Cushman & Wakefield (NYSE:CWK) Issues Earnings Results, Beats Expectations By $0.01 EPS

Cushman & Wakefield (NYSE:CWK) announced its quarterly earnings results on Monday. The company reported $0.20 earnings per share for the quarter, topping analysts’ consensus estimates of $0.19 by $0.01, Briefing.com reports. Cushman & Wakefield had a net margin of 0.22% and a return on equity of 12.08%. The firm had revenue of $2.29 billion during the quarter, compared to analysts’ expectations of $1.63 billion. During the same period in the prior year, the company earned $0.22 EPS. The firm’s revenue was down 4.9% on a year-over-year basis.

Cushman & Wakefield Stock Down 2.5 %

Shares of Cushman & Wakefield stock traded down $0.33 during trading on Thursday, reaching $12.78. The company had a trading volume of 306,302 shares, compared to its average volume of 2,304,730. The company has a market cap of $2.93 billion, a price-to-earnings ratio of 328.00 and a beta of 1.33. The firm’s fifty day moving average is $11.19 and its 200-day moving average is $10.53. The company has a debt-to-equity ratio of 1.83, a quick ratio of 1.13 and a current ratio of 1.21. Cushman & Wakefield has a fifty-two week low of $6.24 and a fifty-two week high of $13.78.

Analyst Upgrades and Downgrades

A number of brokerages have commented on CWK. Raymond James boosted their price objective on shares of Cushman & Wakefield from $14.00 to $16.00 and gave the stock an “outperform” rating in a report on Thursday, July 25th. JPMorgan Chase & Co. boosted their price objective on shares of Cushman & Wakefield from $12.00 to $14.00 and gave the stock a “neutral” rating in a report on Tuesday. Jefferies Financial Group began coverage on shares of Cushman & Wakefield in a report on Wednesday, April 10th. They issued a “buy” rating and a $13.00 price objective on the stock. Finally, Wolfe Research reiterated a “peer perform” rating on shares of Cushman & Wakefield in a report on Tuesday, April 9th. Four research analysts have rated the stock with a hold rating and two have assigned a buy rating to the company. According to MarketBeat.com, Cushman & Wakefield presently has a consensus rating of “Hold” and a consensus price target of $12.42.

Insider Activity

In related news, major shareholder Tpg Gp A, Llc sold 17,098,001 shares of the stock in a transaction dated Wednesday, May 22nd. The shares were sold at an average price of $11.00, for a total transaction of $188,078,011.00. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Company insiders own 1.01% of the company’s stock.

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.