Wall Street brokerages predict that Cushman & Wakefield plc (NYSE:CWK) will announce $2.60 billion in sales for the current quarter, Zacks reports. Two analysts have made estimates for Cushman & Wakefield’s earnings, with the lowest sales estimate coming in at $2.55 billion and the highest estimate coming in at $2.64 billion. Cushman & Wakefield posted sales of $2.27 billion during the same quarter last year, which suggests a positive year over year growth rate of 14.5%. The business is expected to announce its next earnings results on Thursday, February 24th.
According to Zacks, analysts expect that Cushman & Wakefield will report full-year sales of $9.10 billion for the current fiscal year, with estimates ranging from $9.05 billion to $9.15 billion. For the next fiscal year, analysts anticipate that the business will report sales of $9.90 billion, with estimates ranging from $9.76 billion to $9.98 billion. Zacks’ sales calculations are a mean average based on a survey of analysts that cover Cushman & Wakefield.
Cushman & Wakefield (NYSE:CWK) last announced its quarterly earnings results on Thursday, November 4th. The company reported $0.48 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.28 by $0.20. The business had revenue of $2.33 billion for the quarter, compared to analyst estimates of $2.28 billion. Cushman & Wakefield had a net margin of 0.88% and a return on equity of 6.85%. The company’s revenue was up 20.8% on a year-over-year basis. During the same quarter last year, the firm earned ($0.17) EPS.
In other news, insider John Forrester sold 10,000 shares of Cushman & Wakefield stock in a transaction that occurred on Friday, November 5th. The shares were sold at an average price of $19.49, for a total value of $194,900.00. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, major shareholder Drone Holding Gp I. Ltd Pagac sold 5,797,645 shares of Cushman & Wakefield stock in a transaction that occurred on Monday, December 13th. The stock was sold at an average price of $20.35, for a total transaction of $117,982,075.75. The disclosure for this sale can be found here. 1.30% of the stock is currently owned by company insiders.
Institutional investors have recently modified their holdings of the company. Lazard Asset Management LLC bought a new position in Cushman & Wakefield in the 2nd quarter worth $25,000. Berman Capital Advisors LLC raised its holdings in Cushman & Wakefield by 58.7% in the 3rd quarter. Berman Capital Advisors LLC now owns 1,849 shares of the company’s stock worth $34,000 after purchasing an additional 684 shares during the period. Advisor Group Holdings Inc. raised its holdings in Cushman & Wakefield by 459.2% in the 2nd quarter. Advisor Group Holdings Inc. now owns 2,030 shares of the company’s stock worth $36,000 after purchasing an additional 1,667 shares during the period. Point72 Hong Kong Ltd bought a new position in Cushman & Wakefield in the 3rd quarter worth $62,000. Finally, O Shaughnessy Asset Management LLC bought a new position in Cushman & Wakefield in the 2nd quarter worth $65,000. Institutional investors and hedge funds own 76.04% of the company’s stock.
Shares of Cushman & Wakefield stock opened at $22.61 on Friday. The company has a market cap of $5.05 billion, a price-to-earnings ratio of 68.52, a PEG ratio of 2.45 and a beta of 1.44. Cushman & Wakefield has a 12-month low of $13.89 and a 12-month high of $22.77. The company has a debt-to-equity ratio of 2.61, a quick ratio of 1.44 and a current ratio of 1.44. The stock has a fifty day moving average price of $19.80.
Cushman & Wakefield Company Profile
Cushman & Wakefield Plc engages in the provision of commercial real estate services It operates through the following geographical segments: Americas; Europe, the Middle East and Africa (EMEA); and Asia Pacific (APAC). The Americas segment consists of operations located in the United States, Canada and key markets in Latin America.
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