50 day moving average is $86.77 and its 200 day moving average is $96.83.

In related news, insider Emma E. Giamartino sold 271 shares of the stock in a transaction on Friday, February 18th. The stock was sold at an average price of $99.68, for a total transaction of $27,013.28. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, CEO Robert E. Sulentic sold 30,000 shares of the stock in a transaction on Friday, March 4th. The stock was sold at an average price of $90.09, for a total value of $2,702,700.00. The disclosure for this sale can be found here. Insiders have sold a total of 45,381 shares of company stock valued at $4,209,073 in the last ninety days. Insiders own 0.43% of the company’s stock.

Institutional investors and hedge funds have recently bought and sold shares of the company. Tcwp LLC bought a new position in shares of CBRE Group during the 1st quarter worth $25,000. Amplius Wealth Advisors LLC acquired a new stake in CBRE Group in the fourth quarter worth about $28,000. Jones Financial Companies Lllp boosted its holdings in CBRE Group by 65.4% in the first quarter. Jones Financial Companies Lllp now owns 316 shares of the financial services provider’s stock worth $29,000 after acquiring an additional 125 shares in the last quarter. Lloyd Advisory Services LLC. purchased a new position in shares of CBRE Group in the first quarter worth about $31,000. Finally, SouthState Corp purchased a new position in shares of CBRE Group in the third quarter worth about $34,000. 96.30% of the stock is currently owned by institutional investors and hedge funds.

CBRE Group Company Profile (Get Rating)

CBRE Group, Inc operates as a commercial real estate services and investment company worldwide. It operates through three segments: Advisory Services, Global Workplace Solutions, and Real Estate Investments segments. The Advisory Services segment provides strategic advice and execution to owners, investors, and occupiers of real estate in connection with leasing; property sales and mortgage services under the CBRE Capital Markets brand; property and project management services, including construction management, marketing, building engineering, accounting, and financial services 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.

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Earnings History and Estimates for CBRE Group (NYSE:CBRE)

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