Cushman & Wakefield (CWK) Set to Announce Earnings on Monday

Cushman & Wakefield (NYSE:CWK) is scheduled to 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 are interested in participating in 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 EPS for the quarter, topping analysts’ consensus estimates of $0.39 by $0.06. The firm had revenue of $2.55 billion during the quarter, compared to analysts’ expectations of $1.78 billion. Cushman & Wakefield had a negative net margin of 0.37% and a positive return on equity of 11.87%. The company’s revenue for the quarter was down 3.6% compared to the same quarter last year. During the same quarter last year, the company 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 Up 1.6 %

Shares of CWK opened at $9.72 on Friday. The stock has a market cap of $2.21 billion, a price-to-earnings ratio of -57.17 and a beta of 1.34. The company has a quick ratio of 1.17, a current ratio of 1.17 and a debt-to-equity ratio of 1.85. Cushman & Wakefield has a 12 month low of $6.24 and a 12 month high of $11.76. The company has a 50-day moving average price of $9.96 and a two-hundred day moving average price of $9.45.

Insider Buying and Selling

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

Wall Street Analysts Forecast Growth

A number of research firms have recently issued reports on CWK. Wolfe Research reiterated a “peer perform” rating on shares of Cushman & Wakefield in a research note on Tuesday, April 9th. Raymond James cut shares of Cushman & Wakefield from a “strong-buy” rating to an “outperform” rating and set a $13.00 target price for the company. in a research note on Wednesday, April 3rd. Finally, Jefferies Financial Group began coverage on shares of Cushman & Wakefield in a research note on Wednesday, April 10th. They issued a “buy” rating and a $13.00 target price for the company. Three investment analysts have rated the stock with a hold rating and two have issued a buy rating to the stock. Based on data from MarketBeat, the company has an average rating of “Hold” and an average price target of $11.08.

Cushman & Wakefield Company Profile

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.