Cushman & Wakefield (CWK) Scheduled to Post Earnings on Monday

Cushman & Wakefield (NYSE:CWK) will be releasing its earnings data after the market closes on Monday, April 29th. Analysts expect Cushman & Wakefield to post earnings of ($0.02) per share for the quarter. Persons that wish to listen to the company’s earnings conference call can do so using this link.

Cushman & Wakefield (NYSE:CWK) last announced its quarterly earnings results on Tuesday, February 20th. The company reported $0.45 earnings per share for the quarter, beating the consensus estimate of $0.39 by $0.06. The company had revenue of $2.55 billion during the quarter, compared to analysts’ expectations of $1.78 billion. Cushman & Wakefield had a positive return on equity of 11.87% and a negative net margin of 0.37%. Cushman & Wakefield’s quarterly revenue was down 3.6% on a year-over-year basis. During the same period last year, the business earned $0.46 earnings per share. On average, analysts expect Cushman & Wakefield to post $1 EPS for the current fiscal year and $1 EPS for the next fiscal year.

Cushman & Wakefield Stock Down 0.7 %

Shares of CWK stock opened at $9.33 on Monday. The stock has a 50 day moving average of $10.10 and a 200 day moving average of $9.37. The company has a current ratio of 1.17, a quick ratio of 1.17 and a debt-to-equity ratio of 1.85. The stock has a market cap of $2.12 billion, a P/E ratio of -54.88 and a beta of 1.34. Cushman & Wakefield has a twelve month low of $6.24 and a twelve month high of $11.76.

Insider Buying and Selling at Cushman & Wakefield

In other Cushman & Wakefield news, insider Nathaniel Robinson sold 40,000 shares of the firm’s stock in a transaction that occurred on Thursday, February 29th. The stock was sold at an average price of $9.99, for a total value of $399,600.00. Following the sale, the insider now directly owns 40,427 shares of the company’s stock, valued at $403,865.73. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. In other news, major shareholder Tpg Gp A, Llc sold 7,734,954 shares of Cushman & Wakefield stock in a transaction that occurred on Thursday, February 29th. The stock was sold at an average price of $9.74, for a total value of $75,338,451.96. Following the sale, the insider now directly owns 17,098,001 shares of the company’s stock, valued at $166,534,529.74. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, insider Nathaniel Robinson sold 40,000 shares of Cushman & Wakefield stock in a transaction that occurred on Thursday, February 29th. The stock was sold at an average price of $9.99, for a total value of $399,600.00. Following the completion of the sale, the insider now directly owns 40,427 shares in the company, valued at $403,865.73. The disclosure for this sale can be found here. 1.01% of the stock is owned by corporate insiders.

Institutional Trading of Cushman & Wakefield

A number of institutional investors have recently made changes to their positions in the company. FIL Ltd acquired a new stake in shares of Cushman & Wakefield in the fourth quarter worth approximately $2,700,000. Price T Rowe Associates Inc. MD lifted its position in Cushman & Wakefield by 50.3% during the fourth quarter. Price T Rowe Associates Inc. MD now owns 83,922 shares of the company’s stock worth $907,000 after buying an additional 28,104 shares in the last quarter. Barclays PLC lifted its position in Cushman & Wakefield by 185.5% during the fourth quarter. Barclays PLC now owns 298,883 shares of the company’s stock worth $3,229,000 after buying an additional 194,186 shares in the last quarter. Vanguard Group Inc. lifted its position in Cushman & Wakefield by 4.1% during the fourth quarter. Vanguard Group Inc. now owns 27,678,233 shares of the company’s stock worth $298,925,000 after buying an additional 1,098,245 shares in the last quarter. Finally, Voloridge Investment Management LLC lifted its position in Cushman & Wakefield by 1,364.2% during the fourth quarter. Voloridge Investment Management LLC now owns 575,120 shares of the company’s stock worth $6,211,000 after buying an additional 535,841 shares in the last quarter. 95.56% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

Several brokerages recently weighed in on CWK. Jefferies Financial Group began coverage on Cushman & Wakefield in a research report on Wednesday, April 10th. They set a “buy” rating and a $13.00 price target for the company. Wolfe Research reissued a “peer perform” rating on shares of Cushman & Wakefield in a report on Tuesday, April 9th. Finally, Raymond James lowered Cushman & Wakefield from a “strong-buy” rating to an “outperform” rating and set a $13.00 price objective on the stock. in a report on Wednesday, April 3rd. Three equities research analysts have rated the stock with a hold rating and two have given a buy rating to the stock. Based on data from MarketBeat, the stock currently has an average rating of “Hold” and an average price target of $11.08.

About Cushman & Wakefield

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.