Analysts Expect Cushman & Wakefield plc (NYSE:CWK) Will Post Earnings of $0.29 Per Share

Wall Street brokerages forecast that Cushman & Wakefield plc (NYSE:CWK) will report earnings of $0.29 per share for the current quarter, Zacks Investment Research reports. Two analysts have made estimates for Cushman & Wakefield’s earnings, with the lowest EPS estimate coming in at $0.19 and the highest estimate coming in at $0.33. Cushman & Wakefield reported earnings per share of $0.16 during the same quarter last year, which would suggest a positive year-over-year growth rate of 81.3%. The company is expected to issue its next quarterly earnings report after the market closes on Thursday, November 4th.

On average, analysts expect that Cushman & Wakefield will report full-year earnings of $1.44 per share for the current fiscal year, with EPS estimates ranging from $1.35 to $1.49. For the next year, analysts anticipate that the firm will report earnings of $1.67 per share, with EPS estimates ranging from $1.47 to $1.75. Zacks’ EPS averages are an average based on a survey of sell-side research analysts that follow Cushman & Wakefield.

Cushman & Wakefield (NYSE:CWK) last released its quarterly earnings results on Thursday, August 5th. The company reported $0.23 EPS for the quarter, beating the Zacks’ consensus estimate of ($0.02) by $0.25. Cushman & Wakefield had a negative net margin of 0.35% and a negative return on equity of 2.64%. The company had revenue of $2.25 billion for the quarter, compared to analyst estimates of $1.96 billion.

A number of research firms have recently commented on CWK. TheStreet raised shares of Cushman & Wakefield from a “d” rating to a “c-” rating in a research report on Friday, August 20th. Morgan Stanley boosted their target price on shares of Cushman & Wakefield from $19.00 to $21.75 and gave the stock an “overweight” rating in a research report on Wednesday, September 22nd. Zacks Investment Research raised shares of Cushman & Wakefield from a “hold” rating to a “buy” rating and set a $20.00 target price on the stock in a research report on Tuesday, July 13th. Raymond James boosted their target price on shares of Cushman & Wakefield from $20.00 to $23.00 and gave the stock an “outperform” rating in a research report on Friday, August 6th. Finally, JPMorgan Chase & Co. boosted their target price on shares of Cushman & Wakefield from $17.00 to $20.00 and gave the stock a “neutral” rating in a research report on Friday, July 9th. They noted that the move was a valuation call. One equities research analyst has rated the stock with a sell rating, two have issued a hold rating and five have issued a buy rating to the company’s stock. According to MarketBeat.com, the company currently has an average rating of “Buy” and an average target price of $19.82.

In other news, major shareholder Drone Holding Gp I. Ltd Pagac sold 5,810,442 shares of the business’s stock in a transaction on Monday, August 16th. The shares were sold at an average price of $18.25, for a total value of $106,040,566.50. The sale was disclosed in a filing with the SEC, which is available at this link. Also, CEO W Brett White sold 174,688 shares of Cushman & Wakefield stock in a transaction dated Monday, August 16th. The shares were sold at an average price of $18.25, for a total value of $3,188,056.00. Following the completion of the transaction, the chief executive officer now directly owns 977,727 shares of the company’s stock, valued at $17,843,517.75. The disclosure for this sale can be found here. Insiders sold a total of 6,035,746 shares of company stock worth $110,178,806 in the last 90 days. 1.30% of the stock is owned by corporate insiders.

A number of large investors have recently made changes to their positions in the business. Three Peaks Capital Management LLC raised its holdings in Cushman & Wakefield by 30.2% during the 3rd quarter. Three Peaks Capital Management LLC now owns 192,589 shares of the company’s stock worth $3,584,000 after purchasing an additional 44,638 shares during the last quarter. CFO4Life Group LLC bought a new stake in shares of Cushman & Wakefield in the 3rd quarter valued at about $192,000. Berman Capital Advisors LLC grew its position in shares of Cushman & Wakefield by 58.7% in the 3rd quarter. Berman Capital Advisors LLC now owns 1,849 shares of the company’s stock valued at $34,000 after purchasing an additional 684 shares during the period. HBK Investments L P acquired a new position in shares of Cushman & Wakefield in the 2nd quarter valued at approximately $1,242,000. Finally, Parametric Portfolio Associates LLC grew its position in shares of Cushman & Wakefield by 21.8% in the 2nd quarter. Parametric Portfolio Associates LLC now owns 33,730 shares of the company’s stock valued at $589,000 after purchasing an additional 6,027 shares during the period. 74.74% of the stock is owned by hedge funds and other institutional investors.

NYSE:CWK opened at $18.45 on Thursday. Cushman & Wakefield has a 12 month low of $10.78 and a 12 month high of $19.44. The firm has a market cap of $4.12 billion, a price-to-earnings ratio of -131.79, a P/E/G ratio of 2.68 and a beta of 1.43. The company has a quick ratio of 1.44, a current ratio of 1.44 and a debt-to-equity ratio of 2.76. The company’s 50 day moving average is $18.26 and its 200-day moving average is $17.87.

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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