CBRE Group (CBRE) to Release Earnings on Thursday

CBRE Group (NYSE:CBREGet Rating) will post its quarterly earnings results before the market opens on Thursday, August 4th. Analysts expect CBRE Group to post earnings of $1.39 per share for the quarter. Persons interested in registering for the company’s earnings conference call can do so using this link.

CBRE Group (NYSE:CBREGet Rating) last released its quarterly earnings data 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 firm had revenue of $7.33 billion for the quarter, compared to analyst estimates of $7.55 billion. CBRE Group had a net margin of 6.74% and a return on equity of 25.00%. The company’s revenue for the quarter was up 23.5% compared to the same quarter last year. During the same quarter in the prior year, the business earned $0.86 EPS. On average, analysts expect CBRE Group to post $6 EPS for the current fiscal year and $6 EPS for the next fiscal year.

CBRE Group Stock Up 1.3 %

CBRE Group stock opened at $82.78 on Thursday. The firm has a market cap of $27.06 billion, a PE ratio of 14.32 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 firm’s 50 day moving average price is $76.93 and its two-hundred day moving average price is $86.90. CBRE Group has a twelve month low of $67.68 and a twelve month high of $111.00.

Analyst Ratings Changes

Several research firms have weighed in on CBRE. Raymond James upgraded shares of CBRE Group from an “outperform” rating to a “strong-buy” rating and dropped their price objective for the company from $122.00 to $110.00 in a research note on Friday, July 22nd. StockNews.com downgraded shares of CBRE Group from a “buy” rating to a “hold” rating in a research report on Friday, July 15th. The Goldman Sachs Group assumed coverage on shares of CBRE Group in a research report on Tuesday, April 5th. They issued a “buy” rating and a $111.00 target price for the company. Finally, Evercore ISI set a $94.00 target price on shares of CBRE Group in a research report on Monday, June 20th. One analyst has rated the stock with a hold rating, three have given a buy rating and one has issued a strong buy rating to the company’s stock. According to data from MarketBeat.com, CBRE Group presently has a consensus rating of “Buy” and an average price target of $109.20.

Insider Buying and Selling at CBRE Group

In other news, CEO Daniel G. Queenan sold 5,000 shares of the stock in a transaction on Wednesday, June 1st. The shares were sold at an average price of $83.16, for a total value of $415,800.00. Following the completion of the transaction, the chief executive officer now owns 188,841 shares in the company, valued at approximately $15,704,017.56. The sale was disclosed in a filing with the SEC, which is available at this link. Insiders own 0.43% of the company’s stock.

Hedge Funds Weigh In On CBRE Group

Hedge funds have recently made changes to their positions in the business. HighTower Advisors LLC increased its position in shares of CBRE Group by 6.1% during the 1st quarter. HighTower Advisors LLC now owns 14,759 shares of the financial services provider’s stock worth $1,344,000 after purchasing an additional 845 shares in the last quarter. Vontobel Holding Ltd. increased its position in shares of CBRE Group by 7.5% during the 1st quarter. Vontobel Holding Ltd. now owns 9,053 shares of the financial services provider’s stock worth $839,000 after purchasing an additional 634 shares in the last quarter. Brown Brothers Harriman & Co. increased its position in shares of CBRE Group by 7,628.6% during the 1st quarter. Brown Brothers Harriman & Co. now owns 1,623 shares of the financial services provider’s stock worth $149,000 after purchasing an additional 1,602 shares in the last quarter. Covestor Ltd increased its position in shares of CBRE Group by 78.5% during the 1st quarter. Covestor Ltd now owns 1,085 shares of the financial services provider’s stock worth $99,000 after purchasing an additional 477 shares in the last quarter. Finally, Ergoteles LLC acquired a new stake in CBRE Group in the 1st quarter valued at about $259,000. Institutional investors and hedge funds own 96.30% of the company’s stock.

About CBRE Group

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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 for CBRE Group (NYSE:CBRE)

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