Cushman & Wakefield plc (NYSE:CWK) Expected to Post Earnings of $0.57 Per Share

Equities research analysts forecast that Cushman & Wakefield plc (NYSE:CWK – Get Rating) will post $0.57 earnings per share for the current fiscal quarter, according to Zacks Investment Research. Three analysts have provided estimates for Cushman & Wakefield’s earnings. The highest EPS estimate is $0.61 and the lowest is $0.55. Cushman & Wakefield reported earnings of $0.50 per share in the same quarter last year, which would indicate a positive year over year growth rate of 14%. The business is expected to report its next quarterly earnings results on Monday, January 1st.

According to Zacks, analysts expect that Cushman & Wakefield will report full-year earnings of $2.49 per share for the current year, with EPS estimates ranging from $2.28 to $2.69. For the next year, analysts expect that the company will post earnings of $2.71 per share, with EPS estimates ranging from $2.59 to $2.95. Zacks’ EPS averages are an average based on a survey of research firms that cover Cushman & Wakefield.

Cushman & Wakefield (NYSE:CWK – Get Rating) last announced its quarterly earnings data on Thursday, May 5th. The company reported $0.48 earnings per share for the quarter, topping the consensus estimate of $0.23 by $0.25. The company had revenue of $2.33 billion during the quarter, compared to analyst estimates of $2.15 billion. Cushman & Wakefield had a net margin of 3.19% and a return on equity of 27.90%. The firm’s revenue for the quarter was up 20.6% compared to the same quarter last year. During the same period last year, the business earned ($0.08) EPS.

A number of research analysts have recently issued reports on the stock. Raymond James reduced their price target on shares of Cushman & Wakefield from $38.00 to $32.00 and set a “strong-buy” rating on the stock in a research report on Tuesday, April 26th. Citigroup lowered their target price on shares of Cushman & Wakefield from $23.00 to $21.00 in a research note on Thursday, April 21st. Morgan Stanley lowered their target price on shares of Cushman & Wakefield from $23.00 to $22.50 and set an “overweight” rating on the stock in a research note on Thursday. Wolfe Research lowered their price objective on shares of Cushman & Wakefield from $44.00 to $28.00 and set an “outperform” rating on the stock in a research note on Thursday, March 10th. Finally, The Goldman Sachs Group began coverage on shares of Cushman & Wakefield in a research report on Tuesday, April 5th. They issued a “buy” rating and a $25.00 target price on the stock. One analyst has rated the stock with a sell rating, one has issued a hold rating, four have given a buy rating and two have issued a strong buy rating to the stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Buy” and an average price target of $23.00.

In other news, President Andrew R. Mcdonald sold 13,478 shares of the business’s stock in a transaction on Wednesday, March 2nd. The shares were sold at an average price of $21.63, for a total value of $291,529.14. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, Chairman W Brett White sold 145,416 shares of the business’s stock in a transaction on Friday, April 1st. The stock was sold at an average price of $20.60, for a total transaction of $2,995,569.60. Following the completion of the sale, the chairman now owns 1,327,077 shares of the company’s stock, valued at $27,337,786.20. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 160,955 shares of company stock valued at $3,330,380. 1.27% of the stock is currently owned by corporate insiders.

Several institutional investors have recently modified their holdings of the company. Capital Research Global Investors acquired a new stake in shares of Cushman & Wakefield in the first quarter worth $38,190,000. Delphia USA Inc. lifted its stake in shares of Cushman & Wakefield by 24.2% in the first quarter. Delphia USA Inc. now owns 23,134 shares of the company’s stock worth $474,000 after buying an additional 4,503 shares during the last quarter. Guggenheim Capital LLC lifted its stake in shares of Cushman & Wakefield by 90.8% in the first quarter. Guggenheim Capital LLC now owns 17,611 shares of the company’s stock worth $362,000 after buying an additional 8,379 shares during the last quarter. State Street Corp lifted its stake in shares of Cushman & Wakefield by 3.7% in the first quarter. State Street Corp now owns 2,783,463 shares of the company’s stock worth $57,089,000 after buying an additional 99,847 shares during the last quarter. Finally, Graham Capital Management L.P. increased its position in Cushman & Wakefield by 167.1% during the first quarter. Graham Capital Management L.P. now owns 175,462 shares of the company’s stock worth $3,598,000 after acquiring an additional 109,780 shares during the period. Institutional investors and hedge funds own 82.33% of the company’s stock.

Shares of Cushman & Wakefield stock traded up $0.31 during trading hours on Monday, reaching $17.97. The company’s stock had a trading volume of 852,613 shares, compared to its average volume of 959,050. The company’s 50 day simple moving average is $19.00 and its 200 day simple moving average is $20.13. The company has a debt-to-equity ratio of 2.09, a quick ratio of 1.15 and a current ratio of 1.15. Cushman & Wakefield has a one year low of $15.97 and a one year high of $23.54. The stock has a market cap of $4.05 billion, a P/E ratio of 13.12, a price-to-earnings-growth ratio of 0.73 and a beta of 1.37.

About Cushman & Wakefield (Get Rating)

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.

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