CBRE Group (CBRE) to Release Quarterly Earnings on Thursday

CBRE Group (NYSE:CBRE) is expected to be releasing its earnings data before the market opens on Thursday, April 24th. Analysts expect CBRE Group to post earnings of $0.81 per share and revenue of $8.73 billion for the quarter. CBRE Group has set its FY 2025 guidance at 5.800-6.100 EPS.Persons interested in listening to the company’s earnings conference call can do so using this link.

CBRE Group (NYSE:CBRE) last issued its quarterly earnings data on Thursday, February 13th. The financial services provider reported $2.32 earnings per share for the quarter, beating analysts’ consensus estimates of $2.20 by $0.12. CBRE Group had a return on equity of 16.96% and a net margin of 2.71%. On average, analysts expect CBRE Group to post $6 EPS for the current fiscal year and $7 EPS for the next fiscal year.

CBRE Group Trading Down 1.3 %

NYSE CBRE opened at $117.09 on Thursday. The company’s fifty day moving average price is $130.98 and its two-hundred day moving average price is $132.09. The company has a market capitalization of $35.11 billion, a price-to-earnings ratio of 37.29 and a beta of 1.26. CBRE Group has a 12 month low of $84.24 and a 12 month high of $147.75. The company has a debt-to-equity ratio of 0.35, a current ratio of 1.07 and a quick ratio of 1.13.

Insider Buying and Selling

In other news, insider Chad J. Doellinger sold 797 shares of the business’s stock in a transaction dated Tuesday, March 11th. The shares were sold at an average price of $126.31, for a total transaction of $100,669.07. Following the transaction, the insider now owns 28,735 shares in the company, valued at approximately $3,629,517.85. The trade was a 2.70 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, CFO Emma E. Giamartino sold 2,000 shares of the stock in a transaction dated Monday, March 17th. The shares were sold at an average price of $125.69, for a total transaction of $251,380.00. Following the completion of the sale, the chief financial officer now owns 107,343 shares of the company’s stock, valued at approximately $13,491,941.67. The trade was a 1.83 % decrease in their position. The disclosure for this sale can be found here. 0.54% of the stock is currently owned by corporate insiders.

Institutional Investors Weigh In On CBRE Group

A hedge fund recently raised its stake in CBRE Group stock. Brighton Jones LLC raised its stake in shares of CBRE Group, Inc. (NYSE:CBRE) by 322.9% in the fourth quarter, according to the company in its most recent disclosure with the SEC. The firm owned 14,492 shares of the financial services provider’s stock after acquiring an additional 11,065 shares during the quarter. Brighton Jones LLC’s holdings in CBRE Group were worth $1,903,000 as of its most recent filing with the SEC. 98.41% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

A number of equities research analysts have recently weighed in on the company. Morgan Stanley boosted their price target on CBRE Group from $160.00 to $165.00 and gave the company an “overweight” rating in a report on Wednesday, February 19th. Jefferies Financial Group raised shares of CBRE Group from a “hold” rating to a “buy” rating and lifted their price target for the company from $133.00 to $152.00 in a report on Thursday, January 2nd. JPMorgan Chase & Co. dropped their price objective on shares of CBRE Group from $163.00 to $141.00 and set an “overweight” rating on the stock in a research note on Thursday, April 10th. Raymond James downgraded CBRE Group from a “strong-buy” rating to an “outperform” rating and decreased their target price for the company from $155.00 to $152.00 in a research note on Friday, January 24th. Finally, Evercore ISI reduced their price objective on CBRE Group from $147.00 to $141.00 and set an “outperform” rating for the company in a research report on Monday, January 13th. Three investment analysts have rated the stock with a hold rating, seven have issued a buy rating and one has given a strong buy rating to the company’s stock. Based on data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average target price of $151.33.

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.