CBRE Group (CBRE) Scheduled to Post Earnings on Friday

CBRE Group (NYSE:CBRE) will announce its earnings results before the market opens on Friday, May 3rd. Analysts expect the company to announce earnings of $0.68 per share for the quarter. CBRE Group has set its FY24 guidance at $4.25-4.65 EPS.Investors interested in registering for the company’s conference call can do so using this link.

CBRE Group (NYSE:CBRE) last released its quarterly earnings results on Thursday, February 15th. The financial services provider reported $1.38 earnings per share for the quarter, topping analysts’ consensus estimates of $1.21 by $0.17. The firm had revenue of $8.95 billion during the quarter, compared to analysts’ expectations of $8.44 billion. CBRE Group had a return on equity of 13.69% and a net margin of 3.09%. CBRE Group’s quarterly revenue was up 9.2% compared to the same quarter last year. During the same quarter in the prior year, the business earned $1.33 EPS. On average, analysts expect CBRE Group to post $4 EPS for the current fiscal year and $6 EPS for the next fiscal year.

CBRE Group Stock Up 0.3 %

NYSE CBRE opened at $87.01 on Friday. The stock has a market cap of $26.71 billion, a PE ratio of 27.45 and a beta of 1.42. CBRE Group has a fifty-two week low of $64.63 and a fifty-two week high of $98.65. The business has a 50 day moving average price of $92.25 and a two-hundred day moving average price of $85.20. The company has a quick ratio of 1.17, a current ratio of 1.17 and a debt-to-equity ratio of 0.31.

Wall Street Analyst Weigh In

A number of brokerages have issued reports on CBRE. TheStreet raised CBRE Group from a “c+” rating to a “b-” rating in a research report on Thursday, January 25th. Evercore ISI upped their target price on CBRE Group from $103.00 to $104.00 and gave the company an “in-line” rating in a research report on Tuesday, April 2nd. Keefe, Bruyette & Woods upped their target price on CBRE Group from $96.00 to $100.00 and gave the company a “market perform” rating in a research report on Friday, February 16th. Jefferies Financial Group began coverage on CBRE Group in a research report on Wednesday, April 10th. They issued a “hold” rating and a $107.00 target price on the stock. Finally, StockNews.com raised CBRE Group from a “hold” rating to a “buy” rating in a research report on Tuesday. Four investment analysts have rated the stock with a hold rating, two have given a buy rating and one has assigned a strong buy rating to the stock. According to data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $99.50.

Insider Activity at CBRE Group

In related news, CEO John E. Durburg sold 25,000 shares of the company’s stock in a transaction that occurred on Thursday, February 22nd. The stock was sold at an average price of $92.20, for a total transaction of $2,305,000.00. Following the sale, the chief executive officer now directly owns 207,856 shares of the company’s stock, valued at approximately $19,164,323.20. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. In related news, CEO Chandra Dhandapani sold 11,925 shares of the company’s stock in a transaction on Friday, February 16th. The stock was sold at an average price of $94.03, for a total transaction of $1,121,307.75. Following the completion of the transaction, the chief executive officer now directly owns 127,064 shares in the company, valued at approximately $11,947,827.92. The sale was disclosed in a document filed with the SEC, which is available through this link. Also, CEO John E. Durburg sold 25,000 shares of the company’s stock in a transaction on Thursday, February 22nd. The stock was sold at an average price of $92.20, for a total value of $2,305,000.00. Following the transaction, the chief executive officer now owns 207,856 shares of the company’s stock, valued at $19,164,323.20. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 39,592 shares of company stock valued at $3,675,752. Corporate insiders own 0.54% of the company’s stock.

CBRE Group Company Profile

CBRE Group, Inc operates as a commercial real estate services and investment company in the United States, the United Kingdom, and internationally. The Advisory Services segment offers strategic advice and execution to owners, investors, and occupiers of real estate in connection with leasing of offices, and industrial and retail space; clients fully integrated property sales services under the CBRE Capital Markets brand; clients commercial mortgage and structured financing services; originates and sells commercial mortgage loans; property management services, such as marketing, building engineering, accounting, and financial services on a contractual basis 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.