Analysts Anticipate CBRE Group, Inc. (NYSE:CBRE) Will Announce Earnings of $1.40 Per Share

Wall Street brokerages expect CBRE Group, Inc. (NYSE:CBRE – Get Rating) to announce earnings per share of $1.40 for the current quarter, Zacks Investment Research reports. Two analysts have made estimates for CBRE Group’s earnings, with the highest EPS estimate coming in at $1.45 and the lowest estimate coming in at $1.32. CBRE Group posted earnings of $1.36 per share during the same quarter last year, which suggests a positive year-over-year growth rate of 2.9%. The firm is scheduled to issue its next earnings report on Monday, January 1st.

On average, analysts expect that CBRE Group will report full-year earnings of $6.20 per share for the current fiscal year, with EPS estimates ranging from $6.00 to $6.33. For the next financial year, analysts anticipate that the business will post earnings of $6.76 per share, with EPS estimates ranging from $6.69 to $6.88. Zacks Investment Research’s earnings per share averages are an average based on a survey of sell-side research firms that follow CBRE Group.

CBRE Group (NYSE:CBRE – Get Rating) last released its earnings results on Thursday, May 5th. The financial services provider reported $1.39 earnings per share for the quarter, beating the consensus estimate of $1.10 by $0.29. The company had revenue of $7.33 billion for the quarter, compared to the consensus estimate of $7.55 billion. CBRE Group had a return on equity of 25.00% and a net margin of 6.74%. CBRE Group’s quarterly revenue was up 23.5% compared to the same quarter last year. During the same period in the previous year, the business earned $0.86 earnings per share.

Several equities analysts recently weighed in on the company. Raymond James lowered their target price on CBRE Group from $126.00 to $111.00 and set an “outperform” rating on the stock in a research report on Tuesday, April 26th. Zacks Investment Research downgraded CBRE Group from a “buy” rating to a “hold” rating and set a $87.00 target price on the stock. in a research report on Wednesday, April 27th. The Goldman Sachs Group initiated coverage on CBRE Group in a report on Tuesday, April 5th. They set a “buy” rating and a $111.00 price target on the stock. Wolfe Research decreased their price target on CBRE Group from $171.00 to $116.00 and set an “outperform” rating on the stock in a report on Thursday, March 10th. Finally, StockNews.com initiated coverage on CBRE Group in a report on Thursday, March 31st. They set a “buy” rating on the stock. One research analyst has rated the stock with a hold rating and five have issued a buy rating to the company’s stock. According to data from MarketBeat, the company currently has an average rating of “Buy” and a consensus target price of $108.00.

NYSE CBRE opened at $82.49 on Friday. The company has a market capitalization of $26.96 billion, a PE ratio of 14.27, a price-to-earnings-growth ratio of 1.17 and a beta of 1.36. The company has a debt-to-equity ratio of 0.16, a quick ratio of 1.20 and a current ratio of 1.20. The business’s fifty day moving average is $84.51 and its 200 day moving average is $94.51. CBRE Group has a fifty-two week low of $76.35 and a fifty-two week high of $111.00.

A number of hedge funds and other institutional investors have recently modified their holdings of the business. Allspring Global Investments Holdings LLC purchased a new position in shares of CBRE Group during the fourth quarter valued at approximately $426,873,000. Norges Bank purchased a new position in shares of CBRE Group during the fourth quarter valued at approximately $347,784,000. Man Group plc boosted its position in shares of CBRE Group by 357.0% during the third quarter. Man Group plc now owns 1,567,479 shares of the financial services provider’s stock valued at $152,610,000 after buying an additional 1,224,455 shares during the period. State Street Corp boosted its holdings in shares of CBRE Group by 6.0% in the fourth quarter. State Street Corp now owns 14,871,950 shares of the financial services provider’s stock valued at $1,613,755,000 after purchasing an additional 846,053 shares during the period. Finally, Vanguard Group Inc. boosted its holdings in shares of CBRE Group by 1.6% in the first quarter. Vanguard Group Inc. now owns 53,153,811 shares of the financial services provider’s stock valued at $4,864,637,000 after purchasing an additional 831,038 shares during the period. 96.30% of the stock is currently owned by institutional investors.

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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