CBRE Group (NYSE:CBRE – Get Free Report) is scheduled to release its earnings data before the market opens on Friday, May 3rd. Analysts expect CBRE Group to post earnings of $0.68 per share for the quarter. CBRE Group has set its FY24 guidance at $4.25-4.65 EPS.Parties that wish to register for the company’s conference call can do so using this link.
CBRE Group (NYSE:CBRE – Get Free Report) last issued its quarterly earnings data on Thursday, February 15th. The financial services provider reported $1.38 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.21 by $0.17. The business had revenue of $8.95 billion during the quarter, compared to analyst estimates of $8.44 billion. CBRE Group had a net margin of 3.09% and a return on equity of 13.69%. The firm’s quarterly revenue was up 9.2% on a year-over-year basis. During the same quarter last 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 Down 0.7 %
Shares of NYSE:CBRE opened at $86.27 on Thursday. The business has a fifty day simple moving average of $91.86 and a 200 day simple moving average of $85.69. CBRE Group has a 12-month low of $64.63 and a 12-month high of $98.65. The firm has a market cap of $26.48 billion, a P/E ratio of 27.21 and a beta of 1.42. The company has a quick ratio of 1.17, a current ratio of 1.17 and a debt-to-equity ratio of 0.31.
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Analyst Upgrades and Downgrades
Several equities research analysts have recently weighed in on the stock. Raymond James increased their price objective on shares of CBRE Group from $95.00 to $103.00 and gave the stock a “strong-buy” rating in a research report on Thursday, January 25th. Evercore ISI boosted their price target on CBRE Group from $103.00 to $104.00 and gave the company an “in-line” rating in a research note on Tuesday, April 2nd. Jefferies Financial Group started coverage on shares of CBRE Group in a research report on Wednesday, April 10th. They set a “hold” rating and a $107.00 price objective for the company. StockNews.com downgraded shares of CBRE Group from a “buy” rating to a “hold” rating in a research report on Wednesday. Finally, TheStreet upgraded shares of CBRE Group from a “c+” rating to a “b-” rating in a report on Thursday, January 25th. Five analysts have rated the stock with a hold rating, one has assigned a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat, CBRE Group has an average rating of “Hold” and an average target price of $99.50.
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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.
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